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MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think

Macro Voices

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The Energy Crisis Is Only Set to Get Worse

I don't see policymakers changing direction as you say there if anything just trying to defend their policy mistakes rather than correcting course I predicted early in the summer that Putin would wait till October or so and turn the gas off turns out he did it in September. It seems from everything I'm hearing it would not be possible for anyone other than a state actor to have done this attack on the pipeline That's going to create more hardship than most people realize is coming for Europe in the next two years how much hardship is that? Are we talking about existential threat to the European Union and or the currency are we just talking about a really bad recession what does it mean it means a very bad recession, says

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