The European Union was in big trouble long before Britain voted to leave in 2016 (and finally left in 2021), the financial strain of a basketload of economic basket case nations relying on Germany's industrial powerhouse economy to support them was starting to fray the threads of unity that held the then 28 member - state together which the loonytoons green energy poicies and politically correct approach to immigration and other social issues imposed by the technocrats in Brussels were dividing nations internally as well as against each other. But somehow the Brussels elite and their loyal supporters in member state governments managed by a mixture of bullying and manipulation to hold thins together.
But they cannot continue business as usual for much longer it seems. The Russia -Ukraine conflict is taking a toll on the Euro-zone and it could result in finally pushing the Union into the abyss. Every problem emanating from Russia's invasion of Ukraine is amplified for the region which was already struggling economically and politically. Soaring energy prices and out-of-control cost of living increases combined with stagnate growth and a growing trade imbalance with China and India you have the recipe for disaster. And then there is the inevitable runaway inflation that is the inevitable result of the insane money - printing exercise formally known as the COVID pandemic response.
A report publishd by Reuters this month shows the Euro-zone year - on - year inflation rate surged to yet another record high in May to to 8.1% in May from 7.4% in April. Energy costs due to the sanctions imposed on Russia in retaliation for the incursion into Ukraine are no longer the only factor pushing up the figure. Excluding food and energy prices, inflation rose to 4.4% year-on-year from 3.9%. This pressures the European Central Bank to bump up interest rates further. Unfortunately with Germany and several other EU nations being forced to ration domestic fuel, while transport costs have led to problems with food distribution and empty shop shelves, such a move ought to be unthinkable. Europe's economic war with Russia has highlighted just how weak Europe is.
Should Ukraine conflict drag on, as it may with EU and NATO member states supplying the suicidal nutcases in Kiev with high tech military hardware thus enabling them to prolong the war, Russia could completely cut off gas to Europe. Currently it appears Russia intends to keep Europe from restocking its storage facilities, which will cause widespread hardship substantially increase Russia’s leverage in the winter months. In the past three months Russia has cut off gas supply to several European countries that refused to pay for gas in rubles and has also substantially reduced the flow through the Nord Stream. This has cut off supplies to France and reduced flows to Germany by some 60 percent.
With inflation at 4 times the ECB's 2% target, policymakers face the toxic mix of raising rates and a shrinking economy. Trapped between galloping inflation, and political instability due to economic chaos and hoping to tame inflation, ECB President Christine Lagarde is moving to raise rates. Some policymakers and economists doubt small moves will be enough, especially since underlying inflation is showing no signs of abating.
Due to supply chain problems in the wake of the pandemic, then as a result of Russia's war in Ukraine, prices have been soaring across Europe. This suggests the years of of ultra-low inflation are at an end. What many economists tried to blow off as a transitory blip prices has now become embedded in the economy. The fear is that once high energy prices filter through into the general economy, inflation will get entrenched and eventually perpetuate a price-wage spiral.
Data from the European Union's statistics agency, Eurostat shows the euro zone's trading account swung to a record deficit in January from a surplus a year earlier as the cost of imported energy increased. The euro-zone's trade deficit in goods, the difference between exports and imports, was 27.2 billion euros ($30.17 billion) in January, compared with a EUR10.7 billion surplus the same month a year earlier.
Euro-zone governments are already facing all these problems, the last thing they need is another refugee crisis on a par with the influx of illegal migrants in 2015. This time the invasion is caused by food insecurity across Africa the Middle East and South East Asia and the threat of an energy-scarce winter as 2022 comes to a close. The EU abandoned all structural reforms in 2014 when the ECB started its quantitative easing program (QE) and expanded the balance sheet to record levels. Considering the above, it is difficult to remain optimistic that The European Union is on the right track. Member nations are aware of this and are becoming more inclined to ignore Brussels imposed policies and go their own way.
RELATED:Putin, Macron To Hold Urgent Talks To Halt Military Escalation In Ukraine
Even though the leaders of Ukraine itself are talking down the threat of war with Russia over the breakaway region of Donbas, America and Britain are still beating the war drums and demonising Russian leader Vladimir Putin. Russia insists they have no plans to invade Ukraine and one western leader at least, France's Emmanuel Macron, seems to be listening to messages coming out of the East European trouble spot...
British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>
Italy Pondering Total Ban On Unvaccinated In The WorkplacesItaly's unelected governments, which has already faced riots and massive resistance to its authoritarian measures to strip away citizens rights and liberties under cover of pretending their actions are necessary steps to deal with the pandemic, now risks plunging the country into greater chaos by mandating vaccines for the workplace.
