Why most Europeans think that their standard of living will fall in 2024 | DW News
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- čas přidán 28. 12. 2023
- Europeans are becoming increasingly pessimistic about their economic outlook. A survey of EU citizens shows seven out of 10 think their standard of living will fall in the coming year. But the bloc has been more resilient than many expected. DW's Christine Mhundwa reports from Brussels.
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#europe #economy #brussels
yeah, wages are stagnant, prices are soaring, and companies keep saying they won't raise wages because of course, you can't touch the money of those shareholders
Shareholders? Would you rather it be bureaucrats?
@@SeeLasSee I'd rather see companies pay their employees a livable wage. It doesn't have to go to the government otherwise, though, maybe in your limited world it does.
The rich are doing swell. Everyone else is barely hanging on
A lot of them are also going broke by trying to look rich.
It's disheartening to witness a significant increase in poverty in the Netherlands, affecting around 1 million individuals who are grappling with making ends meet. Among them, a portion holds jobs and falls into the category of the "working poor." Unfortunately, if the expectation is that living standards will decline, the situation is likely to worsen. It's challenging to find reasons for optimism in such circumstances. It is probably also the reason that extremism is growing in Europe
And there are no more colonies from where wealth could be looted. It seems you are heading back to middle ages. Falling economy, falling standard of living, rise in extremism, clash of ideologies. Everything is getting set for conflict.
If Europe is stopped from exploiting Africa anymore, the entire EU economy will collapse. After which we will the same kind of mediaeval conflicts and degeneracy in Europe.
you have the worldview of a child😂 @@asmirann3636
Common sense policies is not extremism. It’s the current mess that’s pretty EXTREME.
@@asmirann3636bruh 😂😂😂 are you serious?
@@lukasalkovic7385why wouldn't he be serious? Western wealth is based on thievery and world is currently pushing them back. How can they live good when they are incapable of hard work or innovations. What can they produce and sell when they have nothing of their own
Sanctions work...
They do.
... against Europe.
@@dirgsuite5546Russia is doing even worse than us. So sanctions work.
You are one of those people that thinks that Russia is richer than Germany 😂😂😂
@@pehdro123 Russia is now the first European country economically and surpassed Germany officially
I live in Sweden i am Mexican , and I get more money living in Mexico 😂working as engineering
Really? 😮
So you know what to do!
Food price inflation is off the rails , and everybody needs to eat. There is a lot of greedflation going on with food prices - EU ought to legislate about it.
As your Boss for a salary increase. If you can’t ask, likely is because you are one small mistake to be fired
There's an inquiry into Australia's two biggest supermarket chains for exactly this.
@@bec5250 in Europe it is rampant and the EU should legislate about it , so that corrupt governments can’t turn a blind eye to it pretending it’s not happening
what's that got to do with supermarket greedflation? @masakitonguba8919
Better than expected which just means the decline is not as fast as predicted. Part of this article is gaslighting people into thinking "we are still doing fine". The overall trend is clear and the country driving most of this decline is Germany.
Are we really one of the most innovative? We are way behind the US, and likely trailing China and India. We can and we should do better.
Japan and korea too
Trust me if Europe would have a Google or Facebook Americans would make sure either it is taxed to death or disappear from their market.
Europe is very innovative in creating new obstacles in its own path. Regulatory superpower.
@@kth6736It is not regulatory...it is because Europe have boss and he say what will be the moves. USA don't care for European interests
Europe's inventions these days consist of more creative way of creating new red tapes.
This year I've spent less water, gas and electricity, compared to 2022 i've saved up almost 1500€. This year I hope to save a little bit more as i'm going to end all the TV assignments and other stuff as gym. No TV no electricity waste more time to do exercise by myself outside.
Way ago go I am doing the same in Canada🇨🇦…… more $$$ in my “tin can”
You should consider a flexible electricity tariff! There is so much money to save by having a flexible electricity tariff and switching on dishwasher and washing machine at the right time of the day.
Yes consume less. The problem is you live in a capitalist system which depends on ever increasing consumption. So you put yourselves on a downward spiral. The only thing keeping you afloat is mass migration.
