Anything other than a happy ending just couldn't happen with Spice and Wolf (and just didn't happen).
Holo's own development through the light novels actually fixes the issue itself. She progressively comes to accept that she can't run away from her love for Lawrence out of fear of the future, deciding more to live and enjoy the present reality they had together. She wants to be with him, he wants to be with her. Behind all the economics, backstabbing and political intrigue, that remains the heart of S&W.
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