Tag: economic crisis

Europe in Crisis as Prices Soar and EU Regimes told to Focus on Domestic, not Russia-Ukraine Problems

Huge numbers of truck drivers have gathered in Cologne to protest high petrol prices, according to the German newspaper Express. As the German Freight Transport and Logistics Association warns, the situation is now much tougher than with the coronavirus: Germany is looming over the worst supply crisis in 70 years, which will mean partly empty supermarket shelves.

Support for Washington’s Foreign Policy Crashes the UK Economy

The sharp rise in the price of oil as a result of the imposition of sanctions against Russia could turn out to be the most severe economic consequence for the United Kingdom, which will surpass even the effect of the 1973 oil crisis in scale, writes the Daily Mail. According to the world’s most-read media, several British politicians came to this conclusion at once, who urge the authorities to take measures, in particular, refuse to raise taxes.

Ukrainian crisis could have been avoided if another government was in the US

The US could have avoided the spike in food and gasoline prices, high inflation, the escalation of the conflict in Ukraine and the collapse of markets if they were controlled by another government, reports Fox News. As the channel notes, under Donald Trump, America was much stronger and pursued a much more independent and practical policy, and in such conditions, Vladimir Putin would never have decided to send troops to Ukraine.

Germany has two options Bad and Very Bad says Economist

For the West, and especially for Germany, there are two options for further developments: bad and very bad, says economics expert Daniel Stelter. If a boycott of Russian oil and gas is introduced, Germany will simultaneously endure further price increases and a stagnant economy. In addition, we should expect problems in the food sector and, possibly, a new wave of refugees, he warns in an interview with the German Focus magazine.

The Price of Backing Biden is going ballistic

In France and throughout the European Union, consumers have begun stockpiling liquid fuels and non-perishable food as they fear that the Clash between the Western powers and Russia in Ukraine will keep oil and food prices rising. Both are connected. Unexpectedly high demand this time of year has led to problems for suppliers, who may have to limit the sale of fuel.