Europe’s economy is slowing sharply as the Iran war drives up energy costs, deepening pressure on households and challenging policy makers. Fresh data for May showed euro zone business activity contracted at its fastest pace in more than two years while inflation pressures intensified, raising fears of a prolonged cost-of-living crunch and possible recession.

  • panthera_@lemmy.today
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    20 hours ago

    Europe will get together with Russia if it benefits it. Getting together on Iran might improve their relationship enabling them to reach a peace deal on Iran.

    Europe and China would escort ships through the Strait of Hormuz. The addition of Russia would be a more formidable force.

    Breaking the dependence on fossil fuels will take many years.

    • trxxruraxvr@lemmy.world
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      10 hours ago

      The addition of Russia would be a more formidable force.

      Russia hardly has any navy left. But even if they did, Putin can not be trusted not to screw Europe over every chance he gets.

      • panthera_@lemmy.today
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        1 hour ago

        Actually, if Europe, China, and Russia reach an agreement with Iran, Trump might be happy since the war would be over and prices will go down.

        Russia doesn’t have much of a navy, but the sight of European, Chinese, and Russian warships escorting vessels would be a powerful deterrence from attack.

        The purpose should be ending the war in Iran. Ukraine should not be connected.