Such was the happy hour chatter at the Gallery in IMF’s headquarters in downtown Washington DC last weekend. The IMF’s annual Spring Meetings in Washington, which ended Sunday April 16, had everyone talking about a possible recession in Europe and the US. Who will suffer, besides the obvious target? There are loud whispers of more sanctions to come out of Europe.
And in the right conditions, these things can lead to big brush fires. There is a lot of heat under the surface of the soil. East Ukraine’s smoldering demise is somewhat symbolic of what is happening in Europe. As we are told, the Ukraine war is a European war. Their economy, already on IMF life support, is in ruins. Russian President Vladimir Putin cited the Minsk Accords’ failure, as giving Russia the excuse to level much of what was once Ukraine’s manufacturing heartland. It’s been over a year since Russian tanks and troops rolled into Ukraine, following roughly seven years of stalemated negotiations between the two separatist republics in the Donbass, Ukraine, and the two European mediators, France and Germany, in Minsk. (Photo by LUDOVIC MARIN/FRANCE TELEVISIONS/AFP via Getty Images) FRANCE TELEVISIONS/AFP via Getty Images Macron agrees that China needs to play a peace keeper role, and said Europe may have to "be independent" on Ukraine.
Caroline Roux in front of pictures of Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin on October 12, 2022. French president Emmanuel Macron speaks during an interview by French journalist and TV host.
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