Europe is grappling with the alarming prospect of a severe gas shortage in the cold winter months as fears Vladimir Putin will completely cut off supplies to the continent. The European Union has accused Russia of resorting to energy blackmail and claims the move is “politically motivated”, with gas supply flowing from Russia to Europe via the giant Nord Stream 1 pipeline at just one-fifth of its capacity. Is part of.
Eurozone inflation rose again to 8.9 percent in July, compared to 8.6 percent in June and 8.1 percent in May, while earlier this month, the struggling euro regained parity against the US dollar for the first time in more than 20 years.
EU critic and Fraxitor Eric Noirez launched a furious attack against the EU, claiming that the euro has become a “trap that is now closing in on us”.
He told Express.co.uk: “The EU has essentially shot itself in the foot – it has retracted from its principles and its own rules, aimed at economic stability for a frantic, suicidal headlong mob.” which has led to the Euro crisis today.
“Where common sense and pragmatism should have prevented the euro’s divergence, euro fanatics preferred to remain at their fault and keep the euro alive at all costs.
“By a false good idea, the euro has become a trap that is now closing in on us.
“Indeed, the question regarding the euro is not whether this currency will explode or not.
“The euro will explode because the problems it creates are insoluble and because the crisis it is primarily responsible for, as well as the differences it creates between nations, will become too strong not to explode.
“It’s a simple argument: the euro exploded debt, and now debt explodes the euro.
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The EU critic also warned that the euro is a system that has “reached the end of its bond”, but this is “not too surprising”.
He explained: “The situation in the Eurozone is dramatic, not to say desperate: record inflation, record trade deficit, record national debt, continued deindustrialisation, growth still half-mast and, finally, a growing loss of confidence of investors and economic actors .
“And it must be said that there is nothing on the horizon that can improve the situation.
“Indeed, the euro is a system that has reached the end of its bond, but this is not too surprising, as the euro has always been a completely passive monetary system, which Europeans want to survive at all costs. A dogma that is actually irrational.
“Today, the people who made up the European Union are going to pay the price for this political choice that sowed the seeds of disaster within it.”
Generation Frexit chairman Charles-Henri Galois claimed that it was “a mistake to save the euro” and that the single currency “will die sooner or later”.
He said that brutal sanctions from Europe towards Russia in response to the war in Ukraine are actually doing more harm to Europe and warned that if the situation does not change, “Europe will face the biggest financial crisis in its history”. “.
He told Express.co.uk: “Saving the euro was a mistake. The euro was built badly from the start and will die sooner or later.
“Again, I know the situation in the UK is not widely shared, but I think sanctions against Russia are a suicide for Europe.
“Economic sanctions that affect you more than Russia is completely stupid. I am against the invasion of Ukraine but we must stop sanctions and focus on peace to avoid Europe’s suicide.
“If we don’t do this, Europe will probably face the biggest financial crisis in its history.”