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The war against Ukraine continuing is for more than ten days now, and the major reputed media have already turned their networks, channels, and platforms into a propaganda machine on behalf of their respective governments and have been sending false information damaging their own brand image.
War is not necessary today, and right now the world is licking the deep wounds humanity earned from the COVID-pandemic for more than two years now. The world united to fight against pandemics, from developing vaccines to sharing oxygen plants and extending financial and other logistic support, forgetting their financial and ideological war. That is the time when world leaders and heads of state are working around the clock, burning candles in an attempt to get the economy back on track. Then came this war! Read more
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Will sanctions against Russia affect Europe?
The war against Ukraine continuing is for more than ten days now, and the major reputed media have already turned their networks, channels, and platforms into a propaganda machine on behalf of their respective governments and have been sending false information damaging their own brand image. Read more
IVT Global News Agency/Energy Crisis
Sanctions bite Europe, more than Russia.
It's all over, there is nothing left in Ukraine , except bricks and dead bodies ....a lesson for the other leaders of the nations...a thoughtless action of Zelensky ruined Ukrainians past, present and future.
America has to pay compensation for triggering this war to all Ukrainians....
The energy crisis in Europe started to take its toll after the invasion of Russia into Ukraine, a military raid started by Russia. Russia always interpreted it as a military raid to paralyse or disarm Ukraine to keep Russia free from the impending threat of NATO nations. Read more...
The incoming winter may cause harsh winter life for the Europeans.
Europe started facing energy crisis and the incoming winter may cause harsh winter life for the Europeans. The depleted energy sources in the EU region and most of the third world nations started using their own energy reserve for their own manufacturing sectors all have added more scarcity of energy resources in the energy-starved EU.
The colonial era was a golden day for the EU nations as they could exploit the colonies to extract their energy resources and bring to the EU region countries to fuel their industries, steam ships and train engines. Now, the time has changed and the technology advancement has helped the third world nations to get access to machines and develop their own alternative technologies to manufacture everything they need. Besides, China has become a manufacturing hub of the world and still remains an issue.
Deteriorating relationship with the oil-rich countries in the Middle East and the Western powers again caused controlled supply of energy to the EU region. In addition, the invasion of NATO nations under the leadership of America to Iraq and the eventual fall of the Sadam Hussain regime caused the anger of the Islamic world and a kind of mistrust erupted between the Islamic world and the western powers. And what makes the oil rich countries now not to sell oil to the EU and other Western nations at a subsidized rate is all the outcome of that mistrust and advancing influence of the terror groups in the region that contain the movement of the oil from the Middle East to the EU.
As a matter of fact, the decision of the EU and NATO to keep their nuclear stock closer to the Ukraine border and trying to allure Ukraine to join NATO also angered Russia, and it has reduced the supply of energy to the EU region. The war in Syria and Russia and Western countries supporting two groups in Syria added more confusion and suspicion between Russia and Western countries.
Now, the world is moving through a kind of vacuum in leadership and sailing like a rudderless ship.
On one side, the EU and its members don't have means to compete with China or other upcoming economies. Secondly, America lacks a respected and influential leadership that the rest of the world takes seriously. China is trying to use check books to lure the small nations and set up naval and army bases across the Pacific belt again, adding more pressure to the Western world.
One has to wait to see the outcome of the energy crisis and its impact on the EU and its people.
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Inflation rising in Germany
Germany is being considered as the manufacturing hub of Europe, and it has shouldered the EU crisis more burden than any other nation. Yet, the same country faces inflation though its export income surpluses the import. Besides, Germany is still a surplus economy, and it has ever been one too.
The challenge is, the rising energy prices and the incoming winter, besides the lockdown and economic paralysis across the world, have now started pinching Germany. Supply chain blockade and pandemic lockdown all added more crisis to all economies in the world, but when it hits a country like Germany, the eye brows of the economists and investors rise alike.
This year the energy price has gone up almost 14% higher while the food price is again 5% higher than previous years. This is an alarming rate of the incoming economic crisis. When the low tide came in Germany, the Germany economy also went down. The inflation rate in the EU is now almost 3.4% and may rise a little more. Energy price rose by 17%, and the suffocating lockdown related to financial paralysis again added more pressure on the consumer index, which will have a related impact.
Lowering productivity and industrial output in the EU due to shortage of skilled labor and rising unemployment rate due to lock down resulting in low demand, all are adding chilly powder to the already burned skin of the EU economy.
Germany being the fourth largest economy in the world by GDP may lose some of its position if the country does not contain the inflation and the unemployment rate immediately. German women's fertility rate is just 1.38 children per woman and much lesser than the Japanese fertility rate. This adds more trouble in the future as it may cause a labor shortage and overall growth of the economy.
Germany being one of the most active racial sensitive nations, the arrival of foreign skilled laborers may invite wrath of the locals and racial discrimination and harassment may rise at an alarming rate. Most of the skilled laborers refuse to go to Germany due to racial attack on foreigners. Besides, mastering the German language may be a challenge to people.
As the world is opening up after the pandemic lockdown, Germany is gearing up to restart its export to many countries, especially to China and America, which are its most lucrative market.
The transparency and good relationship between the employers and the labor union makes the magic work for the German economy. German toddlers are skill seekers than reading books and learning nothing like in India. Most of them learn on-job-training, and by 22 years old they are useful for any industrial sector they choose.
And, it should be highlighted that the German workers preserve their job for tomorrow working a smaller number of hours than exhausting the job market. Their productivity and value, not the number of hours they sit in the office and factory,, make the German economy tick.
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The Belarusian President is under attack from the European leaders
The pandemic-related crisis, both economically and socially, forced the nations to be strict. While the Belarusian President, Alexander Lukashenko, is under attack from the European leaders as he has allowed the migrants from different war-torn regions to pass to the bonders of Europe which have caused havoc in the European Union member nations with the crowd of refugees. Besides, the incoming cold weather which is ferocious to the ill, unhealthy old people and children alike would add more misery to the migrants who lost their homeland and homes without having enough to eat. There was no place to sleep, and they landed in the refugee camp or were being chased by the security forces at the border to prevent these migrants from entering their respective countries.
It is inhuman for people to refuse them shelter, and these are the people who are forced to migrate to save their lives and that of their own children. But, on the other hand, the European leaders argue that these migrants and refugees add more troubles and financial issues and infrastructure crisis in their countries. All sides have their own arguments. But, being born in the world, those migrants need a place to lay their heads and bring up their small children too. The UN has ever lost its mandate since it stood helpless when America, and the allied forces invaded Iraq. Ever since the world turned to be wobbling types of a fast-running truck.
As the world lost its direction, and then came the global recession shutting down many organizations, corporates filed for bankruptcy, people came out as unemployed struggled to fend for their homes.
In the meantime, came another ghost, the food inflation, it arrived and robbed the pocket of the working class, and they struggled for a meal. The people who lived in the African refugee camps survived eating a cup of porridge lost their only meal due to scarcity of food grains.
Why are all these things happening in the world today?
None has the right answer, but one thing is very clear, the war, the man-made menus, are adding more and more crises to the humanity and death toll in the world due to war-related, pandemic-related and other human-made crises are growing faster.
The certainty for the lives of the coming generation is at risk.
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