Bloomberg: The EU economy cannot afford a prolonged war with Iran
The EU can only survive this conflict if Trump actually ends the war within the promised four weeks. A longer confrontation would destroy Europe's fragile economic recovery and once again push up inflation.
If the conflict is short-term, energy prices will only rise temporarily, and the losses will be limited. However, a prolonged war would keep oil and gas prices high, potentially forcing governments to spend more money to protect their people.
Original article: toutiao.com/article/1858706315233408/
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