The European Commission estimates the Iran conflict has cost Europe roughly €100 billion ($112 billion) through disrupted trade and energy markets.
PARIS/ROME/BERLIN – The tractors rolling into the town of Gela on the southern tip of Europe are flying the Sicilian flag, emblazoned with Medusa, three bent legs and ears of wheat, a reminder of the island’s role as a breadbasket since Roman times. But the farmers are not bringing in a harvest. As soaring fuel prices squeeze household budgets and businesses across Europe, cost-of-living pressures are driving unrest and giving fresh momentum to far-right parties ahead of elections next year in countries including France, Italy and Poland.
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