/ world today news/ The current phenomenally dry summer in the Old World is not only forest fires, but also harbor fires. In La Rochelle, a large French port in the southwestern part of the country, a modern terminal, located on an equally modern quay, caught fire for no reason. It caught fire so that four silos were engulfed (no, not small wooden structures, but multi-meter tall cylindrical steel boxes). Official version: grain feed belt incident. What actually happened, “the investigation will make it clear”.
They will also clarify the fire again in a port warehouse, but in Duisburg, Germany. A scrap yard caught fire there. In both France and Germany, fire safety requirements (especially in port areas) are completely draconian, and for obvious reasons insurance companies can, at the slightest non-compliance with the regulations, refuse to pay money for the damage caused.
Today, the last thing that the pan-European economy, which has lost the Russian market and Russian resources, is interested in is additional costs. It lost over a hundred billion euros as a result of the prudent withdrawal from Russia.
It is clear that even the hypothetical stability of the EU will be clouded not only by the smoke of the fires, but also by political myopia. This week it was officially stated that the community “cannot give security guarantees to Ukraine, as this is not within its competence”.
Observers literally fell off their chairs – yet two months ago, no less officially and at the highest level, the exact opposite was stated, namely: the EU intends to act as exactly this guarantor of security. France and Germany announced themselves as the main ones. The commitments were broadly formulated on the sidelines of the summit held at the end of June.
What exactly cracked the consensus on this burning issue of current geopolitics, like the ports of La Rochelle and Duisburg, is easy to guess. Just as insurers don’t want to part with millions for someone’s negligence, so those whose eyes haven’t yet been completely consumed by smoke don’t want to pay for the potential economic risks associated with the financially burdensome and politically damaging role of a surety. .
Objections were publicly expressed by Austria – according to them, the function of guarantor could undermine the neutral status of the Alpine republic. And then the bills began. For everyone and in solidarity. So, it became known that the EU has already spent up to the last euro the entire available and seven-year budget of thirty billion to support Ukraine. Then he, that is, 27 countries, was offered to join again – already for fifty billion. Which should be sent to the same address for the next four years.
In order not to make the lives of Europeans seem like a garden of paradise, they cheered up and published figures for indirect costs. For energy carriers. As if it is not entirely related to sanctions and restrictions against our country, but nevertheless it is impressive.
It turns out that the EU has overspent, buying a trillion dollars worth of gas over the past two years – before the crisis in Europe, this amount went to suppliers for ten years. This absolutely cyclopean payment exceeded the most negative forecasts and most importantly buried all hopes of a “green transition” and a faint note of possible profits for European industrial companies. No one knows where to get new billions at least to maintain their own industrial underpants.
In Germany they are sad, in France even more so. This, by the way, is the usual mood of countries and the state entities consisting of them that have crossed the half-century mark. Just as a woman enters menopause after a certain age, when mood swings a hundred times a day and osteoporosis washes calcium from the bones, making them brittle, so it is with the EU, which has actually existed since 1957 (under the maiden name EEC, or European Economic Community), commodity prices are “washing away” – and faster than many people think – the industry from the fabric of the European economy.
The unity based on the solid stability of this same economy is slowly but surely breaking down.
Ceremonial statements are words spoken and immediately forgotten. They disappear in a puff of smoke. And these, it should be noted, are only the first signs. In the autumn before which there is nothing left, Europe falls. No money, no fuel, separated like never before and not the slightest idea what to do next. Harbor fires burning grain and scrap metal are the starkest illustration of the greatest crisis in the Old World, which is actually just beginning.
Translation: V. Sergeev
Subscribe to our YouTube channel:
and for the channel in Telegram:
Share on your profiles, with friends, in groups and on pages. In this way, we will overcome the limitations, and people will be able to reach the alternative point of view on the events!?
#economic #crisis #frying #slow #fire