You could save even more by not using theses things all together! Food? Energy? Water? that's just splurging! There's kids in Africa that don't have that!
@@ThatGoat Well, we need food, water, clothes... in reality I don't need a TV, a computer, a car and i'm willing to change that stuff for free time to go camping and fishing. In two years I'm selling my house leaving my job and going to the wild... traveling the world by foot.
Heating cost back to €259 per month, rent, insurance, subscription services, transportation, all will be increased.The outlook for 2024 in terms of cost of living is not looking good compared to the previous years.
In what kind of villa do you live?
Energy prices are down, inflation is down, salaries are up. What does this tell you? Nothing, I suppose. Drama queens will be drama queens.
@@peabase In Germany a familiy will spend 400€ more per year on energy alone.
In addition restaurants are getting more expenisv due to raised taxes.
It's not getting better in any way.
"Inflation is down"
Yeah down they rise only more slowly now.
Wages did not keep up.
Mine 400€
I don't even pay for heating separately 🤷🏻♂️ Electricity for last month was something like 35€. Food's a bit more expensive, doesn't still affect much. Everything's quite good, I'd say.
If my working week was also reduced as my real income did, then it would be fair deal - it would be bad but not that bad as expected. They take us as bloody donkeys.
Excellent point.
Europe is doing better than expected becasue a year ago governments were talking about planned blackouts and fuel rationing etc doesnt has any information value at all. That's just people getting a tiny glimpse into crisis management, many politicians probably only just realising it exists during the pandemic, but there always are and always have been plans for rationing for example, just in case. There are plans for nuclear disasters, that doesn't mean they happen all the time or that we have even come close to any in decades. And claiming that Europe is still doing better than most is nice and true, but it makes the future look bleak at best. We should aim higher and strive to improve, maybe help others along the way, not calming ourselves that we are not as bad off as some places in the world. Some 2 years ago my country compared itself to Germany like "we are not doing as well as they are, but we are closing the gap" now our government is comparing us to Greece during their crisis "we are still doing better than Greece was doing in 2009." That really doesn't instill hope about the future in people.
This is what most people ignore! Great comment.
This is true. The EU might be doing better than other places but its still doing worse than it was doing before. There is no denying that Europe is in decline and everyone is feeling it in their day to day living.
@@jw841it was inevitable. Without cheap energy from Russia and security from the US Europe can't function on its own. They are too uncompetitive.
@@zuzanazuscinova5209we don´t need the usa. And yes we can survive on our own. We have it in our blood to complain whilst sipping champagne and eating caviar.😂
@@MathyBoonen Wonderful! The US should start saving some serious cash. The best caviar comes from Russia btw 😂
The previous lifestyle was affordable due to low and stable energy & food prices. But due to negative impacts on these industries, the balance of demand and supply has been disturbed significantly. It will be important for european countries to become more competitive to maintain their gdp.
... It doesent really help the demographic that still has minimum wage to pay for the higher cost of living. Income distribution is a better measurement then GDP in terms of keeping competition going. We are going in the 4th year worldwide high costs were the lowest income households cant keep up with rising prices (since the pandemic) That should be our greatest concern
Be of good cheer, I suspect the munitions industry is about to go into overdrive.
What negative impact did we have on our food industry? Europe is paying the most to protect its farmers, and in return they produce the most expensive food in the world.
Haha, you mean people actually working and not spending two months in summer on vacation?
High food prices give us a good sign/idea about how the economy is going,this will imply less food consumption, which will result in less energy and consequently less productivity,and from there, things start going down the drain.besides, what affects Europe touches essentially most of the world economy 😳
blame the oil giants
America has the best performance ever and in Europe nothing working Europe should seriously think about the situation and the way the government handles the situation. Eurocrats should be ashamed and should be paid way less .
We should not forget that Europe has a war nearby, which has had a significant impact on energy and trade in the last two years. Additionally, when examining the economy, there are indications that it will improve in the near future. We can observe a drop in inflation and the creation or transition to other energy sources.
