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As the global energy crisis continues, gas prices in Europe jumped to more than 10 times their normal level. At the same time, investors appear to be the most pessimistic about the economy of Germany – the “engine of Europe” – since the eurozone debt crisis a decade ago. How are European countries coping with record-breaking inflation and recession fears both individually and as a bloc? And what implications does the EU’s economic distress have for the rest of the world?
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So, Europe still denies they are the one's who sanctioned Russia first because Russia is defending itself from NATO sponsored militaristic terrorism against Russia, which NATO feels is crazy and unreasonable. Most of the world knows the truth, no matter how many times the lies are stated. Continuing to be a proxy in the US's war with Russia and China to maintain global hegemony is going to be very costly.
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Tell the truth — Putin is guilty of invasion but he did not start the energy sanctions economic warfare. Even after NATO seized (stole) hundreds of billions of Russia's reserves Putin kept the gas flowing…. NATO had the brilliant strategy of interfering with Russia's 3rd party trade plus, breaking faith on Nordstream 2 blocking it from operation …. without a plan for replacing Russian natural gas….
Ironic — they unilaterally refused to allow gas to flow through a new pipeline and months later they are whining about not enough Russian gas coming through the old pipeline.
Seriously??
the william guy is full of sh*t, typical corporate shill touting all the talking points. his kind is the opposite side of the fox news coin.
Europe is dealing with inflation without protests and citizens refusing to pay mortgages. It's probably worth the CCP focusing on the economic crisis in China instead of this distraction. There is a banking crisis, mortgage crisis, debt crisis and real estate crisis in China and this is what you report on. 😆 🤣 😂
Prof. Begg is just one of the reasons why the Western world is in dire strait! I am shocked how he became a professor!
Like a slow boiled frog, Europe like to think this is still OK and they can weather it all.
At this point in Europe, it is not inflation and recession yet, it is price gouging and robbery.
If Europe keep going down this path, in 2 years, they will have hyper inflation and recession.
Europe is doing this to themselves.
Begg talks as if it’s Putin who is causing the problems in Europe! They are still destroying their economies without anybody’s help!
It all boils down to EU having NO GUTS to confront her master . Letting the evil empire detakes all decisions ,putting herself into this "freedom n democracy " and the fellacy that communism is taking over the world BS. Haven't they seen, all these communist countries haven't EVEN convert any countries since the collapse of the UsSR. ! EU is a victim of blind faith. Allowing the evil empire MIC to sell arms to Ukraine to pROlong the PROXY WAR !
Cold european winters without heater? Welcome to my reality for the last five years LOL… You cam suvive it that's for sure LOL…
I know Italy economy is very unstable but if China can survive till the end of this year that would be ok. If not, China could be next. The manufacturing sectors are not doing that good and if the housing market collapse in China that would lead to economy meltdown.
Countries who provide weapons used in a war against your country are not a high priority to Putin. I am sure his troops are happy to see genuine enemies of theirs facing their own difficulties. This whole fiasco started with sanctions and seizures of Russian property. They did it to themselves. Looks like it didn't work out like they planned.
Never has the West lost so much, so quickly, and for so little benefit to its people's
Wrong, President Vladimir Putin did not stop the Gas Supply!!! the Stupid EU leaders bark fore months that they will stop using Energy from Russia,
So, just CHATA OLD DUDE
That's great if the Euros are building facilities to buy their gas from the US. We are also selling tons of weapons, so can cash in on the Ukraine war in more than one way.
Begg is another BBC. Repeating the western media narratives(bullshit).
WATERLOO is approaching EU
Oil is oil. Why ordinary citizens are paying the price of stupidity of their elected leaders？Shouldn’t voters are remove these idiots immediately instead of waiting for election? Something is wrong with western so called democratic system.
EU:
"We will crush you with our mighty sanctions and isolate you!"
Russia:
"Let me help you, I will shut the oil and gas supply, that way I won't receive any more of your money."
EU: **in a whiny childish voice**
"Stop it! You are being mean. You are hurting our economies by 'weaponizing' oil and gas, you evil country. Why can't you just stand there like a punching bag and let me hit you? Don't you know we're morally superior than you?"
