When Will Interest Rates Stop Rising? Now Would Be Good
TimeJUL 2022
The EU’s energy relationship with Russia is at the center of its economic struggles, and leaders have been slow to acknowledge this. European economies are on the brink of recession, and skyrocketing gas prices as a result of reckless Western sanctions will likely be the breaking point. Aid packages such as Spain's latest one is merely a band-aid to cover the gaping hole that is Europe's energy crisis.
Europe is indeed facing an energy crisis — an unavoidable reality as Putin uses oil to bully his way through the war. While it's impossible to avoid the economic repercussions of this, aid packages will go a long way to alleviating the pain. This latest plan will provide much-needed relief for thousands of Spaniards.