Furthermore, the economic figures of the USA do not truly represent the entire situation. While the wealthiest 1% in the USA have accumulated significant wealth, the income of the median or lower segments of the population is either stagnating or decreasing (including Inflation). How can one claim that the USA is performing better when a considerable portion of its population is experiencing stagnation or decline?
US: sanction russia
Europe: ok
US: stop doing business with china
Europe: ok
Europe: so can we have free trade?
US: no
To be fair, European will never accept free trade with the US. Many products in the US go against all regulations of the EU
Actually Europe still does business with both. Especially China EU showed the middle finger to US on that regard. though EU has rebalanced the China-EU trade structure
EU has more people than the US and the US told you about being dependent y'all didn't listen
NAFTA has a population of 500 million... Now all countries that has adopted the fiat currency euro has about the same population as the US@@seanthe100
Trump warned you. You laughed. You lose. 😢
it's not only Germany whole world rich is getting richer middle and poor class getting more poor, around the world.
middle and poor class high in numbers so obviously it looks like that.
money is getting accumulate at wrong people.
Phrases....Look at China ...
amen!
Europe as a continent is definitely beating Antarctica and Africa in innovation, which is very promising for the future.
Setting the bar really high there, aren't ya?
This is our last hope to at least never fall on the last place. Well until the penguins learn how to code at least 🤷🏻♂️
Kim Jong Un and all North Korean top officials ride German cars. North Korea
helps German economy.😂😂
Prices are going up not only due to pandemic and war in Ucraine but espetialy by enviromental policy - payment of CO2 emmission. Whay are you not telling it DW?
Don't forget NATO tax. For supporting 🤕ill-crane.
A lesson from the UK where this has been going on for 10 years, don't let them erode your standard of living now because years down the line you'll regret your inactivity!
How exactly do you stop "them"? The cost of food is high due to a myriad of reasons.
@@zuzanazuscinova5209 you're asking the wrong person because we have no answer. I guess the only way is mass protest. You would need a majority of the population to march on the capital and major cities and make your demands
The fact other continents are doing worse than us here in Europe doesn't necessarily mean we are doing oh so great around here, so rhe optimistic approach that's chosen for this report seems very naive and unrealistic to me.
It seems like every country is getting poorer. It is a global issue.
Approaching endgame post-capitalist globalisation. The richest are taking everything from the poor everywhere.
harvested by the empire , through $
those country use less $ , impact scale are less.
Europeans become pessimistic about their economic outlook because their EU leaders have denied them and their industries affordable energy, which are basic needs. EU leaders were signing an economic sentence when they swapped affordable long term Russian gas contracts for expensive short term Russian gas contracts, months before Putin started to limit the gas supplies. Nothing of these sanctions met the desired result. Putin still is in office, his war chest is not empty, occupied territories will not be recaptured and Russia's economy has not been broken. Instead of admitting their mistakes, EU leaders stick to a policy that hurts our own economies. Meanwhile the rise of extreme right hollows out our democracies. What a farce!
That's true. The US has no reservations into going to war for energy. China does not need to because it has Russia (now even more because of the war). Europe actually goes to war to not have energy. Go figure.
The Russian gas had not already been affordable, before the war broke out. Europe needed independency from russian energy
How does the "rise of the extreme right" hollow out your democracies? Almost every EU nation is thoroughly leftist. There isn't a single "extreme right" party in power within the EU....
Now it has dependence from US fracked LNG that is expensive and disastrous for the environment. Talking about shooting itself in the foot.@@andraskleistenes8586
Wasn't it DW telling us about one Ukrainian success after another?
Didn't DW report about how sanctions would cripple Russia?
I remember watching DW talk about the Ukrainian Army reaching the Sea of Azov.
Pssst don’t upset the Europeans. Russia is always bad, always a day from collapse and got lucky in every war it won.
The collective west accuses Russia of being bad, because the accusers know they are way worse?! 😆
We should never look at it from the perspective of the people who do well in a bad economy. During these periods too many people drop their economic standards while others fall into poverty all together. It is this trend and how it now happens at practically lightning speed that should be concerning.
So it's life...Are you not doing this in your life ?
