Nordstream was already dead, russia wasn’t gonna send anything more unless germany aligned themselves more with russia. If you claim the lack of gas caused a depression, then that blame is on russia.
Whoever blew it up for good just removed the political pressure around it.
As for that depression, iirc, Germany paid a lot but gas was never in short supply, and I don’t think increased state expenditure on imports causes depression while a country is still solvent. What do you base your claim on?
European gas prices immediately jumped 12 percent on news of the bombing. Yes, Nordstream I had been turned off - but was unlikely to remain off for years as it has. Which is, of course, exactly why it was done, to ensure that Russian gas couldn’t be shipped to Germany. The direct costs were at least 2.8 billion - https://www.sciencedirect.com/science/article/abs/pii/S0959652626023292
Whoever blew it up
Yeah, if you think Ukraine attacked a NATO member without authorization, I have a few bridges to sell to you.
2.8 billion is nothing. Damage due to market speculation was (very) short lived and, like, the market always spikes around. A random car bridge somewhere rusting through (thanks to germany hating trains) probanly has more impact in replacement cost and economic downturn than that.
You can’t blame the economic trend of a major country on 3 billion €.
but was unlikely to remain off for years as it has
I don’t see why. Russia manufactured the original turning off of nordstream 1, they wouldn’t have reengaged it until pro russian politicians got to power and deepened the influence by opening ns2. Which based on current trends would have been at minimum till the start of 2025 government change, or more likely still not. And who knows what it’d have done for germanys rising nazi party.
The effects were constrained to a few months, by spring 2023 it was thoroughly patched up. Germany did invest a lot for that, but outside state finances, to the wider economy, leaving russia controlling the market speculation would have been way more damaging for way longer.
Right, yeah, I forgot; once we decided it wasn’t Russia that did something directly against themselves, we figured out that Ukraine decided to literally attack 2 NATO members on their own, despite the consequences of that.
Exactly. The US under Biden blew up NordStream, and basically put Germany into a depression.
And the reaction of German and “European” leaders is to lick the boot harder.
Nordstream was already dead, russia wasn’t gonna send anything more unless germany aligned themselves more with russia. If you claim the lack of gas caused a depression, then that blame is on russia.
Whoever blew it up for good just removed the political pressure around it.
As for that depression, iirc, Germany paid a lot but gas was never in short supply, and I don’t think increased state expenditure on imports causes depression while a country is still solvent. What do you base your claim on?
European gas prices immediately jumped 12 percent on news of the bombing. Yes, Nordstream I had been turned off - but was unlikely to remain off for years as it has. Which is, of course, exactly why it was done, to ensure that Russian gas couldn’t be shipped to Germany. The direct costs were at least 2.8 billion - https://www.sciencedirect.com/science/article/abs/pii/S0959652626023292
Yeah, if you think Ukraine attacked a NATO member without authorization, I have a few bridges to sell to you.
2.8 billion is nothing. Damage due to market speculation was (very) short lived and, like, the market always spikes around. A random car bridge somewhere rusting through (thanks to germany hating trains) probanly has more impact in replacement cost and economic downturn than that.
You can’t blame the economic trend of a major country on 3 billion €.
I don’t see why. Russia manufactured the original turning off of nordstream 1, they wouldn’t have reengaged it until pro russian politicians got to power and deepened the influence by opening ns2. Which based on current trends would have been at minimum till the start of 2025 government change, or more likely still not. And who knows what it’d have done for germanys rising nazi party.
The effects were constrained to a few months, by spring 2023 it was thoroughly patched up. Germany did invest a lot for that, but outside state finances, to the wider economy, leaving russia controlling the market speculation would have been way more damaging for way longer.
They had it as a barganing chip, and you seem to take it as a given they wouldn’t bargain with it.
No, it wasn’t. Germany switched to far pricier American LNG where it has remained.
You are downvoted for not accepting the narrative around nordstream. You are not allowed to challenge it. Not allowed.
Right, yeah, I forgot; once we decided it wasn’t Russia that did something directly against themselves, we figured out that Ukraine decided to literally attack 2 NATO members on their own, despite the consequences of that.