Post
Topic
Board Economics
Re: The Russian Federation may be about to make a "Corralito"
by
Poker Player
on 30/06/2022, 13:47:54 UTC
the price of fuel will reach 3 EUR per liter, so they will have to ride bicycles or use public transport.

It's ridiculous money compared to income in Europe.
In Bulgaria and Romania and Estonia it would be hard, of course.

And in Greece and Italy and Spain. Also, not everyone in countries like Germany has high incomes. High income earners won't be so affected, obviously but to call it ridiculous money is quite short-sighted because the price of gasoline affects supermarket prices, because the products are transported, and many are wrapped in plastic, many of which are petroleum derivatives.