@Hutch
Totally agree with that. I would add that the problem of the war in Ukraine is just the icing on the cake. Politicians and European society are taking charge at forced marches of destroying the productive fabric, regardless of the conflict in Ukraine. They are putting all kinds of obstacles to production, prohibiting certain fertilizers due to contaminants, when we later import products without any type of control in their production, cheaper. Production costs rise and the result is less productivity and more expensive, that is, greater scarcity, which implies an increase in inflation. Inflation occurs not only due to increased demand, but also due to decreased supply. In Europe both things have come together, with an excessive printing of money, especially since 2008. However, only the demand side is being attacked by raising interest rates, nothing is being done to try to lighten production costs. I know farmers who have not been able to subsist for a long time without state subsidies, firstly because these subsidies have not been used to make their farm competitive and secondly because their production costs have increased significantly. With the rhetoric of climate change, Europe has loaded its automobile sector, everything has been oriented towards renewable energies, relying on natural gas, which is not available in Europe. Demand increases with an unleashed increase in immigration, which is tied electorally by subsidies.
Europe is governed by theorists of how things are done, all of them coming from wealthy families or becoming nouveau riche, at least in Spain, they have never had to struggle in the free market, working to earn a living, fighting to raise a business. That's why it costs them so little to close deals. In the Netherlands, more than 3,000 productive farms are going to close to comply with climate protocols. Many industries are leaving Europe in the face of the dramatic increase in energy costs.
In Europe it is dying from the stupidity of conceited rich class in command.