Euro zone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain. Driven by expensive gas and a devastating drought, consumer prices jumped more than expected in August and further rises are already in the pipeline, suggesting more pain for households and businesses as they burn through their cash reserves. As Europe remains powerless to stave off mounting economic crises on multiple fronts, FRANCE 24 is joined by Anna Creti, Professor of Economics, and Director of the Climate Economics Chair and the Economics of Gas Chair at Paris Dauphine University. Ms. Creti says that the current energy crisis is quite complex, amid war and climate change, and it could worsen as we head into winter. She warns that “we cannot really say that we have a unique cause and therefore a unique remedy.”
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I suggest you guys in Europe switch to using electric appliances and get less reliant on Russian gas, just my two cents!
Politicians – Let's sanction Russia the country where we get our energy from!
Russia will win.
Cut the waffle, electricity has risen in IE by 125% since February, Heating and Fuel by 90%. The cheering during summer will be defined by howls in Winter. The EU workers/tax payers are about to see third world conditions. Petro Energy suppliers making huge profits off misery. Our ( Green Energy Minister) announced a possible windfall tax on Energy companies last week, by Friday same companies increased prices by 28%..He literally gave them a heads up!
Had european leaders demonstrated any backbone none of this would be a problem and Ukraine would not have been invaded.
Oil / Gas are a Sellers' Market NOT Buyers !!!
SANCTIONS ARE COUNTERPRODUCTIVR & CAN BACKFIRE !!! TIT FOR TAT !!!!
vous êtes les bienvenus dans le pays du Ghana en décembre pour tous ceux qui veulent passer du bon temps🇬🇭🇬🇭❤️❤️
Dear Vlad,
We hereby present you with the fabulous peninsula of Crimea and 30% of the country known as Ukraine. Now can you pretty please turn the lights back on.
Regards,
E. Macron
You mean Ursula and rest Euro Elites Energy cough 'policy' was cease any new Gas/hydrocarbon exploration instead having spent
+€9Trillion subsidising 'Go-Green-Renewables
to just realise rows of windmills are next to USELESS as base power
without mass battery storage network.. then ridiculously sanction their one main reliable energy supplier just to appease US-UK-Nato Warhawks in Washington and Exxon Chevron in Texas ?
After WW ll, US and it's satellites EU countries are determined to crush first USSR and then Russia ; why Russia is supplying gas, oil, fertiliser, food etc. so cheaply far below market price for economic development of those countries for so many years ? It's a puzzle ! One will kick and another will salute ! Peaceful co-existence ?
Europa falls in favour of Ukraine ❗
European politicians are scheming with their devious policies as Europe goes hungry and freezes.
What a dreadful instance of bullying with unrestrained
Western governments' provocative and subversive policies are to blame for the situation as it is today.
The West's actions are alleged to have schizophrenia-like characteristics towards Russia.❗
Useless sanctions !!!!!!
🤮🤮🤮🤮🤮
Lol apparently Europe isn't as green as they thought 🤔
So with whatever that was that was said .. has there been anyone in the top privileged decision making group of the west make any moves towards a peace process or it’s just a given now that we are in perpetual proxy war.. and if so what are the plans for the next winters to come .. its like some kind of blinking game if Russian energy is cut off will the Russians cave in under economic collapse or will the western countries economies collapse from lack of energy.. come on reporter do your jobs get to the real information.. that’s what you are supposed to be doing .. after all it’s half the world’s population with skin in this game.
Cost is determined by the algorithms of Supply and Demand. One cannot immediately affect Supply, but Demand can be regulated by the judicious use of Common Sense.
USA : i don't care about you'll 🤣🤣🤣🤣
“Objective”? Is that like “hope” and “wishes”? 😳😂
Winter is coming
European politicians have done an outstanding job in creating the energy crisis in Europe. The rich politicians create the crisis, the comun citizens pay the financial consequences.
LNG and LPG 🤗
Merkel was so overrated
Almost riots
Expensive = riots
Leave dollars and back by gold
I don’t see how a market can resolve distribution of a finite supply with low elasticity. I’d be more interested in alternative allocation mechanisms that distinguish needs from demands, and address inequalities and over consumption. For example, are Europeans burning gas to keep street lights on at night? Ultimately, everyone on the planet has to decarbonize, and Europe will model how that will look.
thank you USA. you are going to be frozen in the winter.While you are burning wood and logs in winter. you are speeding up greenhouse effect. You are helping USA killing our planet. Thank you very much.
I think they should try talk with Putin about the energy. It far worse than Ukraine capitulation. The EU can’t fight Russia like Ukraine. It’s for politicians to apologize to Ukraine and say our bad choices in the passed .
Genius eu politicians:let's sanction our biggest energy supplier
Hahaha🤣🤣🤣🤣
Put a tent in your livingroom to retain heat in a small area / drop plastic to keep a smaller area of home warm / 8 hr candles in a clean paint pail or similar can with terra cotta pot on top / wrap copper tubing around stove pipe & drill holes to put tubing to other rooms for heat & wrap 1 around water pipe. God Bless Us All!
Europe reminds a wife who leaves her wealthy husband and then finds out there are actually bills that she will have to pay now 🤡🤡🤡
More and more Europeans are fleeing to Central American nations like Costa Rica and Belize in an attempt to flee the cost of living crisis and the winter freeze.
Isn't it time the voters In europe find out who is lying to them really! time to find out
She can’t answer the questions in a straight way. Europeans elites are obeying Washington to have the ordinary public of Europe strangled. When the public are desperate they are easier to control. The NATO interference in Ukraine since 2014 is never talked about.
The reason for the energy crisis is framed as being out of Europe’s control, the war in Ukraine, but it is completely in Europe’s control because the cause was the voluntary European sanctions on Russia, not the conflict it self as constantly quoted as the cause of the energy crisis. Europe could end these sanctions today and humbly negotiate with Russia to resupply and there would be a good chance that they would have some success. It has absolutely no effect on the conflict as is merely a case of Europe getting over its ego and detaching from Washington’s destructive orders.
We should have never got to this level of dependance on Russian gas. This fault was mainly due to the German position. For this reason, it is surprising that the EU has achieved a common ground on the sanctions against Russia. Tough times to go through but we'll make it.
Stop listening to 16 year old girls name Greta, who don't know anything about how the world and economy works.
Just look at NATO OR UN summit four years ago. Trump is asking Germany to do something about their energy situation or they will be 100% dependent on Putin. And look at those German politicians laughing at him. German TV should show this short video to their citizens every evening. They should see clearly those laughing politicians. NO MORE LAUGH NOW. HE TOLD THEM !!!!