So that's the Russian cycle?
Germany has awesome frozen pizza, perhaps I should start to export them to rich Pidorburgers :3
Can't fucking wait before this shithole fails miserably yet again and gets spoonfed by the wect like it happened before. Weimar Russia is the best state of Russia. The natural state, dare I say.
> Foreign cigarettes
> Foreign beer
> Foreign canned food
> Supercool turboinflation prices for the good memories
> Cheap trashed cars from Japan and Germany
> New fastfood chains on the market
God the 90's are great and they're coming back big time soon fuck give me that anarchy QUICK ahhhhhhh, makes me wonder what will be the same as back then and what will be different
The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine.
Today, 1 EUR equals 1 USD.
The shift means European companies and consumers will pay more for the goods and services they import, while European exports become immediately cheaper in international markets.
The euro has experienced a dramatic loss of value since early February when it was worth over $1.13.
The fall accelerated in recent weeks as fear spread that Russia, the EU's main energy provider, was going to completely cut off gas flows in retaliation for Western sanctions.
(…)
But Russia's full-scale attack against Ukraine has turned the tables around, taking a heavy toll on the EU's economy. The invasion has upended energy markets and sent gas bills soaring to all-time highs.
The sudden shock has triggered record-breaking inflation across the eurozone, with an 8.6% figure in June, together with a gradual slowdown in economic activity.
The combination of both factors has brought back the spectre of stagflation, a dangerous mix that depresses growth while goods remain excessively expensive for consumers and companies.
The European Central Bank has already hiked interest rates in a bid to tame inflation and plans to continue doing so as the situation further deteriorates. But some analysts have criticised the ECB for moving too late compared to its counterparts in the US, the UK and Canada.
