Odile Renaud-Basso says the current scenario will dampen growth and push up inflation in the countries where her institution operates, but that the economic repercussions of a drawn-out war will be “much more serious.” The President of the European Bank for Reconstruction and Development has warned of a “much more serious economic impact” on the EU if the war in the Middle East escalates after diplomatic efforts between the US and Iran to reach a deal fell flat. [...]