An optimistic view I think, but if they don't address structural issues, who knows?
Fixing Structural issues also might be painful/unpopular
Demographically, Germany is a dying state! The fertility/birthrates started colapsing 20 years ago, snd now they are experiencing a fundemental change in capacity to support their industrial bases. The sudden shift from fossil fuel supplies, and associated industries is much more than can be withstood, and unless those industries can find a new home elsewhere with the supply chains included, the whole of the EU will feel the "bump" as Germany's economy tanks! This will undoubtedly have an effect on EU cohesion, politically and economically! There are few, IF ANY, nations capable or willing to support such a large proportion of aging Germans, even though many other nations will start to notice similar demographic threats themselves!
Harnessing immigrant labour to prop up the labour markets and sustain the inevitably high tax requirements, will only work for so long!
HOW do Germas survive this? HOW do Germany's neighbours and allies survive thiis? Unless the war with Russia is CONCLUDED, and prevented from EVER happening again, SOON, this will provide the Kremlin with the exact opportunity to force their expansionist agenda, across Europe, AGAIN!
Germans really need to stop expecting seaside vacations and start saving for their own retirements. The lifestyles are above the country's means at this point.
Oh, so its not that bad as they expected... now i feel rich and happy!
Water Up. Electricity Up. Gas Up. Taxes Up. Rent Up. More Money for War. Billions for War. Gone. More Taxes Again to Pay for War.
yes, but a big plus is that we don’t have WW3 yet
DW flooded with Russian trolls
@@Alex-kg1xh There is no such things as WW3 my man, the whole point of having nukes is a nuclear deterrence! In simple English that means "Dont come here with your soldiers or i will press the button and nobody wins!"
People have to feel it their wallets first to get the worries out of the frame.
Let people earn good substantial money for not just paying the bills but also for other things that can satisfy everyone in spending a bit more extra on the stuff people want.
And at the same time EU is worried about the standards of living in the camps that Italy will build in Albania to deal with illegal immigrants...Maybe EU officials should start worrying about EU citizens standards,just saying
It's interesting to see to the changes in policy since 2000, I was only like 10 at the time but even I could tell that once these immigrant groups got a foothold in the country they would basically become a powerful voting block dedicated to removing immigration restrictions which is exactly what happened in both the U.S. later in the E.U as you can now basically enter for whatever reason and start working. Historical precedent for it to, if you look back at Rome they would sometimes flood the city of Rome with immigrants in order to get votes.
Welcome to the same realization we've been living that thought for years in the Uk.
I also wondering how long COVID will be blamed for government mismanagement.
You can always say “it could be worse”….
More innovation is needed; and the time to start the change is today as we continue to work together i see 2024 getting easier for many if we go through the tough times now
Modern Europeans don’t believe in going through tough times together. They divorce.
Recoveries takes time when the subject matter is economy,however if this is the scenario in Europe next year how much more with the developing countries.
If the cost of living in developed countries increases, it doesn't necessarily mean that the cost of living in all developing countries has also increased. Many developing countries have maintained their basic natural resources. Developing countries also have special treatment from special provisions in the world trade and in the EU market. Developing countries usually have three times higher gdp growth rate compared to developed countries.
@@dilucragnvindr130inflation is word wide Europe is actually doing quite better than expected. Developing countries are always the most effected because they don’t have as much to work with to make reforms like the EU, or US, or a China, Japan and so on have.
Harder to steal from others.
Yet the US and China are growing...
@@filipe5722 China has hard working people who are not expecting a good life while sitting on the couch. US has more resources than Europe and much lower welfare benefits.
Lol that china, which stole all of its photovoltaic technology from Germany? They could invent something which we can steal at least.@@missesCarmenB
@@missesCarmenB Africa is the only place from where Europe is still stealing. This is why European economy is still afloat. Once Europe is stopped from stealing from Africa, its economy will collapse for good.
@@missesCarmenBChina initial growth was based on literally stealing technologies from others...
Yes, food and other stuff got more costly, but i cut on take-out food and other stuff i really don't need and go along rather well. Luxury problems?