Thousands Protest In Germany Ahead Of COVID Measures Set To Go Into Effect Tuesday
Thousands of people took to the streets of Germany on Monday in protest over COVID-19 restrictions that are set to go into effect on Tuesday.The demonstrations were biggest in Mecklenburg, northern Germany, where roughly 15,000 demonstrators took to the streets to protest against tighter measures, according to local reports. In Rostock, a city along the Warnow River on the north coast of the country, roughly 6,500 people demonstrated, while in Schwerin there were roughly 2,700 and in Neubrandenburg, around 2,400 joined a demonstration.
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After a weekend of increasingly violent protests around Europe, similar to the one pictured above in London, against elitist plans to introduce new limitations on freedom, lockdowns and further steps towards compulsory vaccination (with a vaccine that does not immunise against a virus that makes very few people ill,) it is disappointing to see that in the US and UK, mainstream media is still doing its best to ratchet up the fear and panic ...
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The Absurdity Of Vaccine Passports, Lockdowns and Segregating The UnvaxxedAfter reintroducing lockdowns from the beginning of this week in its two regions with the highest rates of COVID cases, Austria today became the first country in western Europe to reimpose a full, national lockdown which will start on Monday, November 22. The Austrial government is likely to be quickly joined by neighboring Germany, a statement from Berlin warned [...] Some commentators in Austrian capital Vienna were cynical enough to ask if the whole point of this latest escalation is justify more restrictions
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Dont Dictate To Us On Human Rights, Justice Secretary Raab Tells EU
Justice Secretary Dominic Raab told the Conservative Party Conference last month Boris Johnson had given him the task of rewriting the The Human Righrs Act when he moved him from the Foreign Office in September’s reshuffle. This week Raab revealed details on how he plans to block interference from Strasbourg in British matters as part of his remit.
Spain Arrests People Traffickers And Drug Smugglers Crossing From North Africa in Speedboats
Spanish police announced the arrest of 90 people involed in a smuggling rackets that moved both people and drugs from Africa to Europe. The Civil Guard released a statement today stating that the smuggling network regularly moved people and drugs from Ceuta, a Spanish enclave in northern Africa to The Costa del Sol in high powered semi inflatable speedcraft of the type often used to move illegal immigrants from Libya to Italy or Turkey to Greece.
September 2021
Green Dreams Menu
It may be driven by virtue signalling or self hatred but the urge to destroy civilisation in order to save the planet and the ideological agenda that drive the gree movement are too far removed from the realities of life to ever achieve their aims.
Energy
Net Zero Is A Dangerous Fantasy, But Scientists Believe In Fairies It Seems
With oil and gas prices rocketing and the highly propted sustainable energy sources performing way befow expectations the energy crisis currently gripping Europe (with worse to come as food shortages start to bite, polticians still seem more intent on pandering to the green lobby and chasing the dream of a fossil fuel free world rather securing the energy and food supplies needed by the people they serve.
A Mostly Wind- & Solar-Powered US Economy Is A Dangerous Fantasy
When President Biden and other advocates of wind and solar generation speak, they appear to believe that the challenge posed is just a matter of currently having too much fossil fuel generation and not enough wind and solar; and therefore, accomplishing the transition to "net zero" will be a simple matter of building sufficient wind and solar facilities and having those facilities replace the current ones that use the fossil fuels.
Europe's biggest economy would suffer a 6.5pc contraction if Russian energy is suspended, experts warn
Even though the sanctions already imposed on Russia in respondse to the invasion of Ukraine are hitting the nations that imposed then harder that their intended target, the EU is preparing to committ economic suicide in an orgy of virtue signalling ...
We need energy security – not Net Zero
Russia’s invasion of Ukraine has prompted a major rethink in the West. We have suddenly found ourselves vulnerable not just to rising prices in oil and gas, but also to inflation in other commodities – such as food and fertiliser. Of all these problems, the security of our energy supply has most exercised minds.
Net Zero Gone With The Wind - Boris Johnson Plans Seven New Nuclear Plants And Shelves Wind Expansion
Reports in mainstream media suggest Boris Johnson has done a U turn on his recently announced massive expansion of wind powered generating capacity. Sources in Westminster claim Boris has shelved his masterplan for a giant, floating wind farm in The North Sea and the government will reconsider plans to double or even treble the number of wind turbines in the countryside and approve plans for up to seven new nuclear reactors instead.
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