Emergency measures of 50,000 euros for EU farmers and hauliers are being announced to try to prevent the economic meltdown of the EU in an utterly pointless war started by Trump on the advice of Jred Kushner just do he and his pals could make easy billions getting Pentagon contracts, it seems.
Unfortunately, mass starvation in the EU may also happen if prices soar higher because vast numbers of people already find their money does not cover bills, expenses. What happens when millions have absolutely no money left to eat? If populations collapse?
Greece depends for about 20% of its GDP from tourism. What if the tourists do not come because the jet fuel and plane costs are too high?
Lufthansa has cancelled 20,000 flights.
https://www.euronews.com/travel/2026/04/22/lufthansa-group-cancels-20000-flights-as-jet-fuel-prices-soar
China and Russia and Iran will buy up Europe.
From media
Europe is losing nearly €500 million a day as the Middle East conflict drives up fossil fuel costs, European Commission President Ursula von der Leyen said Wednesday, as turmoil in the Persian Gulf continues to rattle global energy markets.
“In just 60 days of conflict, our bill for fossil fuel imports has increased by over €27 billion, without a single molecule of additional energy,” she told the European Parliament in Strasbourg.
On Tuesday, the Wall Street Journal reported that U.S. President Donald Trump has instructed aides to prepare for a prolonged blockade of Iran, a strategy aimed at squeezing Tehran’s economy by restricting shipping to and from its ports. The approach risks further disrupting oil and gas flows through the Strait of Hormuz, through which a quarter of global oil trade and significant volumes of natural gas and fertilizers flow.
https://www.politico.eu/article/eu-is-losing-e500m-a-day-in-energy-crisis-ursula-von-der-leyen-warns/
EU farmers and hauliers to get up to €50,000 to cover extra costs of Iran war
Fishing companies can also access subsidies in loosening of state aid rules to cover fuel and fertiliser price rises
https://www.theguardian.com/world/2026/apr/29/eu-farmers-hauliers-fishing-subsidies-up-to-50000-fuel-fertiliser-iran-war
No comments:
Post a Comment