???? To borrow on international markets huge sums of cash will be a suicide pill for the EU in the longer term.

At the end of June, Italian MPs staged a protest inside the parliament against funding Ukraine with military aid and against the war in general. Days later, Dutch farmers take to the streets to protest against new belt tightening measures by the government which will harm their businesses leading to panic. And just in the last few days, we have seen increasingly desperate measures by the EU itself which is acting like an old man who has fallen off a bike and can’t get back on.

Wounded by the credibility blow of not getting support for its all-out sanction plan to ban all oil and gas from Russia, the EU is in an unmistakable state of panic, fretting that voters have seen just how ineffective this wannabe superpower is when push comes to shove.

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