Stupidity is active in every direction, and can dress up in all the clothes of truth. Truth, on the other hand, has for every occasion only one dress and one path, and is always at a disadvantage.
Robert Musil
Sanctions Could Hurt the West’s Middle Class More Than Russia, Warns German Economist
Western countries and their closest allies imposed new sanctions on Moscow after Russian troops crossed into Ukraine on February 24 in what Moscow calls a special military campaign to demilitarise the NATO-aspiring country. Although the EU enthusiastically followed Washington’s lead in engaging in an economic war with Russia, the harsh realization of sanctions are beginning to set in, with Greek Prime Minister Kyriakos Mitsotakis telling CNN on March 25, when referring to rising energy costs, that “Europe must be very careful not to allow them [sanctions] to harm Europe more than Russia.”
A similar sentiment was shared by German economist Aika Hamer, who said that the EU could face backlash from anti-Russian sanctions and warned that if the German economy collapses, then the whole of Europe will fall apart.
“If the German economy collapses because of these measures, then the whole of Europe will fall apart,” he said. “We may face the fact that diesel fuel or gasoline will cost €4-5 or even €6 per liter. We may also face the fact that most Europeans will no longer be able to afford to drive. Without this, the great prosperous West is nothing more than an illusion.” Hamer also noted that the losers in this situation “will be the middle class and the poorest people in Germany, Europe and the United States.”