Europe’s economy is not being killed by a pandemic, but by inflation

Europe’s economy is not being killed by a pandemic, but by inflation

Elena Karaeva

The European Union is sailing into the New Year in appro-ximately the same form in which the hero of “The Ir-ony of Fate” was when he was loaded onto the pla-ne: barely keeping his feet and practically unable to connect two words.
In November, the euro depreciated by 6% in Germany and by 4.9% in the rest of the countries where the single currency of the EU circulates. The rise in prices – sometimes in double digits – in Europe is registered by everyone and everywhere: both end consumers, ordinary citizens, and experts. And in stores, and at gas stations, and in the offices of large companies. The State Institute of Statistics and Economics of France made a “gift” just b-efore the New Year – its re-port says that in December only in France money depreciated by 3% (experts were immediately corrected – retailers say that the euro “dried up” stronger, by 4% ), and this is not taking into account the rise in energy prices – by 62.5%. Such indicators have no precedents for at least the last 30 years. The selling prices for goods also climbed up – so far by 20%, but not yet evening, on the shelves there is still what was released before this jump.
In Europe, at the end of the New Year holidays, they expect the beginning of the “price tag waltz” for textile goods (because cotton has risen in price), for flour and pasta (poor grain harvest), for coffee and for confectionery products, where it is added (too little coffee was collected , less than is required to saturate demand), for vegetable oil and for everything that is packed in cardboard or paper – dairy products, cheeses, meat cookery. Because, you will not believe, but the price of the raw materials from which the paper is made has also risen. There is not a single sector of the European economy that would not be affected by either inflation or price increases, or both.
The “Titanic”, to which the globalists wanted to send the “golden billion” on an eternal cruise, received a huge hole: a dream, when somewhere someone produces from something with low costs, and the “golden billion” only uses it and consumes it , did not stand the test of reality: it turns out that people in Southeast Asia can also get sick, not go to work, and factories can be locked up because of the pandemic. To everything else, it is worth adding broken logistics (and it broke down because the sea transport stood idle for too long during the lockdown), the absence of any intelligible financial policy (the ECB only knows what to announce an additional issue of bonds, that is, to turn on the printing press ), and the oil painting of the coming crisis appears in all its glory.
But if earlier the economy was worse or better, so-oner or later, but they could have put it on its feet, now the situation is such that th-ere will be nothing to put it on and, most importantly, there is nobody. Since a day in France alone, 200 thousand people are infected w-ith a new strain. This means that each of the infected will stay on sick leave for at least 17 days. Soon there will be no one to work, the most perspicacious warn, and their predictions are justified: before Catholic Christmas, thousands of flights were canceled because both the pilots and the flight attendants fell ill.
The European Union is sailing into the New Year in approximately the same form as the hero of “The Irony of Fate” was when he was loaded onto a plane flying to Leningrad: barely able to stand and practically unable to put two words together. The difference, and a fundamental one, is that the character performed by Myagkov eventually sobered up, but in the EU the hangover will not go away in the upcoming 2022. The economic crisis has come to stay in Europe for at least two years – no one is going to look further.

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