Home » today » Business » They predict the end of the EU soon, but what will happen to the euro – 2024-04-07 15:44:11

They predict the end of the EU soon, but what will happen to the euro – 2024-04-07 15:44:11

/ world today news/ We have been warning for a long time that the anti-Russian sanctions will sooner or later hit the “sanctioners” themselves hard. Now it seems that the West is beginning to come to a similar conclusion.

So, the other day one of the oldest business publications in the world, the Financial Times, broke out in an article along the lines of “Boss, it’s all gone, the plaster is off, the client is leaving,” an almost verbatim repetition of certain predictions of Russian political scientists.

Its author, Gideon Rahman, states that as a result of the disruption of economic cooperation between the West and Russia, there will not only be a rise in prices, but also in electricity shortages, job losses and social problems due to the influx of Ukrainian refugees.

For example, Britain, the most vocal supporter of increased sanctions against Russia, is at great risk of facing a 50% increase in electricity prices in April and another 50% in October this year.

The high probability of an acute food crisis in the countries of Africa and the Middle East will lead to the fact that the European Union will be overwhelmed by millions of refugees.

All this will eventually, the observer summarizes, lead to the fact that the economic and social pressure on the authorities of the Western countries will overshadow the events in Ukraine.

Among those dissatisfied with the increase in the price of food, fuel and essential goods, the popularity of former US President Donald Trump, the chairman of the French National Assembly party, Marine Le Pen, and the former Minister of the Interior of Italy, Matteo Salvini, will grow. This threatens to lead to a final split in the collective West, which has already demonstrated a number of serious divisions within its ranks over the issue of Russia’s economic isolation.

Can these forecasts of the “Financial Times” be interpreted as a recognition of the inevitable disintegration of the West and above all of the EU into national “principalities”?

What the publication now says should rather be seen as a kind of “prevention of leftist sentiments” and the next stage of “training” of Western society within the framework of the so-called “new normal”, regardless of the events in Ukraine, since the special ops agenda cannot dominate forever, the real everyday issues will still take their toll.” commented the secretary of the Central Committee of the CPSU, candidate of economic sciences Sergey Obukhov.

After the “green” passports, I do not rule out that some “blue” passports will soon be introduced there, which will oblige Europeans “out of hatred for Putin” to lower the temperature in their homes to 15 degrees Celsius. And even if food becomes rationed, because in the conditions of the collapse of classical capitalism, Western society is forced to reduce excessively inflated consumption”. adds the expert.

Although no one has canceled the course to this very “new normal” in the West, I believe that there are various scenarios for the development of the situation that are acceptable and none of them should be completely rejected, even one so radical. In fact, it is no longer possible to reproduce profit in the previously known volumes, which means an inevitable return to the “dark ages”.

It is clear that the economic situation in Europe is not easy, since the US anti-Russian sanctions in their logic absolutely do not take into account the interests of the Europeans themselves, of European business“, explained the independent political scientist Alexander Asafov. “And we see that both the leaders and the population of the European Union have certain concerns. They see that, for example, gasoline has become more expensive, and some food products have disappeared. And it is quite logical that, as long as there are no changes in the sanction path, new restrictions are introduced, and the old ones are not canceled, in principle, it will be very difficult to guess what will happen will happen to the European economy in the future if it already reacts so sharply to everything. And, of course, there is a grain of rationality in such negative expectations”adds the expert.

“SP”: – To what extent do these negative expectations correspond to reality?

I admit that there is a lot more alarmism in this material than there are any truly predictive expert models. However, the essence of what is happening is captured correctly, indeed there is such a tendency even among Western experts. All this is being discussed, but, unfortunately, there are no solutions at all. None of the experts dare to go further and say out loud that it’s time to stop with this whole “parade of madness” of sanctions from the “repeal of Russia everywhere” category and start negotiations with it. It is clear that the world will no longer be the same, but otherwise specifically for Europe and in particular the European Union may turn out to be the real finale in every sense of the word. Asafov thinks.

The answers to this problem, and quite simple ones at that, are now perhaps only among left-wing European populists. Even if they seem hard to implement, voters still hear them. Voters who don’t understand why sanctions are being imposed on Russia while food and gas are getting more expensive here and now, and very sensibly at that. That is, Biden, who was ready to fight Russia “to the last Ukrainian” or “to the last Pole”, figuratively expressed that Europe will have to pay a “terrible price” for all this, but for the Europeans themselves, this is by no means they are empty talk. So left-wing populists can score serious political points and change the distribution of political forces in the upcoming election campaigns.”Obukhov thinks.

In this case, can we already talk about the impending sunset of the euro as a world currency?

There is actually some trickery involved here. Given the shift in supply and payment chains due to sanctions, there is much more skepticism about the dollar, which is already experiencing double-digit inflation and no one knows what will happen next. The euro, of course, has much fewer problems, but in general, these opinions have the right to exist, because, I repeat, in the current situation, no one has a more or less convincing model of the future. And if so, then all the currencies of the world may be in trouble because the entire world economy is under the yoke of so many sanctions that it has already changed irreversibly in many ways.” summarizes Asafov.

Translation: V. Sergeev

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