A futuristic picture of Europe?

 A futuristic picture of Europe?

As days become shorter and Europe moves towards the dark seasons of the year, after Covid lockdowns, come the Dark Ages. In Southern European regions, it would not be much of a problem, but the most affected regions of Europe will include highly industrialized areas. 

Manufacturing will be reduced, commercial activity will be reduced, and we will have to calculate the consequences that in some ways could be pretty similar to what Europe had to face because of the measures implemented to deal with the Covid pandemic. As inflation takes hold and energy prices go up, the lack of economic activity with add to the pile of debt - both public and private - destabilizing economies even more leading to what the Deputy President of the European Commission called 'social unrest'.

German cities impose cold showers and turn off lights. Rising production costs in the UK lead to 4.4% in UK shop prices. It is said that EU member states have very different energy mixes: a few countries were nerarly 100 per cent depedent on Russian gas while others used none, indicates an article published by The Guardian in London, UK. There is discontent in countries that used little or no Russian energy that are now forced to make sacrifices for those that spent many years using cheap gas imported from the Russian Federation.

In the meantime, the Rubble, the Russian Federation currency, is booming. Simon Jenkins states that sanctions against the Russian Federation have visibly backfired. Energy prices are rocketting, inflation is soaring and millions are being starved of grain. Having said that, for EU member states the worst is still to come. Keep an eye on Western economies. Keep an eye on political developments. As inflation rises, industrial unrest will grow and political stability will vanish.