US: "fear not EU! We can supply you with way less oil and gas for three to four times the cost as Russia (at full market price, of course cause subsidies are for pinko communists…).
Russia: **drinking a hot cup of tea**
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*The EU are vassals of the US*
European leaders have so much faith in US and adhere to imposition of sanctions on Russia. These leaders are now in quandary as how to cope with high inflation and hardships of their citizens. They were completely misled by US and are being hurt by the boomerang effects. Their political careers are jeopardized. Two of the leaders had been taken out of political stage. They have played into the hands of US which benefits from the war and has made EU more depent to US economically and politically
The West thought that we Asians are stupid, we provide whatever the West wants by paying the Asians dirt cheap with their printed fiat currencies & useless treasury bonds. It’s a pity that Japan, South Korea & Taiwan are unable to get out of that sinking hole that has been dugout by US for them.
All EU slaved to US, UK govt shd quit. Then the healing can begin.🙏🙏🙏👍👍👍
8:27. Employment figures for US and EU are fake because during the covid pandemic 80% of the work force quit work in the Great Resignation….and now companies are trying to hire these worker back but many just decided to stay home. So it’s not real employment but re employment for previous positions.
🌷❤Chinese Taiwan💗
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EU have themselves to blame for following orders from United Snakes 🐍
Winter is coming to Europe and, quoting from the Witch Pelosi, “What a beautiful sight to behold “.
What a beautiful sight to behold….. The best is yet to come ….. Winter oh winter pls come early and stay longer
Karma for sanctions!!!
Europe makes America Great Again by committing economic hara-kiri. 🤣
Long term European competitiveness will be blunted, having to depend on imported energy from non-traditional sources. The problems ahead will be more serious than one can imagined.
Ironical that Europeans should label Russian energy retaliation as “blackmail “! What does one called Europe’s comprehensive sanctions against Russians, including R music, cats, dogs!
Prof Bagg. Russia is blackmailing Germany.
Seriously, as Germany has joined the West in sanctioning Russia.
Sanctions is economic warefare with the intent of forcing compliance and the destruction of the targeted countries economy. Again the opinion of an individual from the greatest Colonial empire ever. The arrogance remains astounding.
Can the European really not see that it’s the west’s idiotic sanctions on Russia that have caused this shortage?
So the negative real interest rate in the EU is a stimulus? You should be a comedian.
This is a very cheap war for Europe
As long as the western leaders and professors continue to fail upwards then the west will continue to be in dire strait.
What is the effect of the war on CO2? Sanctions are suicide for humanity,
For the third time in human history the European arrogance got the whole planet in big trouble again again and again.the disrespectful ways towards other nations the none respect of other people culture baffled again by european.those imperialism fools deserve a hard cold winter for the next decade to come to humble them down.
China needs to call into question the ability of these countries to pay back their debts. Just as the US keep printing stories of China's housing crisis and banking problems, China should do the same. The reason the US is doing this is because they want to cast doubt on China financial stability. The US always plant stories for months before they act on their plans.
Hi well come European Union Europe central bank economy group of growth
United Arab Emirates
Kalefa Kevin
Bldey elegal day or you used to grils to my economy to mack badly fackr Sri Lanka swing you night drsh USA wold baking many exsvr baldy u think India to sitash United Kingdom UK Royl
Dry fackr gggoool
yes sure, blame everything on Putin. Don't mention Biden stopped all new drilling. We all know this is all planned.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
12000 sanctions against the Russian Federation, aggression against the Russian Federation day after day for decades….but all depends on the president of that Federation ….and Russia holds Germany to ransom..this stupidity seems to be without any limits..oh my lord…these are our Westblock "experts"…..as the great Johan Galtung once asked and answered himself: "What is an expert?"…"Well, an ex….of a 'pert'… something undefined…better forget about him". Western Europe as nothing more than the object without any own interests with the Westblock is not only politically and economically in a big crisis which has not even really started…but also in all other spheres…from science to culture….it is