Putin: Ever Pushing Euro Down

Chart shows the effect of Russian invasion of Gergia and Ukraine on the Euro. In the previous two attacks (2008 & 2014) the Euro went down around

• 30%
  

. Of course the whole downturn of the Euro can not squarely be put on Putin, taking into account the devastating effects of the 2008 financial crysis, but it is clear that it has a lot of downward effects none the less.

The European economy before the current invasion was not of course great, and COVID rect havoc everywhere especially in bunkerred down Europe. Now that the effects of the coronavirus is diminishing and Europe tries to recover, Putin happens again.

So, are we heading for another 30% downward move on the Euro, seeing once again € at ¢80? With the devstating effects this war is causing all over the Europe, we afraid even worst.