You have to cut means, you live worse. Did you think about the people, who didnt have take out food expeditures? On what will they cut?
So your standard of living did reduce. You are just proving everyones point.
Oh yes. A penny has been taken from hundred Euro. What a loss! Come on - luxury problems!@@avirbd
I can tell you people are pessimistic af. And they have good reasons to be so. War raging at our borders is one of them (but not only). I’m less scared about myself but for my kid a little bit more.
How dare the peasants complain about getting slowly killed! How very dare they living 'comfortably'!
The rent is too damn high!
1:56 Is she really talking like Europeans are crazy to expect "certain level of healthcare and public services"? Like it's not "normal"
Pretty much. They had it too good for too long.
Europe doesn't look promising like it used to be.
Thats why we have mass migration in europe from all 3rd wirld countrys. Because europe is doing so bad 😂
@@MathyBoonen That is correct. Everywhere lot of people from middle east.
Why?
They do not work.
NO CHINESE MONEY, SO VERY SORRY
Looks like EU does not need the cheap energy from Russia.
Right,they are all rich smarttalkers who doesnt have to care about such low stuff.....
Cost of living conversations focus only on goods and services whilst the core issue is the inflation in asset prices/specifically housing creating a feudal system across Europe, with the rich seeking rents/ house price speculation at the expense of the young/poor.
It could also just be that there are more poor people now, since anyone can come into the country and just start working.
@@colin8696908 that’s definitely a contributing factor, population increase without corresponding investment in public infrastructure etc
Things are far worse in Canada.
For you maybe, not me...
Hope not. I like Canada.
@Krynale I'm well off no financial stress at all and retired early but for many its a struggle, living in tents, I never seen that growing up here ever, there were very few homeless. Groceries are ridiculous rentgasetc...Canada has gone downhill in a hurry.
@gaborrajnai6213 I love Canada too but life here is getting very difficult for many. Cost of living is outrageous, gas ⛽️ groceries, taxes rent housing....it's out of hands. Homelessness is at record highs in all cities across Canada, so sad.
Do they still send people to prison for using "wrong" pronouns there?
This all with Europe also being weak on the world stage and leeching off the US
EU block has lots of depth to go into. No issues yet.
As a currency, € can still be printed a lot.
Printing and issuing new debt is still a good old idea.
Look better Weather forecasts.
Good video
There was no energy crisis...yet the price for heating, warm water and gas isn't done again because there is money to make for energy companies 🤬
I live in Hungary so we know we will suck it... 🎉
Well as long as V.Orban plays also for the opposite team-ruZZia it seems that the hungarians will suck it up... None can play for the same tame in two oppositw teams...
@@decaesaris5093I think that European citizens are not on the same team as their governments
@@decaesaris5093 stop trolling bot
It seems the famous “ Level Playing Field” vaunted by the EU in Brexit talks is materialising . The ordinary people have decided it doesn’t matter which side of the channel you’re on . We are all in the same fragile boat as we sail, rudderless into 2024👍🇬🇧🇪🇺👍
Millions of Europeans are falling in dream to become an Aussie
Europeans could not embrace IT technology like the US and China. This is the main reason the European economy is failing.
You mean Europeans arent protecting their IT market, like the Chinese do to youtube and the US do to TikTok. We had a facebook in Europe 5 years prior to Facebook, and just let it go under.
The EU requires Germany’s economic health. Germany’s economy depends on the strength of its Auto industry. Germany’s auto industry requires Germany to make competitive EVs for sale in the EU and China. Competitive EVs require affordable good batteries and skilled software developers. Germany has NONE of that. They are 10 years away from having that.
So yes, Germany (and the EU) are fuq’d. The question is how long, and how hard. This is Germany’s fault; yet the majority of the EU will blame immigrants…. Go figure.
Not only cars get build in Germany but all sorts of machineries/technologies etc, which get used all over the eorld to produce "things".
Please look up for Wolfspeed, a US company which is building a gigafactory for semi conductors at the Federal State of Saarland.
