is the equivalent of Nixon going to China.
No one else could have made that move.
But having made it, everyone is on board.
The popularity in Germany,
even given the massive
economic consequences,
is extraordinary and is across the board.
And what they need to do now
is ensure that the diversification
of fossil fuels in the near term
away from Russia,
towards Qatar and Azerbaijan
and even, you know,
sort of the United States for LNG,
can be done as fast as humanly possible.
And that further, even though
it’s going to cost a lot,
some of it will be uneconomic,
the move towards renewables
actually picks up and is faster.
The Italians, Mario Draghi,
I think his shift in strategic
orientation that they will do,
this is his "whatever it takes" moment.
He had that in response
to the 2008 financial crisis
as the head of the European Central Bank,
and that made him “Super Mario.”