[ShivShankaran]

And most prime ministers and defence ministers of "allies" are resigning left and right. Something deeper is most likely that they don't want to be involved in this region conflict and be on leash of US.

EU made the mistake of following US into middle east and syria which blew up in their face with millions of refugees pouring in.

Getting involved in this RU-UKR war is the mistake to end all mistakes. There is no coming back from this. The world is polarized and EUR/USD is going to take a lot of pain.

EUR was created to offset some of the leash that US had on Europe and that's also tightening now.