Infenion near Dresden
Bosch near Dresden
TSMC (Taiwanese company which will build a gigafactory for micro chips) at Silicon Saxony near Dresden
Intel near Magdeburg
Northvolt near Hamburg
Ford near Cologne
VW is building 3 gigafactories for EVs batteries, one at Lower Saxony, one in Sweden in cooperation with Northvolt and one in Spain or Portugal.
Im not entirely enamored with the idea, that we pay for millionaires to buy EVs in a pushed down cost. EV industry is a joke in itself, it only works in China and the USA, because those governments spend a ton of taxmoney to make it competitive. You dont have to read a lot of Adam Smith to realize the whole concept is doomed to failure.
@@gaborrajnai6213Even US automakers like Ford and GM are backpedaling from the EV market.
@@gfys756 Yes. The established auto industry is starting to see how fuq’d they are. Their only recourse is to (1) pretend there is no demand or (2) paint EVs as a Chinese scam. (1) doesn’t work so well since Tesla makes two of the best selling and safest cars on the road.
Couldn't have said it better my self (as a German and Tesla enthusiast, I have seen this exact problem for a few years).
europe is such a beautiful country
What do you think just look around you see anyone "smiling " ...🙄🤣
WEF big wigs are always smiling. 😊
I have a question, why do salaries rise in Russia, should they fall?
Everybody remain calm an stay seated so we can get to the lifeboats first.
Trying to be carbon neutral does not help. At all.
Good luck of not having the retiring age extended again!
they likely think that because its already happened for many with inflation and the housing crisis along with other issues funny the report comes from a guy in brussels
like the housing crisis isnt going away this year as much as i wish it was
My impression is that media are usually saying that our standard of living gets worse, blaming all sorts of politicians, etc. The high inflation of the last years is certainly a reason for that. However, this is the first media contribution I have found that explains why the situation is better than it appeared to be. And I agree with it. The standard of living is still very high, social security is still secure. Globally, we still are a financial and economic superpower, in contrast to other countries like Russia, for instance. And given the existential threat the latter poses, our temporarily high inflation is a small price to pay.
Electricity power generation in 2023 EU wide 13.5% less than in 2019 and equal 1998 generation.
Germany - 21% less, than 2019.
Electricity price for industry x4 compared to 2019.
This is all what you should know about how economy of Germany and hence EU economy feel
My income has increased this year, last year and doing great.
The Europeans believing their economies are not going down … LOL
I've noticed that Europeans tend to be more naive than other groups of people ...
In the eastern world, Most Japanese people are thinking their economy is going down.
And Chinese people think their economy is strong.
@@gfys756 as an european, true.
Due to transfer of wealth from west to east and south
I live in Indonesia. The government is claiming 5% growth. I don't feel it, and I live in the biggest city, the capital city.
The EU does not have a real lender of last resort. Only banks that are solvent are allowed to access “Emergency Liquidity Assistance” through the national central banks.
Insolvent EU banks will use bail-ins to avoid going under….
There are no national central banks in the eurozone. There is one central bank in Brussels.
@@gaborrajnai6213 From the ECB website:
What is the national central banks’ role?
The national central banks in the euro area offer the last safety net for banks that cannot get the funding they need elsewhere. This safety net is called emergency liquidity assistance, or ELA. In the euro area, ELA loans are provided by the national central bank of the country in which the struggling bank is based. That national central bank also bears any costs and risks that may arise.
ELA is only for banks that are solvent
To qualify for ELA banks can be illiquid but they need to be solvent. Being illiquid means that banks might struggle to repay all their depositors at the current time. Being solvent means that they are able to do so in the long term. A bank can become illiquid while remaining solvent because its funds might be tied up in longer-term loans it has given to its customers.
exclude the top 1%, then tell us how well we're doing
Not just Europeans....
I think the two great wars in the world now are not helping either … in Belgium there is an index of the wages with 10% automatically. Still tuff to survive but at least this helps to soften the blow.. other nations dont have this mechanisms so the country where i live in at least has this. Germany does good not great and is still far better then most economies. Future will be good not bad, we are a long step away from the abyss. All countries are hit with the rise of costs not just us. In EU inflation is 5% not Argentinia levels yet 😅
We're fine in Denmark.
