Europe is staring at the prospect of economic collapse. The war in Ukraine and Russia’s weaponization of energy supplies have triggered an economic crisis in the continent. With inflation and debt at record-highs, Russia has pushed Europe into recession. Meanwhile, President Joe Biden’s multi-billion dollar subsidy programs have pulled major businesses out of Europe and threatened the continent’s economic competitiveness. The EU may be undergoing a process of de-industrialisation. HT’s Shashank Mattoo breaks down the origins of the perfect storm that has hit Europe. Mattoo explains how Russia’s energy war and America’s economic nationalism threaten to bring the continent to its knees. #Recession #EU #EuropeanUnionrecession #europeenergycrisis #europeeconomiccrisis #europeinflation #globalrecession #europerecession #europeeconomiccollapse #russiaenergyweapon #russia #putin #joebiden, #joebidenamerica #ukrainewar Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.
Good comments. Seems that the European got played out by the US
Lay with dogs get flies. Maybe you euros learned a lesson here.
they both are twins brothers
The WEF is the real problem.
If woman are in power worldwide than the human race wil be destroyed.
The EU is now nothing more than a puppet state of the American empire whom are stealing European industry. We Europeans illegally put sanctions on Russia. The collapse of Europe is do to our cowardly behavior. How sad. 😞😞
Europeans brought all this on themselves. Euros voted for politicians who pushed this unnecessary war of choice on Russia, never caring about the resultant inflation. Maybe they should have pressured their politicians to negotiate BEFORE the war. The Russians only gave 100 chances.
The main reason why EU is deeply in trouble's with gases charges ? If looks harder who is the partnerships with Russia still to help through Sanctions ? Hungary did! So that the first country betrayed EU and the rest of the EU members
This will kill the USA dollar’s hegemony on the world. Unlike other gold backed currencies this is a promissory note and can be printed without it being backed by gold. Once Saudi starts selling in other currencies the USA will collapse. Hope the EU learns it’s lesson and forgoes the dollar
To be noted too, US stoked the war in Ukraine.
It’s kind of juvenile that EU thinks that they can win the world attention by spreading a hate campaign against Russia. They should be more practical when it comes to deciding the world judgement of their sanctions on every nation who trades with them. The world is not at their mercy but it’s them today which is on world’s mercy
The EU Commissioner for foreign affairs, Josep Borrell, shouldn't have boasted so much about the "garden" that is Europe. No wonder some hungry animals get the idea to eat their fill at the expense of the old continent.
NATO should kick USA / Britain out and replace it with Russia.. No problem anymore. Wonder why Europe hasnt figure it out yet after USA sabotaged the Nord stream..
Looks like Europe will fall....
It's just a matter of time
Far from rescuing Europe from an economic recession, America is actually taking advantage of Europe's misfortune. How so? By severing gas supply from Russia, Europe is now buying LNG from America to replace the void left by Russia. One would think that being Europe's friend, America will only charge Europe at "mates' rate" for LNG. Reality is far from fictions. America is charging Europe just as much as other LNG suppliers, at 4 times above the normal times.
But Europe only has itself to blame for falling for the sticky trap set by America. And what sticky trap? NATO. Europe is trapped by NATO for protection. Russia was portrayed as the boogieman, and Europe believes that NATO will cast a protective shield over it, and all will be well. But the war proved the contrary. Europe is not safe, in fact, is is rapidly descending into a bad place, economically, politically, and security wise. It is ironic that the cure is actually worse than the disease.
But America doesn't stop f-king you if it has the advantage, it is now coming in for a second round in the form of "Inflation Reduction Act". What this means is that it is taking advantage of Europe's weaker economic position to encourage European businesses to move to America, by providing incentives. Europe has been outplayed by America, and I think that only now Europe wakes up to this horrible irony...that friends can do bad things to you under the guise of, well, being a friend.
Europe is becoming an economic disaster due to UK/US anti Russian intrigue. The US/UK are also bullying a bunch of Ukrainian Neo NAZIS and the rest of European countries into allowing rocket systems to point over the borders from Ukraine and the rest of the European countries into Russia.
Russia and US has same long story from WW1 till now. EU got in trap. At present, Indirectly US wining. Using same old moves, reality it's giving way to other.
Shows how damned stupid the EU and UK are by being vassals for America when their prosperity is very much dependant on cheap Russian oil. So the idiots prefer to see their economies tank as long as they keep the US happy!
Like I said better start investing in 🇺🇸 or else Europe is going be doomed