"The cash that the governments printed via negative interests to give to the VCs and to real-estate owners really skewed the local market as well (thus increasing prices)."
Finally someone who undestood this was not linked to the war in Ukraine, but to the policy of the ECB to print money at will.
Are you saying that it's "not links" and that Ukraine did not have an impact on energy prices? That does not seem plausible but I may be misreading you.
Finally someone who undestood this was not linked to the war in Ukraine, but to the policy of the ECB to print money at will.