On: Sri Lanka is having a textbook currency crisis, triggered by policy mistakes

[shp0ngle]

Yeah. Europe is learning this the hard way too. We cannot drastically shift to “green” and then buy everything “not green” from our adversaries!

Although the crisis is not nearly as bad as in Sri Lanka. Sri Lanka now needs to import rice, even when they were an exporter before!

[oblio → shp0ngle]

Europe had a ton of time to convert. The push was not strong enough, especially during the rather long economic boom (circa 2012 - 2019).