Putin Flips The Switch (Europe In Trouble)

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In this video, I discuss Russia shutting down the Nord Stream pipeline, and what this means for Europe's economy and EU monetary policy.

An economy weakened by spiking energy costs demands dovish monetary policy. The catch is that dovish monetary policy further increases imported energy costs for the EU.

The solution may be outside of the realm of central bankers. The EU needs to reduce energy dependence on Russia, by rebooting its nuclear power plants.

Not investment advice! Consult a financial advisor.

Russia cuts off gas exports:
https://www.cnn.com/2022/09/02/energy/nord-stream-1-pipeline-turned-off/index.html
https://www.theguardian.com/world/2022/sep/05/russia-will-not-resume-gas-supplies-to-europe-until-sanctions-lifted-says-moscow

Nord Stream:
https://en.wikipedia.org/wiki/Nord_Stream

Germany's "inflation relief" package:
https://twitter.com/disclosetv/status/1566352899592028161

Germany to Keep Nuclear Plants in Reserve to Ease Energy Crisis:
https://www.bloomberg.com/news/articles/2022-09-05/germany-to-keep-nuclear-plants-in-reserve-to-ease-energy-crisis

Italy’s Salvini says West should rethink sanctions for Russia:
https://www.politico.eu/article/italys-salvini-says-west-should-rethink-sanctions-for-russia/

Russia to legalize crypto for international trade?
https://bitcoinmagazine.com/business/russia-to-legalize-use-of-crypto-in-international-trade

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#putin
#russia
#europe

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