Euro sign at the ECB in Frankfurt
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Markets · Opinion

Draghi’s promise is at stake

Euro sign at the ECB in Frankfurt

President Biden and Olaf Scholz, the new German Chancellor, are not on the same page regarding Nordstream 2. Biden threatens that no natural gas will flow through the pipeline if Russia invades Ukraine. But for Germany, Moscow is much closer and Scholz will realise that 40 percent of all natural gas in Europe comes from Russia.

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