Is Europe On The Brink Of Collapse ?
So we all probably know that inflation is not over. Yes, maybe energy prices have decreased, leading to a decline in overall inflation numbers. However, the cost of food continues to rise, and that is what affects most people and their livelihoods the most.
But once again, we are witnessing a paradox that highlights the stark differences within the European Union and the remarkable resilience that keeps it together in its current state. Germany, Europe's largest economy, is experiencing an increase in its Consumer Price Index (CPI) and core CPI, which have reached 6.8%.
source
The rise in inflation is not significant, but it is concerning to see it increasing again, especially for Germany. The country has been heavily impacted by Russian sanctions and the rise in natural gas prices. Some may argue that it's Germany's own fault for relying too much on Russian natural gas, which made them extremely dependent on it. Although things are changing now, it has not been without causing damage.
On the other hand, Spain is experiencing deflationary pressures, with inflation falling below the target of 2% set for all countries. Meanwhile, the European Central Bank (ECB) has planned two additional 0.25% interest rate hikes and has indicated that high rates will persist for a long time, possibly years. However, the ECB needs to approach Spain and Germany differently due to their contrasting problems. In the past, when Europe faced such divergent situations, the Eurozone nearly collapsed. This situation raises genuine concerns, and I'm curious to see how the ECB will navigate it. Will it favor mighty Germany, the "good kid" of the Eurozone, or Spain, one of the struggling countries in the south.
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It's really hard to decide which nation-state would be left hanging. But seeing how Germany is being hit because of their dependence on Russian energy may be the catalyst to them seeking more and more alternatives until they can depend fully on themselves which I think would favour them in the long term.
Spain on the other hand is another case but I think they will find it hard to thrive compared to Germany which is probably going to be in good shape 10 years from now if they get to solve all their energy problem.
But we never know this might be the era of a mighty Spain we were not expecting.
Yes Germany's problems are because of their dependence in the Russian Gas i also believe if they solve it they will return stronger
It's a hard situation and things could fall apart. I'm hoping that for the good of everyone there it won't. let's cross our fingers!
Yeap
@trumpman was right... It's going to collapse after all...
If you expect the worse like him you never get disapointed
I'm not actually until something like 2030
Spain’s also being hit hard by the changing climate.
Yes i am sure because of it's already warmer climate
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Many have predicted Germany and Europe would be in recession by 2024 and it is looking more like it will happen.
Germany seems to be in the worst place in Europe and that's not good for Europe as a whole since it's the one with the most influence
My previous @v4vapp proposal has expired. I have a new one which is running but unfunded right now. I'm still running @v4vapp and all my other services.
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Please consider asking your friends to vote for prop #265 or consider unvoting the return vote.
For understandable reasons in the current crypto climate it is harder to get funded by the DHF, I accept this so I'm asking a wider audience for help again. I will also redraft this proposal with more details (coming soon). I'm also looking for other funding sources.
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If you have used v4v.app I'd really like to hear your feedback, and if you haven't I'd be happy to hear why or whether there are other things you want it to do.
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Out of 100+ comments only 1 person who has 0 personal stake in Hive doesn't like it. I take this as a huge win.
I am the designated truth teller.
Ps: you inadvertently admit to spamming. 100+ lol
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