Giorgi Meloni’s election has changed the European Union adding strength to the challenges from Viktor Orban in Hungary and the new far right government in Sweden. Her victory can help Putin bring down NATO hegemony and stop sanctions. It could even force an early end to the war in Ukraine. And it might provide an interesting wrinkle in the plan within BRICS (Brazil, Russia, India, China, South Africa) to offer Debt Cancellation to the Global South. It is very likely some European nations using neither the euro nor the pound could benefit from this proposal to refuse to repay loans denominated in dollars, pounds, euros and yen.
Serbia and Croatia have an oil pipeline that is reeling from EU sanctions.
Suppose Meloni decides to take advantage of Putin’s discount oil for gold policy and her neighbors across the Adriatic join her. Hungary is landlocked but borders Croatia, Serbia and Slovenia…
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