Time for solidarity for Denmark then.
Nice to hear. In belgium we are doing fine also. ❤
I am an optimist. 2024 is an election year in the EU. If nothing else, we will be reassured that we live better.
You mean politicians will try to tell you that you're off pretty well to not vote anything extreme?
Let me guess, you have just turned 18, these will be your first elections, and you're still under the assumption politicians deliver on what they promise? 😉
@@jdjphotographynl Let me guess, you are young enough to still be naive. A person becomes ironic and perhaps sarcastic with much older age. No irony, I'm not an optimist, but everything else I said stands.
Europe will stop being as 'resilient' (whoever's definition that may be) as the global and that includes dysfuntional Europe's environment continues to fall apart. Don't hold your breath people.
Fire wire inflation
The people in Ukraine probably think that their standard of living will fall also. You don't have missiles raining done. SO FAR.
Meanwhile in Africa...
Aging population and lack of young workforce is going to make germany economic outlook more gloomy
What about all those scientists and doctors from A fri ca and Middle e a s t ?
😀
Who said Europe is not using russian gas
Right,just the price has doubled and tripled.
I agree with the majority of Europeans on this one. The price of life is rising in USA as well. It's happening everywhere.
Actually here in america we're doing actually fine at least where i'm at
Gas prices are finally coming down. Under 3 dollars in NJ.
Congratulations. 😅
They didn’t fall after stop Russian’s oil.
So…
It is very unfortunate that the EU countries didn't think of the consequences in terms of its economy before jumping in to support the US led proxy war in Ukraine. 😂😂😂
It’s proxy war with EU and US both. Past politicians did mistake by over dependence on Russia. Europeans wants good life and less work. They are not watching what’s going on with in other countries where more people are willing to work more for less. Old Europeans worked hard and build nations while new generation forget the past and trying to do less actual work and more management.
Apart from Spain, Italy and part of France, they don’t have proper soil or climate to grow more crops and raising meat animals are costly compared to other countries. Small, medium companies face competition from China and now China is using its local machinery. Too much dependence on China and Russia lead to downfall of Europe.
If Ukraine falls, Russia will be on Europe's doorstep and eyeing it up next. That's much worse than expensive bills.
The EU supporting the US? Yeah, right. They are going to be our rivald and fortunately or unfortunately this was waking up Europe and make it grow to one day accomplish that.
@@tomorrowland2684Europe has always been in a precarious economic situation due to lack of natural resources. It solved this mostly by colonizing and plundering. Those are not an option anymore. What will Europe do?
The current pyramid scheme of housing where older entrants block construction of newer houses/ the system encourages those who own a lot to own more and those who do not have to increasingly not be able to have. This structural inequality/ wider wealth inequality/ generational inequality is the core driver for dissatisfaction across Europe. Young families/people can only dream of having lives similar to their parents. A house in a bad neighborhood when our parents were younger is now sometimes unattainable for a young person, sending young people into worse and worse locations/conditions if they want to buy / start a family.
They should talk to Biden He has done a great job
😂😂😂
Because, they always involve in other matters .....
go to the streets then talk..outside of the cities..ranking has little to do in ordinary people..
it will be like in the 90s in Russia, if not worse
Fear sells...
Taking about "most Europeans" and showing UK? 😂
A generation that have grown up without interest rates.
In complete denial when failing to address or mention the main reasons for Europe's real causes of its decline.
:) in my country prices for things like water gas heating and electricity doubled in 2022, now, they doubled again. YEY.
at least the money made from manufacturing energy and resources stay in my country/ E.U... oh wait it does not :)) they go to Cayman :))
i always funny how hard europeans try to cope with reality
Well Perks of being
😆😆😆
If you do as the Emericans say...
->your economy is destroyed,
->your standard of living drops,
->you are joining a war you don't need to fight,
->against a country who really isn't your enemy.
--Colonel Douglas Macgregor.
Tell that to Putin
lol, western economy struggles, while our so called "pathetic" economy is booming. Maybe it's time you think a bit and realize that sanctions don't work.