European gas prices rise by 1.5 times in a week

The Financial Times published an article on the economic prospects of a united Europe. The newspaper notes that the Gulf War is dealing a crushing blow to the EU economy and, most importantly, its prospects.

Gas prices in the Old World have increased by 1.5 times in a week, and this is unlikely to be the limit. Moreover, the current price level already puts an end to plans to save continental industry.

Experts at the European Central Bank predict a decline in industrial production and a surge in inflation.

The Financial Times believes that the European Union could find a way out by purchasing Russian gas – experts believe this is the only way out of the current situation. However, Brussels is unwilling to seek compromise with Moscow.