In 2008 Eastern Europe was caught up in the global financial crisis. In 2021 it was hit late by the COVID crisis. In 2022 Eastern Europe is in the frontline of the conflict with Russia over Ukraine. Following the Russian invasion of Ukraine, Eastern Europe and Poland in particular are facing a gigantic refugee flow.
Interesting to see how Poland's reluctance to join the Euro fits in with their Constituional Court's recent decision that ECHR does not have jurisdiction over recent changes to the judiciary. While there are plenty of economic arguments against joining the Eurozone as set up now, their refusal to integrate in the European juridical system seems a lot less defenseble.
Is anyone thinking about a full-scale realignment of trade? If Russia is permanently pushed out of the WTO (if that's even possible) and if China continues to side with Russia in this continued genocide, can the world readjust trading practices and alliances? Would this open new opportunities, or is it most likely that everyone returns to 'business as usual' until Putin invades yet another sovereign country? I guess I'm asking whether other options, albeit challenging in the short-term) are even possible?
Interesting to see how Poland's reluctance to join the Euro fits in with their Constituional Court's recent decision that ECHR does not have jurisdiction over recent changes to the judiciary. While there are plenty of economic arguments against joining the Eurozone as set up now, their refusal to integrate in the European juridical system seems a lot less defenseble.
Polish Central Bank Chief is rather funny. "When the war is over.....". LOL.
Is anyone thinking about a full-scale realignment of trade? If Russia is permanently pushed out of the WTO (if that's even possible) and if China continues to side with Russia in this continued genocide, can the world readjust trading practices and alliances? Would this open new opportunities, or is it most likely that everyone returns to 'business as usual' until Putin invades yet another sovereign country? I guess I'm asking whether other options, albeit challenging in the short-term) are even possible?