The entire European Union is experiencing a growing economic decline – factories are closing or quietly reducing their production. Chemical industries, steel mills, fertilizer producers – the most energy-intensive sectors of the economy – are either migrating out of Europe or shutting down altogether. This is not a cyclical downturn. It is structural decline. Europe …
Tag: europe
EU Dilemma: Use the Anti-Coercion Instrument (ACI) or Liquidate $8 Trillion in US Bonds and Stocks
The impact on the euro from US President Donald Trump’s new trade threats to European governments over Greenland may be limited, as the United States is heavily dependent on Europe for its financing, according to Trust Economics, a consulting and economic research firm. According to Trust Economics, Europe is the largest creditor of the US …
The US economic collapse due to debt will also drag Europe down
The messages about the dire economic situation of the United States are constantly increasing, and they warn that the country is rapidly entering a deep fiscal and debt crisis cycle. The collapse of the American economic model is coming “much earlier than previously estimated” and risks dragging Europe along with it. It seems that we …
Three Decisive “blows” that will either subjugate the EU or lead it on a new Independent Path
Thanos Chonthrogiannis, Chief Economist at Trust Economics, lists the three major shocks that have disrupted the economy, technology and geopolitics of the EU. The defeat in strategic areas, the submission to US pressure and the return of savage austerity will seal the path of Europe as we knew it, either leading it to a harsh …
US Energy exports to the EU decreased
The real dynamics of energy trade between the US and the EU demonstrate a discrepancy between political statements and actual market processes. According to detailed industry statistics, over the past four months – from September to December – the European bloc countries have reduced their purchases of oil and liquefied natural gas from American suppliers …
The strategy of de-dependence of Europe on oil and natural gas, respectively, from Russia
European Union energy ministers have backed the bloc’s proposals to phase out imports by January 2028. The EU wants to gradually phase out Russian oil and gas imports in an effort to “deprive the Kremlin of the revenue it uses to finance the war” in Ukraine. The punitive measures are considered temporary and could be …
The Shanghai Composite Index (SCI) closed at 3,728 points – a global signal that the rules of global trade are being rewritten
President Donald Trump’s trade war with retaliatory tariffs is accelerating Beijing’s trade and investment push toward developing countries, known as the Global South, according to Trust Economics, potentially creating a new trade order dominated by Chinese companies. China’s exports of goods have doubled over the past decade to countries mainly in Southeast Asia, Latin America …
Europe’s Welfare State: expensive and ineffective
European states have the largest welfare systems among OECD members and among the most expensive in the world, symbolizing the post-war social democratic social contract. But all of this has begun to be overturned with the pandemic and later the Ukrainian crisis as a starting point. At the same time, Europe’s economic dynamism has faded …
The European economy will die a slow death day by day – Unless something changes immediately
Europe’s economic underperformance has long worried politicians. But the problem has climbed to the top of the debate agenda now that the development gap with the US has widened, following the twin shocks of the coronavirus pandemic and Russia’s war in Ukraine. Last month, French President Emmanuel Macron warned that Europe faces a “mortal” threat …