The Big Picture

Cracks in Europe?

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  • Heading into winter, questions are growing about EU unity on support for Ukraine.
  • Polls still suggest broad backing for sanctions on Russia, but with support potentially weakening as personal costs rise.
  • Any US wavering could have a domino effect, weakening Europe’s resolve. Combined, that could lead to pressure on Ukraine to agree a settlement with Russia.

At face value, Europe’s resilience to the Ukraine crisis looks shaky. Protests about the economy are a regular fixture. Strike action is on the rise, along with warnings about deindustrialization as high gas prices force some European plants to shut down. Brussels’ relatively slow disbursal of aid to Ukraine is cited by some as a sign of wavering resolve. The emergence of right-leaning populist governments is seen as another.

Policy and Regulation, Macroeconomics , Elections, Sanctions, Security Risk , Ukraine Crisis
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