Die Welt — Cost of sanctions for Europe" 100 billion euros

Mike Norman Economics 2015-07-01

The numbers.
According to a calculation by the Austrian Institute for Economic Research (WIFO), there are more than two million jobs and 100 billion euros worth at risk.... 
The scientists' study, done exclusively for the Alliance of Leading European Dailies (LENA), assumed a "worst case scenario." "The export failures that we had assumed last autumn at worst, are now a reality," says Oliver Fritz, one of three authors of the study. The sanctions against Russia and the Russian response played a decisive role. "If the basic situation goes unchanged, our most pessimistic scenario is foreseeable." 
Fort Russ Die Welt: Cost of sanctions for Europe" 100 billion (100,000,000,000) euros
There is a video in English at this site Jörg Eigendorf, Andreas Maisch, Eduard Steiner, Andre Tauber Translated from German by Tom Winter