Tag: Dusk of European Union
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The End of the European Free Lunch – Dawn of European Union
For many decades, Western Europeans enjoyed one of the highest standards of living in the world. But this prosperity was not entirely self-made. It rested on two crucial, often unspoken pillars: Cheap Russian energy – natural gas and oil delivered at below-market prices via pipelines. Low military spendings – with the notable exceptions of France and the…