The only thing that does not exist in this conflict is balance, nor is there equivalent forces, but a hard lesson in realpolitik. Winter is just beginning and it will be towards the end of January when Russia asserts its weight in the energy market. European allies will have to reassess their support for the performer leading Ukraine. Before the speech, there is the well-being of its citizens, who have been enduring the severe consequences of the sanctioning measures. The harmful effect of the war on the economies of the members of the European Union has deeply penetrated the population. It is difficult for those on foot to tolerate the gesture of solidarity for much longer, the political cost has loomed and it does not seem payable.
The measure that will break the inertia has already been adopted, the price boycott will be combated with a reduction or elimination of the sale of hydrocarbons at particularly difficult times. But this will be followed by other measures that will show how the two giants, whom the war has made allies, have managed to integrate, asserting synergies that they have detected.
It is also clear that the government of the United States, beyond a notorious lukewarmness, does not succeed in adopting measures that have a decisive or defining effect in the contest, although it is evident that it already warns that Taiwan will be the new apple of the discord. It’s hard, but you have to accept it, Biden will privilege the destiny of this country over that of the former Soviet republic.
Weak consumption and low activity in Europe will result, before spring, in a recessive process that will spread to other countries, including ours, with tourism being the first affected. The export of perishable goods will follow, ending with a withdrawal of investments from the old continent in America. That’s right, far from growing transcontinental ventures, there will be strong pressure to concentrate efforts in the country that is home to the parent company and the most profitable segments of the clientele.
In our case, the case of banking stands out. It is clear that the absurd financial margin that we Mexicans pay will allow banks around the world to continue seeing Mexico as a land of conquest, since, although the president says otherwise, he has done nothing to adjust the disproportionate differential that causes enormous profits in favor of the banking consortiums, while keeping interest rates at an unaffordable level for sectors seeking to overcome the harmful effects of the pandemic.