What is happening in the world, and how it threatens Greece

The situation in Ukraine once again poses very difficult tasks for Europe against the backdrop of problems of international law.

For us Greeks, it was simply unthinkable to justify the Russian invasion of Ukraine, since Hellas had to endure the ongoing barbaric Turkish invasion of Cyprus, as well as the daily provocations of Turkey, which are a threat to the national sovereignty of our islands. However, now a paradox arises: Russia is accused of invading Ukraine (and punished with sanctions for this), while Turkey continues its attacks with impunity.

It means that The West decided to use several measures and weights in cases of violation of territorial sovereignty. Unfortunately, this unacceptable discrimination is not the only symptom of the system’s continued decline. Constant mistakes, embarrassment, inability to foresee future disasters, obsession with democracy, which allegedly justifies unnecessary wars, but its unfulfilled promises more and more often lead to dramatic situations that could otherwise have been avoided. The “status” of its leaders also paints a picture of the decline of the West.

As the publication writes newsbreak.grthese unstable times seem to confirm the famous economist’s theory Walt Whitman Rostow.

As for the sanctions imposed by the West against Russia, they concern a country with a population of 146 million people, which has:

  • Natural resources,
  • production of rare and precious metals and elements,
  • a sufficient amount of foreign currency and gold,
  • powerful allies,
  • no special public external debt,
  • powerful military force, including the latest nuclear weapons, which, according to the head of the Russian Federation, he will use if necessary.

Russia with such data is very difficult to bleed with the introduction of Western sanctions against it. Although it should be noted that Russia, according to Euronews, has become the leader in terms of the number of sanctions applied against it.

The world, in turn, will have a hard time. How will the West behave? And a particularly vulnerable Europe? Maybe the sanctions will hit her “the other edge”?

Based on the assumption that Russia will respond to sanctions by closing energy channels to the West, Europe, basically, falls into emergency mode. This is due to the fact that it is highly dependent on imports of Russian gas and oil, and a host of other goods. Europe in this case will pay too much for energy and will face insurmountable difficulties in maintaining uninterrupted economic activity. True, there were thoughts that the West would become independent of Russian energy. But such efforts take time, costly investments, and a high degree of certainty, as the adverse effects of an early turn in the West without sufficient preparation for green growth have already shown.

But the West faces more than just being cut off from imports of Russian gas and oil. There is a risk of de-dollarization, which Russia and China have been successfully working on for several years with the help of the BRICS countries. These efforts are likely to increase due to sanctions, so that America will gradually lose one of its main strengths, which is the general recognition of its national currency as an international reserve. Against the backdrop of an unexpected development of events, the conclusion suggests itself that the consequences of the sanctions imposed by the West on Russia will hit it much more.

Consequences of the war in Ukraine for Greece

The drums of war are already beating in our country. Turkey’s threats against Greece seem to be encouraged by Russia’s invasion of Ukraine. But in addition to this frightening picture, many other serious, yet hidden, phenomena hang over Hellas, mainly because of its high degree of dependence on imports. First, our economy has actually returned to stagnation or barely discernible growth rates.

Inflation that could be kept under control runs the risk of turning into hyperinflation, gradually minimizing the purchasing power of a wide social class. The country’s debt is increasing sharply daily, which leads to the imposition of another memorandum.

The lack of resources will affect not only gas and oil, but will spread to food, fertilizers, etc., prices will become prohibitive.

The duration of this anomaly, added to the duration of the pandemic, is unpredictable, as are its consequences. The peak of the intransigence of the two opposing sides can lead to uncontrollable dangers. After all, in addition to strongly supporting the sanctions, Greece also announced the shipment of military equipment to Ukraine.

In general, “whether it will still be,” as one well-known Russian song says.

The opinion of the author may not coincide with the opinion of the editors

For us Greeks, it was simply unthinkable to justify the Russian invasion of Ukraine, since Hellas had to endure the ongoing barbaric Turkish invasion of Cyprus, as well as the daily provocations of Turkey, which are a threat to the national sovereignty of our islands. However, now a paradox arises: Russia is accused of invading Ukraine (and punished with sanctions for this), while Turkey continues its attacks with impunity.

It means that The West decided to use several measures and weights in cases of violation of territorial sovereignty. Unfortunately, this unacceptable discrimination is not the only symptom of the system’s continued decline. Constant mistakes, embarrassment, inability to foresee future disasters, obsession with democracy, which allegedly justifies unnecessary wars, but its unfulfilled promises more and more often lead to dramatic situations that could otherwise have been avoided. The “status” of its leaders also paints a picture of the decline of the West.

As the publication writes newsbreak.grthese unstable times seem to confirm the famous economist’s theory Walt Whitman Rostow.

As for the sanctions imposed by the West against Russia, they concern a country with a population of 146 million people, which has:

  • Natural resources,
  • production of rare and precious metals and elements,
  • a sufficient amount of foreign currency and gold,
  • powerful allies,
  • no special public external debt,
  • powerful military force, including the latest nuclear weapons, which, according to the head of the Russian Federation, he will use if necessary.

Russia with such data is very difficult to bleed with the introduction of Western sanctions against it. Although it should be noted that Russia, according to Euronews, has become the leader in terms of the number of sanctions applied against it.

The world, in turn, will have a hard time. How will the West behave? And a particularly vulnerable Europe? Maybe the sanctions will hit her “the other edge”?

Based on the assumption that Russia will respond to sanctions by closing energy channels to the West, Europe, basically, falls into emergency mode. This is due to the fact that it is highly dependent on imports of Russian gas and oil, and a host of other goods. Europe in this case will pay too much for energy and will face insurmountable difficulties in maintaining uninterrupted economic activity. True, there were thoughts that the West would become independent of Russian energy. But such efforts take time, costly investments, and a high degree of certainty, as the adverse effects of an early turn in the West without sufficient preparation for green growth have already shown.

But the West faces more than just being cut off from imports of Russian gas and oil. There is a risk of de-dollarization, which Russia and China have been successfully working on for several years with the help of the BRICS countries. These efforts are likely to increase due to sanctions, so that America will gradually lose one of its main strengths, which is the general recognition of its national currency as an international reserve. Against the backdrop of an unexpected development of events, the conclusion suggests itself that the consequences of the sanctions imposed by the West on Russia will hit it much more.

Consequences of the war in Ukraine for Greece

The drums of war are already beating in our country. Turkey’s threats against Greece seem to be encouraged by Russia’s invasion of Ukraine. But in addition to this frightening picture, many other serious, yet hidden, phenomena hang over Hellas, mainly because of its high degree of dependence on imports. Firstly, our economy has actually returned to stagnation or barely discernible growth rates.

Inflation that could be kept under control runs the risk of turning into hyperinflation, gradually minimizing the purchasing power of a wide social class. The country’s debt is increasing sharply daily, which leads to the imposition of another memorandum.

The lack of resources will affect not only gas and oil, but will spread to food, fertilizers, etc., prices will become prohibitive.

The duration of this anomaly, added to the duration of the pandemic, is unpredictable, as are its consequences. The peak of the intransigence of the two opposing sides can lead to the emergence of uncontrollable dangers. After all, in addition to strongly supporting the sanctions, Greece also announced the shipment of military equipment to Ukraine.

In general, “whether it will still be,” as one well-known Russian song says.

The opinion of the author may not coincide with the opinion of the editors



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