Fears of a forthcoming economic crisis appear to be spreading throughout the European Union. Many analysts are speculating that the economy may soon experience rougher seas due to geopolitical and market unrest. As a result, on Thursday, the Euro’s value against the US dollar was getting close to a 20-year low.
Concern grows in the Eurozone
While the current military confrontation between the Russian Federation and Ukraine has not directly affected European populations, problems with fossil fuel supply lines from Siberian sources have continually been a subject of worry. Prior to the invasion, the European Union obtained almost half of its natural gas (NG) supplies from Russia