Yves here. Michael Hudson was interviewed Thursday on MEGA, a German news radio program, focusing on the economic impact of the war with Russia on major players, particularly Europe. We have a translated transcript below and will embed the YouTube version (in German) which is expected to be posted early next week.

Boxed in, the European Union is failing the test of the war in Ukraine.

Officials are unhappy with the Inflation Reduction Act and its subsidies that could drive investment out of Europe

The Russo-German relationship is essential for shaping the broader environment that European states inhabit.

If the Europeans were willing to buy, would the Russians be willing to sell?

The French president can borrow a phrase from Charles de Gaulle and say ‘non’ to Ukraine joining NATO.

Brussels is conspicuously absent from critical talks with Moscow

The gas crisis in Europe has added yet another dimension to a global crisis, with many well-known experts predicting that the worst is still to come.

The perception of the US as a threat is rising globally. From 2013 to 2018 it rocketed up by 80 percent. For a similar period of time fear of Russia and China went up only by 9 and 3 percent respectively. World tensions overall have even increased since that period.