Euro Slides To 20-Year Low After Putin Halts Gas Flows To Europe
ForbesJUL 2022
Day 194: Gas Prices Set to Reach Record Highs, Euro Falls to 20-Year Low; Ukraine Claims Modest Gains
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The Spin
Anti-Russia narrative
Putin has weaponized European gas supplies in retaliation for the sanctions placed on his country over the Kremlin's illegal invasion of Ukraine. Europe needs to cut its dependency on Russian gas as soon as possible.
Pro-Russia narrative
It's an inaccurate fabrication to suggest Russia cut off gas supplies for political reasons. These disruptions are caused by European sanctions which have prevented essential maintenance work from being carried out and have put the pipeline in jeopardy.
Metaculus Prediction
There's a 5% chance that Nord Stream 2 will be completed before 2025, according to the Metaculus prediction community.
