Tag: Inflation

The Downfall of the West

The failure of the West’s economic war against Russia speaks of the end of the old-world order. The West could not defeat Russia in the economic war, writes Der Spiegel. On the contrary, this year the growth of the Russian economy will exceed the average for the eurozone. And all this suggests that the old-world order has come to an end. 

Record number of migrants crossing the Mediterranean

Crossings soared almost 300% in the first four months of 2023, the EU’s border agency has said. The number of illegal immigrants taking the central Mediterranean route into the EU rose to a record 42,165 in the first four months of this year, according to the bloc’s border security agency, Frontex. The agency blamed the rise on competition among human traffickers driving down the price of a crossing.

NATO’S war on Russia – the bills of Europeans for electricity and gas has grown significantly in six months

European household electricity bills jumped 20% in the second half of 2022, while gas bills rose 46%, Le Figaro reports, citing Eurostat data. At the same time, the statistical service points to significant differences between the EU countries: Eastern Europe, which was heavily dependent on Russian energy resources, suffered the most from rising prices.

Sanctions Backfire as Britain goes Bust

EUROPE RENAISSANCE EXCLUSIVE: Losses to the UK economy due to sanctions-related small business closures could top £12bn this year. Hundreds of thousands of small businesses across the UK are at risk of closing this year, with total economic losses likely to reach £12bn against the backdrop of rising inflation and a deepening crisis, according to Sky News.

WORSE THAN THE BLITZ: Inflation is forcing Britons to freeze and starve to save money

The cost-of-living crisis in the UK caused by anti-Russian sanctions has resulted in more residents skipping meals (15%) or freezing at home (72%) to cut costs, writes Sky News, citing consumer protection company analysis. In addition, approximately 2.3 million families had to miss payments on loans, mortgages, bills or rent, and 59% of Britons have tried at least one way to optimize the budget.

Turmoil on Western Europe: Fires and clashes break out at French protest (VIDEOS)

Police fired tear gas at ‘a group of troublemakers’ in the city of Rennes: A protest against government pension reforms turned violent in the French city of Rennes on Tuesday, as riot police used tear gas to dispel a group of around 200 outraged demonstrators who had built barricades and pelted officers with fireworks. Tens of thousands of people also took part in strikes and protests across France and the Netherlands.

EU sanctions blocked Nord Stream repairs – company

Equinor said the Norwegian government prevented it from providing the requested aid. Norway’s Equinor on Wednesday revealed that it was the government in Oslo and EU sanctions that blocked it from responding to a request for assistance in dealing with the damage to Nord Stream pipelines. The Baltic Sea pipelines delivering Russian natural gas to Germany were damaged by sabotage in September, which Moscow blamed on the West.