Banknotes. Archival photoMOSCOW, 21 Apr. The euro is becoming an increasingly volatile currency. This statement was made in an interview with Deutsche Wirtschafts Nachrichten by the former chief economist of Deutsche Bank Thomas Mayer. The European Union, the expert believes, is waiting for a long-term inflation that can destroy the euro. At the same time, the European Central Bank continues to print banknotes, and in many respects is not able, and perhaps does not want to influence the situation. Inflation can have not only economic, but also serious political and social consequences, which was shown by the example of hyperinflation in Germany in early 20s of the last century. It contributed to the coming to power of the National Socialists, the expert recalls. If the situation does not change, people will start looking for a replacement for official money, Mayer concluded. China was told who is paying for anti-Russian sanctions Earlier, CNBC reported that the cessation of the supply of Russian energy resources threatens the European economy, which has not yet recovered from the COVID-19 pandemic, with serious consequences. Russia launched a special military operation in Ukraine on February 24. In response, Western countries imposed large-scale sanctions against Moscow, which primarily affected the banking sector and the supply of high-tech products. At the same time, Europe was faced with rising fuel prices and food inflation caused by it, which caused dissatisfaction among the citizens of some EU countries.
