According to several reports, Europe is in trouble and trying to control an energy crisis. These reports suggest that the eurozone may have to deal with a cold season that could cause energy rationing or blackouts. According to a recent survey by the General Confederation of Greek Workers, seven in ten Greeks have reduced their food purchases in order to pay fuel costs. Viktor Orban, Hungary's prime Minister, stated in a Facebook post that Europe has run out of fuel ."
EU Deals with Ongoing Energy Crisis — Hungary’s Premier Blames the 'Fundamentalist Greens' and the Bureaucrats for Europe's Issues
Europe has been pushed into an economic tailwind by rising energy costs. Most of Europe's problems are due to the Ukraine-Russia conflict. Russia has cut off energy supplies to the 27-member countries of the Economic and Political Union. Recently, the European Union's finance ministers and G7 members pledged to impose price caps on crude oil and electricity. On Wednesday, Russian President Vladimir Putin stated that Russia will not supply oil, gas, coal, or heating oil to the West.
Europe is now considering energy rationing strategies. Reports suggest that Europe's gas supply could be cut to zero by 2025. A recent survey by the General Confederation of Greek Workers, (GSEE), found that Greeks are eating less because of rising energy prices. 20% of GSEE survey respondents said they spend less on basic food, while 51% stated that they spend less on basic food because of rising energy prices.
The survey states that the Greek economy and society are now facing an unprecedented wave of price rises and revaluation for basic goods. Stagnant incomes also threaten many households and social groups' purchasing power. 47% of GSEE survey respondents said that they expected a "difficult Winter" to come. One in five Greek respondents said that they may not be able pay the energy bills this winter.
Viktor Orban, Hungary's prime Minister, predicted that Europe would face a recession due to the region's raging inflation in July. Orban posted on Saturday that Europe is running out of energy in a Facebook post. Orban blamed Europe's energy problems on "fundamentalist greens" and "the bureaucrats". Orban observed that "if we want to get to the root of the problem, we always end in the same place: The question of energy." The premier of Hungary added:
The reality is that Europe has run out energy.
Hungary is an EU member along with Sweden, Portugal and Slovakia, Slovenia. Spain, Luxembourg. Malta, Netherlands. Poland, Austria. Belgium. Bulgaria. Republic of Cyprus. Czech Republic. Denmark. Estonia. Finland. France. Germany. Greece. Ireland. It. Latvia. Orban stated that Hungary would be fine, despite Europe's energy shortage.
"What can Hungary do to help in this situation?" Orban stated that Hungary and Hungary will do whatever is necessary for the homeland. We won't have an energy shortage. This is not a prediction. It is a fact. There will be enough electricity and gas in Hungary.
What do you think of Europe's energy crisis? And Viktor Orban's statements about it? Please comment below to let us know your thoughts on this topic.
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By: Jamie Redman
Title: Hungary’s Prime Minister Says ‘Europe Has Run out of Energy’ Amid Russia’s Gas Standoff
Sourced From: news.bitcoin.com/hungarys-prime-minister-says-europe-has-run-out-of-energy-amid-russias-gas-standoff/
Published Date: Sun, 11 Sep 2022 21:30:34 +0000
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