/Pogled.info/ The economic crisis in Europe has been raging since 2020. It was originally called the corona crisis. Millions of unnecessary people were sent home and paid. Each individual entrepreneur and self-employed person in Germany received a one-off grant of € 10,000. 10,000 euros! So to speak, from the helicopter.
Naturally, there was nowhere to get money for this and the ECB organized the purchase of bonds. After the elimination of most of the lockdowns and other similar heresies, people rushed to spend free money and the period of “recovery” began.
The “recovery” was, of course, accompanied by inflation. In the fall of 2021, the Americans pushed their topic with liquefied gas and began to seriously slow down SP-2. The Kremlin has hinted to Gazprom that it would be good to cut off gas supplies to the spot market. And since October, the spot from Russia has been stopped.
The effect turned out to be magical: gas of 1.2 US dollars per cubic meter. The record reached 3 and later – 3.8 dollars. But LNG increased its stake, while Gazprom reduced it. However, in terms of money in numbers, everything turned out much better for Russia than it was.
Instead of the previous 200 dollars, as much as 1000 per thousand cubic meters. At the same time, it turned out that there was not enough oil, and it was impossible to print like the dollars and the euro, and prices for it also rose.
From the end of February 2022, the crisis was renamed the Ukrainian.
The suspension of the supply of metal and grain and sunflower oil is related to the increase in the price of gas, oil and fertilizers.
Inflation in a number of EU countries has exceeded 10 percent.
The cost of living crisis, as the EU called it, has arrived. By the time he compared himself to the 1970s, someone had said it was worse than Thatcher’s. Particularly insightful hint that it smells of the 30s of the 20th century. It is there that the standard of living of ordinary Englishmen and other Europeans is pursued.
The next step after the increase in the cost of utilities, food and fuel will be the inevitable decline in purchases of things that are not necessary for survival: cars, fashion, furniture, real estate.
Also against the background of the crisis, investment in enterprises of the real economy will stop. Because why invest if the present is terrible and the future is unclear?
In addition, the EU itself has cut off supplies of a number of products to Russia, which will clearly not improve the situation of local industry.
The same Airbus supplied us with planes, other suppliers – spare parts for the Super Jet 100. All this is money and most importantly – jobs.
Parts for Volkswagen and Renault, Mercedes and BMW were also, by a strange coincidence, produced in Europe.
Russian tourists and investors are now enemies and are not welcome in Europe. Accordingly, real estate sellers will lose revenue, banks, hotels and restaurants will lose cash flow.
After closing the branches and offices of many European companies in Russia, the expats will return home.
The next inevitable stage will be a powerful, unprecedented jump in unemployment. And this even if Gazprom does not turn off the tap. And if he blocks it, then oh-oh-oh.
For now, I suggest you enjoy the statistics of new car sales in France for March.
The worst data from 1980, not counting 2020, when the halls were closed
Sales of new cars in France fell to their lowest level in March with 147,079 registrations and with the exception of the special year 2020, according to data released on Friday by carmakers.
Due to the shortage of electronic chips and in the economic context delayed by the war in Ukraine, sales fell by 19.5% compared to March 2021, according to a press release from the Automotive Platform. According to this statistic, which dates back to 1980, there were fewer sales only in March 2020, when dealers were closed due to the pandemic.
Translation: ES
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