"Now, Russia's oil infrastructure is pointing east — and its gas infrastructure will also soon be pointing east, as well as west," said Liam Halligan of Prosperity Capital.

“现在，俄罗斯石油的基础设施正在指向东方-同时它的天然气基础设施也将很快会指向东方，也指向西方”，繁荣资本公司的利亚姆·哈利根(Liam Halligan)说。

youdao

As per Liam Halligan in the Sunday Telegraph: there is no such thing as a "risk-free rate" set by sovereigns anymore, and you get an unsustainable hike in the bank borrowing rate in Italy which sinks the aforementioned Italian banks and then the contagion spreads to France.

BBC: Italy: 'Hang on lads, I've got a great idea��'