The era of prosperity of the EU due to cheap Russian energy is over

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Reckless sanctions policy The West is beginning to bear fruit. According to Eurostat, inflation in the EU as of March for the first time in history reached 7,5% on an annualized basis.

Tellingly, Europe has been breaking price records for the fifth month in a row. At the same time, back in February, before the introduction of large-scale anti-Russian sanctions, inflation in the EU was 6%, which indicates an acceleration of the trend.



However, all of the above looks like flowers compared to forecasts. economic experts. Many of them believe that price growth in April could reach 10%, and in the coming months even reach 15%.

It should be noted that in this case we are talking about the average indicators for the EU. In countries dependent on energy imports, inflation rates are much higher than these.

Despite the assurances of European politicians about a temporary recession in the economy, in reality things are much worse. In fact, the EU is experiencing stagflation - an economic phenomenon in which there is a simultaneous decline in production and acceleration of inflation.

European leaders will not be able to restore growth or at least slow down the decline in industrial production in the foreseeable future. The days when the EU could thrive on cheap Russian energy are over. Thus, it is possible that hyperinflation is ahead of Europe, with all the ensuing consequences.

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    14 comments
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    1. zzdimk
      zzdimk
      +1
      April 6 2022 11: 12
      Soon coupons will be introduced for butter, bread, firewood....
      1. 1500014781401
        1500014781401
        +2
        April 6 2022 11: 35
        We can give them a charity course for a young fighter on the topic: How we survived in the 90s.
    2. EpIvIaK
      EpIvIaK
      +2
      April 6 2022 11: 36
      Europe, Europe. Now is not the old days. This confrontation is not in her interests. They will wait until it starts to get tough there, and there has been a lot of ground for this over the past 5 years. Especially the same France. And what if, in connection with the famine, people are drawn there from the south? Africa, etc. I remember straight "wanging" about the yoke from the south there. Logically, things can go like this.
      As always, only the US and England are less stressed. Yes and that...
    3. Valera75
      Valera75
      +5
      April 6 2022 11: 36
      That's why this vile Europe is not a pity at all. A gang of perverts, hypocrites, liars and crooks.
    4. Mikhail Novikov
      Mikhail Novikov
      0
      April 7 2022 08: 13
      Something is not heard of liberal moaning about the "oil needle on which Russia is sitting." Where would we be now if Russia were not one of the world leaders in the export of energy resources?
    5. Polente the Wanderer
      Polente the Wanderer
      -1
      April 8 2022 03: 17
      It will never stop if we continue to sell our "national" property for candy wrappers = beads. We are not sold modern production, technology. Will we have to use the papers received for gas as toilet paper? If the number of candy wrappers is very large and for 1 kopeck they will give 1000 dollars, but at the same time they will not sell us the necessary goods, then the cost of all goods within the country will only grow regardless of the ruble-currency exchange rates .... After a certain number of years, we can and will to produce the same modern integrated circuits in series for all industries, but even now we already have a critical situation with integrated circuits ...
      1. Sarmat Sanych
        Sarmat Sanych
        0
        April 11 2022 12: 05
        Wanderer Polente, again hackneyed whining? Russia imported $1 billion worth of goods for these "wrappers" in Q2022 70 alone. They perfectly sell everything we need, plus the companies of the collective West have built production facilities and assets in Russia for ~ $ 20-600 billion over 800 years, according to the Boston Consulting Group. And these are real assets and not candy wrappers, they are here, you can’t take them away, we will confiscate them if we want, all preliminary decrees by the President and the Prime Minister were signed a month and a half ago.
        PS Finally, so as not to repeat nonsense, think about a simple question: if Western grandmas are so "just printed" and are "wrappers", then why do they need tens of thousands of productions in the EU and the USA and tear their fifth point - you can just "print wrappers" ?)) Guys, have you ever thought that in those matters where you are not a graduate with many years of experience - everything is much more complicated than what the inhabitants were told on YouTube-Internets?
        1. Polente the Wanderer
          Polente the Wanderer
          0
          April 14 2022 21: 40
          we want to confiscate, all preliminary decrees by the President and the Prime Minister were signed a month and a half ago.

          Officially, our leadership constantly says that we will not confiscate anything. Furthermore

          The French group Societe Generale announced the termination of its banking and insurance activities in Russia. This was reported on the website of the organization. This group includes Rosbank. It is represented in Chelyabinsk by five branches and ten ATMs.
          According to Societe Generale, the shares of the French group in Rosbank will be sold to the Russian investment company Interros. Its owner is Vladimir Potanin.

          And FANTIKI because they are not provided with anything. The Fed consists of Private banks. If in the states they control the amount of their currency, then for others they will print as much as they need. When a crisis comes, they always keep savings in something real that they won’t take away (in gold, ...) but we prefer dollars , euro. It would be clear if they transfer rubles into foreign currency and immigrate ....
          And besides, the property of foreign companies can and could be confiscated, but there are either empty workshops or imported equipment for which spare parts will have to be obtained in a roundabout way at exorbitant prices (from the underground), assembly at factories of some of the imported components.
          We sell raw materials (gas, oil, wood ..) and buy products made from ours, incl. raw materials (paper, polyethylene, paints....)
          https://ru-stat.com/date-M201402-202104/RU/import/FI
        2. Polente the Wanderer
          Polente the Wanderer
          0
          April 14 2022 22: 14
          On TV they showed a plot from painting cars -

          The paint and varnish line is imported, but no imported paints were brought. There are Russian paints, but the imported equipment does not allow the use of Russian paint
        3. Polente the Wanderer
          Polente the Wanderer
          +1
          April 14 2022 22: 51
          Maybe a graduate will explain one of the details on the gold reserves of Germany. Is it still kept at Fort Knox or has the FRG returned it to its soil?
          Asking the question of what to exchange the dollar, as it was in accordance with the Bretton Woods (annulled) monetary system "the US dollar is recognized as an international settlement currency that can be exchanged for gold at the rate of $ 35 per troy ounce", you probably can’t ask. You can buy gold, but at market prices at the moment.
          The United States has a huge public debt (of which about 30% are treasury securities purchased by other states, including Russia) and the Debt-to-GDP ratio in 2021 = 42,8%. Maybe the specialist has other (Closed) data and vice versa?
    6. Polente the Wanderer
      Polente the Wanderer
      0
      April 8 2022 03: 20
      It is necessary to switch to barter. For gas and other export goods, it is necessary to take the necessary equipment, technologies ..., and not pieces of paper
      1. Sarmat Sanych
        Sarmat Sanych
        0
        April 11 2022 12: 08
        Wanderer Polente, this is the correct understanding of the topic. Thanks to the legalization of parallel imports and some other non-public measures, barter has also begun to operate. Still so active, but it's a matter of a couple of months
        1. Polente the Wanderer
          Polente the Wanderer
          0
          April 14 2022 21: 44
          The formula of capitalism T-D-T does not work. They don’t sell us what we need, and buying in a roundabout way (parallel imports) will always be more expensive ...
    7. updidi
      updidi
      0
      April 10 2022 11: 45
      It's high time to end this.