Summary/Overview After the UK’s Boris Johnson and France’s Emmanuel Macron, who lost parliamentary elections, Italy’s Mario Draghi appears to be the third victim of unintended consequences of the Ukraine war. Ukrainian President Volodymyr Zelensky is fast losing allies – to the obvious delight of Russia’s Vladimir Putin. In Germany, Olaf Scholz’s government is teetering as his center-left coalition has lost its 50%-plus majority in recent polls. Gazprom says the Nordstream 1 pipeline is being repaired but it is unable to forecast when it will resume operations. July 22 is the key date. If it’s missed, Germany must draw down on...
