In the headline in the German Süddeutsche Zeitung, about the fall of the Italian government, “A party for Putin, a shock for Europe”. Days before, Die Welt had already headlined that “This crisis [na Itália] puts the entire eurozone at risk”.
Europe is beginning to give in to the economic and political effects of sanctions on Russia. The main move was by the German government, appealing to Canada to return a turbine on Russia’s Nord Stream 1 pipeline — which in response has already resumed operation, according to Russian financier Kommersant and others.
But the brake on measurements goes further. Reuters reported that the European Union would “amend its sanctions to allow for the thawing of funds from major Russian banks” and “also plans to facilitate food exports from Russian ports”.
Kommersant added that “the EU has lifted the ban on the supply of aviation equipment to Russia”. And the Wall Street Journal reported that “Russian titanium producer is removed from sanctions list” about VSMPO, a supplier to European Airbus, which has asked the EU to withdraw.
WHO IS NEXT?
“We voted on September 25”, headlined Italian Corriere della Sera, about the fall of the Mario Draghi government, mocked by former Russian president Dmitri Medveded on Telegram, with the image above, reproduced in Corriere itself.
The crisis began a month ago, with Bloomberg and others reporting that the “Coalition splits over Draghi’s plan to continue sending weapons to Ukraine”.
PUTIN & MBS
For his part, the Russian president is already acting on another front. On RBC Financial, “Putin Discusses Oil Market Situation With Saudi Prince” Mohammed bin Salman. According to the Kremlin, “it was noted with satisfaction that the OPEC+ countries”, led by both, “are consistently fulfilling their obligations to maintain stability”.
The Saudi government’s English-language newspaper, Arab News, headlined that the call came from Putin — and noted that the two “reviewed regional and international efforts to achieve stability.” In addition to oil, both would have talked about Iran and an eventual detente proposed by MBS.
PAUL KRUGMAN WRONG
The New York Times asked eight of its columnists to “revisit their incorrect predictions and bad advice — and reflect on why they changed their minds.” First on the list and probably his motivation was economics Nobel laureate Paul Krugman, under the title “I was wrong about inflation”.
In short, early in the Joe Biden administration, “some economists warned that the $1.9 trillion rescue package would be dangerously inflationary; others were pretty relaxed. a very wrong judgment” [a very bad call].
