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🔮   Europe and Britain at the precipice

Politics

The "peace talks," that were meant to take place in London on Wednesday, 23 April, collapsed as US State Secretary Marco Rubio and Trump's envoy Steve Wytkoff cancelled their attendance. Instead, Wytkoff will be heading to Moscow for his fourth meeting with Vladimir Putin. This will prove to be a watershed moment for European powers, dashing their last hope that the US will step up and provide an open-ended security guarantee for a Zelensky regime, or another western-aligned government in Kiev. I believe that this will ultimately precipitate a momentous credit market event for Europe, and trigger an irreversible crash in European financial markets.

SOTT     Apr 26, 2025