EU Top Banker Lagarde Predicts Long-Term Downturn, Insists German Economy 'Not Broken'

Countries around the world were thrust into a period of dramatic economic turbulence last year after the long-running crisis in the Donbass escalated into a full-on NATO-Russia proxy war in Ukraine, with Europe bearing the brunt of the burden and falling into recession after voluntarily stripping themselves of access to Russian energy.