Europe walks towards the abyss

Published
08/19/2022 04:45

Updated
08/19/2022 04:50

Emergency meeting in Brussels. Ursula has summoned Emmanuel, Olaf, Mario (acting) already Pedro (his favorite) to analyze the situation of the European Unionthe consequences that occurred after the unleashing of the Russian invasion of Ukraine and study measures to face the future.

The sanctions to Russia have not had the expected result, the ruble is stronger than ever, its trade balance continues to grow, raw materials end up in Europe at higher prices through intermediaries and they can afford to use gas with Europe like cocaine to a drug addict.

In parallel, USAalthough affected by inflation, sees its economy grow after reopening the broken wells of fracking to sell the gas at double the price and to have obtained multi-million dollar commitments from the members of the NATO in weapons matters. At the same time, China it intensifies its global presence without losing an ounce of its influence and allows itself to lower interest rates to carry out an unprecedented economic offensive.

By contrast, in Europe, inflation is eating the economy. Industry and services are in clear decline announcing the imminent recession. The dependence on gas has the population terrified before the arrival of winter, the disunity after the position adopted with Russia flutters through its skies, it has taken the Italian government ahead and the rest of the rulers are at their worst valuation indices. Lastly, the European Central Bank, to combat inflation, hesitantly raises interest rates and continues to buy sovereign debt incessantly. More gasoline on the fire.

-Friends. I have summoned you here today because Europe is heading towards the abyss. We must take action immediately. Faced with the obvious reality, I want to know what you are going to do—Introduces Úrsula.

—We, in Germany, are going to establish a surcharge on citizens for the use of gas in order to reduce dependence and we will continue to send weapons and money to Ukraine. I’ve also asked Pedro to finish the MidCat gas pipeline in time for winter— Olaf responds to Úrsula’s astonished look.

“And you, Emmanuel, what do you plan to do?” Ursula asks.

I have “suggested” the French to be respectful of the environment and to be “generous” with Europe in the energy supply

-Any. In France we are fine. My “energy shield” freezing prices to citizens and small businesses has allowed our inflation to be the lowest (6.1%). We have approved in the Assembly a package of 20,000 million in aid and revaluations for pensioners and civil servants. I have “suggested” the French to be respectful of the environment and to be “generous” with Europe in the energy supply. Finally, I have already given my approval for Sweden and Finland to join NATO. Emmanuel points out.

—My dear Mario. I know you’re here out of courtesy. What can you tell us about Italy? Ursula asks.

—Dear friend. Italy is in the hands of the gods. The polls for the September elections give Meloni the victory. I can only tell you that this will be terrible news for Brussels. I dare not predict the consequences. Mario replies.

—But… are you planning to do something there? Ursula insists.

—I have drafted an aid decree, but I don’t know if it will arrive on time. My power is very limited. With having ensured the gas supply with Algeria, thanks to Pedro’s generosity, I am already satisfied— Mario concludes.

—And you, my dear Pedro, who have always characterized yourself by always taking the lead and being an example to everyone, what do you plan to do? Úrsula asks with a complicit smile.

“Friends, Ursula. In Spain we have launched an energy saving decree in record time establishing temperature highs and lows, turning off lights and the application of exemplary economic sanctions to all those who fail to comply. Success is guaranteed —explains Pedro proudly.

—And that wonderful plan, have you agreed on it? Is Congress going to ratify it in 30 days? Ursula asks suspiciously.

-Of course! You already know, my dear Úrsula, that my power of persuasion has no limits,” concludes Pedro.

— Conclusion, gentlemen: Nobody governs a Europe that is heading inexorably towards the abyss, Úrsula underlines.

Today, in this text, we have established the diagnosis of Europe. In another forthcoming text, we will try to advance the future future of Europe.