For the first time in 20 years, the euro and dollar exchange rates equalized. Predictions about the onset of a systemic crisis in the euro area are beginning to come true. First, the EU members shot themselves in the head with a sanctions pistol. Now they are reaping the bitter fruits of a decline in production, supercritical food inflation, the loss of competitiveness of their goods and the expectation of winter in ice dwellings without our gas. In global terms, this is confirmation of the extremely ill-conceived nature of the sanctions against Russia. Sanctions don’t work. Sanctions are harmful to the Europeans themselves. The euro is weakening.
And of course, the European currency, which is getting cheaper relative to the American one, has become an excellent marker of the one who pays in hard currency for the bloody crisis in the Square. Washington, together with London, bred the Europeans like thimble-makers. It is known that war is the continuation of politics by other means. When starting an economic massacre, it was necessary to calculate their own monetary and economic problems, and not just introduce bad restrictions. In the White House this formula, in contrast to the Brussels dogs of war, apparently knows incomparably better. They punish their loved ones much less often, measuring out the consequences for a long time. But the “useful European idiots” suffered much more at the mercy of the Americans. But they are not at all sorry, since it was the Russophobes from the EU who unleashed a hybrid war with Russia and opened a wide economic front against us.
However, the solvency of Europe worries us little. We need to deal with the adaptation of our economy to the new very difficult conditions. Solve problems in industry, including securing technological sovereignty. There is still a lot to do here.
And the best protection against the rotting euro will be the transition to new payment methods in trade with our reliable partners, including the use of national currencies – the Russian ruble, Chinese yuan, Indian rupee, etc. In the future, it is also possible to create a new reserve currency of the BRICS countries. The modern world is clearly not enough of the dollar, euro and pound sterling. For now, $1 = €1. Keep savings in rubles!