For the country that already pays the highest energy prices in Europe?
Why The Latest Russia Crisis Might Be Worse For Berlin Than Moscow And Kyiv – Germany is wedded to Russian oil and gas. If things got hot, what would Russia do?
“In the hypothetical event of a full-blown conflict between Russia and Ukraine, we would expect the main impact on the eurozone economy to stem from higher gas prices. We would expect gas prices to more than double. Eurozone inflation would hit over 6% by the spring and remain elevated longer than in our base case.”