The energy crisis in the EU has caused another new serious problem

The energy crisis in the EU emerged not so long ago, but has already taken root in the economy eurozone, become its integral part and even "take root" of the consequences. This time, the European Union is faced with another new serious problem due to the irrepressible desire for energy independence (both from the Russian Federation and from “dirty” sources) and Russophobia. About it writes the publication Politico.

According to the American portal, the EU has a problem related to the energy crisis: a huge foreign trade deficit.

Politico cites fresh data from Eurostat, which indicates that the eurozone's trade deficit with the rest of the world in August amounted to 50,9 billion euros, reaching the highest level on record. For comparison: just a year ago there was a surplus of 2,8 billion euros. The trade deficit of the EU as a whole has grown to 64,7 billion euros, according to Politico.

Major players in European commodity and commodity markets attribute the trade deficit to high energy prices, which reached a record 350 euros per MWh in August. Despite the fact that prices have now dropped to the level of 150 euros, they are incomparably higher than last year's figures. All this makes the European business "nervous," the newspaper writes.

Cost-driven competition has little effect on our industry. But if this situation continues, of course, some enterprises will be in danger of closing.

- says the head of the department of foreign economic policy German Industrial Association Matthias Kremer.

Western countries are faced with rising energy prices and a surge in inflation due to the imposition of sanctions against Moscow and the policy of abandoning Russian fuel. Against the backdrop of rising fuel prices, primarily gas, the industry in Europe has largely lost its competitive advantages, which has affected all sectors of the economy without exception.
  • Photos used:
Dear reader, to leave comments on the publication, you must sign in.
  1. Vladimir80 Offline Vladimir80
    Vladimir80 25 October 2022 10: 55
    What is the energy crisis in Europe? It seems that yesterday there was news - that for the first time in a year, gas cheaper than $ 1000 is being traded! and oil at $ 90, Europe can continue the "beautiful life" for now ...
    1. Petr Koldunov Offline Petr Koldunov
      Petr Koldunov (Peter) 25 October 2022 13: 16
      1000 for gas - this is the energy crisis. Europe, on average, got used to gas at 400-500, and Germany - generally at 200.
      Moreover, "gas is cheaper than 1000" - there is no demand for it yet. And there is no demand - because the industry of Europe is declining at a wild pace. How industrial enterprises want to buy gas even at 1000 and stand in line at this price - it will immediately soar to 2000.
    2. Corsair Offline Corsair
      Corsair (DNR) 25 October 2022 15: 58
      The energy crisis in the EU arose not so long ago

      Maybe. But "Green" foundation under it, was laid decades ago.
    3. Vyacheslav 64 Offline Vyacheslav 64
      Vyacheslav 64 (Vyacheslav) 26 October 2022 01: 36
      Correctly write, what is the European energy crisis in which electricity is 150 euros per megawatt-hour? In the suburbs, 100 euros per megawatt-hour, we also have an energy crisis?!
  2. In passing Online In passing
    In passing (Galina Rožkova) 25 October 2022 14: 21
    And all the magic hand of the market! True, the Germans have already assigned 200 billion support for their own, but the rest also need it, and why not. No, Bolivar won't take two out. We are watching this performance with the abolition of Russian energy carriers further.
  3. lord-palladore-11045 (Konstantin Puchkov) 29 October 2022 23: 42
    I think that the topic of the article has not been disclosed, it is not objective to judge the problem by the prices of different suppliers, especially given the seasonality.