Jaroslav Nebesář

Economic consequences of the cold peace with Russia

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Russia finds itself in a similar situation as interwar Germany. A war is not imminent, but a cold conflict could arise and impoverish the Russians and the Europeans alike. It is symbolic that nobody else but the Germans offer today an open hand towards Russia with an EU-Russia free trade deal. Russia should accept it. Otherwise, both Europe and Russia will severely lose out. History teaches us how and why.

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