Saturday, June 20, 2015

Die Welt — Cost of sanctions for Europe" 100 billion euros


The numbers.
According to a calculation by the Austrian Institute for Economic Research (WIFO), there are more than two million jobs and 100 billion euros worth at risk.... 
The scientists' study, done exclusively for the Alliance of Leading European Dailies (LENA), assumed a "worst case scenario." "The export failures that we had assumed last autumn at worst, are now a reality," says Oliver Fritz, one of three authors of the study. The sanctions against Russia and the Russian response played a decisive role. "If the basic situation goes unchanged, our most pessimistic scenario is foreseeable." 
Fort Russ
Die Welt: Cost of sanctions for Europe" 100 billion (100,000,000,000) euros
There is a video in English at this site
Jörg Eigendorf, Andreas Maisch, Eduard Steiner, Andre Tauber
Translated from German by Tom Winter

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