News for hackers. Stuff that matters.
Re:Euro falls below parity with the dollar by HatchedLake721 on Monday August 22, 2022 @10:50AM (#32552258)
What's the definition of "major war"? It's the biggest war on the continent since WW2 where two countries with 100,000s of soldiers fight each other with modern weapons.
Re:Euro falls below parity with the dollar by mytailorisrich on Monday August 22, 2022 @11:12AM (#32552584)
People tend to forget Yugoslavia, which was really in the heart of Europe and killed about 150k people.

There is a lot of hyperbole about Ukraine, not least because of Russia but so far it is not intrinsically disruptive outside of Ukraine's (and Russia's) borders beyond the disruption to Ukraine's exports (e.g. wheat). The disruption to gas supplies on Europe is mostly self-inflicted and not an intrinsic consequence of the war.

Re:Euro falls below parity with the dollar by s1artibartfast on Monday August 22, 2022 @01:49PM (#32554806)
>The disruption to gas supplies on Europe is mostly self-inflicted and not an intrinsic consequence of the war.

If Europe wanted, they could simply go back to business as usual and ignore the war entirely.

It's surprising that people forget that the EU initiated the financial war with Russia

Re:Euro falls below parity with the dollar by makomk on Monday August 22, 2022 @02:30PM (#32555306)
The EU's financial sanctions on Russia were pretty obviously structured to make it as difficult and painful for Russia as possible to stop selling gas to Europe. In particular, the seizure of their foreign reserves - which they were not expecting to happen, and which they were likely counting on to be able to use gas supply as leverage like they have before - means that the only way to get hard currency to spend on things is by continuing to sell gas. Also, what people don't realise is that Russia was clearly preparing to use control of Europe's gas supplies as a weapon even back in 2021, reducing supplies and depleting their storage in a way that couldn't be explained at the time.
Re:Euro falls below parity with the dollar by KingOfCoders on Tuesday August 23, 2022 @07:46AM (#32563392)
I don't think people forget the war in Yogoslavia, I have two friends who fled with their parents to Germany.