Europe has been living beyond its means. Now the bills are due

One more argument to stop wasting money on wars of any kind, either weapons or economic wars.

Paywalled, so I can't read the entire thing. But I'm sure it's very a nuanced piece that takes into account the effects of Russia's war in Ukraine & America's war in Iran on energy prices and the wider economy. And things like US-based megacorps not paying much in terms of taxes. Or the effects of Russian propaganda on elections...