DonGlock26
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- Sep 15, 2024
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"‘Beyond what we could imagine’: Europe’s coming energy crunch
Germany’s Friedrich Merz warns the economic fallout from the war in Iran is on track to rival that of the Covid pandemic or the Russian invasion of Ukraine.
BRUSSELS — With the war in Iran threatening to choke off energy flows for the foreseeable future, Europe is facing a supply shock that promises to cripple manufacturing, ground airlines, hike up the price of food, spike borrowing costs and send inflation spiraling back to crisis levels.
As the last tankers carrying fossil fuels from the Persian Gulf pull into European ports, the scale of what is about to hit seems to be dawning on the continent’s leaders.
If the war drags on, it will place a burden on the European economy “as heavy as we recently experienced during the Covid pandemic or at the start of the Ukraine war,” German Chancellor Friedrich Merz told reporters Monday."
www.politico.eu
The UK and continental Europe have shut down domestic energy production because of their green political pseudo-religion.
Now, their progressive foolishness is biting them in their red asses.
Germany’s Friedrich Merz warns the economic fallout from the war in Iran is on track to rival that of the Covid pandemic or the Russian invasion of Ukraine.
BRUSSELS — With the war in Iran threatening to choke off energy flows for the foreseeable future, Europe is facing a supply shock that promises to cripple manufacturing, ground airlines, hike up the price of food, spike borrowing costs and send inflation spiraling back to crisis levels.
As the last tankers carrying fossil fuels from the Persian Gulf pull into European ports, the scale of what is about to hit seems to be dawning on the continent’s leaders.
If the war drags on, it will place a burden on the European economy “as heavy as we recently experienced during the Covid pandemic or at the start of the Ukraine war,” German Chancellor Friedrich Merz told reporters Monday."
‘Beyond what we could imagine’: Europe’s coming energy crunch
Germany’s Friedrich Merz warns the economic fallout from the war in Iran is on track to rival that of the Covid pandemic or the Russian invasion of Ukraine.
www.politico.eu
The UK and continental Europe have shut down domestic energy production because of their green political pseudo-religion.
Now, their progressive foolishness is biting them in their red asses.
