Europe faces a very serious moment by the reappearance of the war (Ukraine), the skyrocketing of gas prices, the fear that Putin will close the tap on Germany this winter and cause a recession throughout the continent and the inevitable rise in interest rates to combat inflation which is already close to two digits (in Spain it exceeds them). And the euro has fallen below parity with the dollar, fueling the inflationand indicates that the ECB cannot be much less forceful than the American Federal Reserve.
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