Posted on 10/01/2022 6:39:31 AM PDT by FarCenter
Outgoing Italian Prime Minister Mario Draghi and his likely successor have criticised Germany’s 200-billion-euro move to shield its citizens from rising energy prices, saying Europe must act together.
“Faced with the common threats of our times, we cannot divide ourselves according to the amount of room in our national budgets,” he said in a press statement late Thursday (29 September).
It came after Germany announced a 200-billion-euro shield to protect households and businesses from skyrocketing power costs, saying it was in an “energy war over prosperity and freedom” with Russia.
“The energy crisis requires a response from Europe to reduce costs for families and businesses, to limit exceptional gains made by producers and importers, to avoid dangerous and unjustified distortions of the internal market and to keep Europe united once against in the face of an emergency,” Draghi said.
At a meeting of EU energy ministers in Brussels on Friday, Italy’s Roberto Cingolani repeated Rome’s support for an EU-wide cap on the price of gas, something Draghi has been long been calling for.
“Everyone has recognised that there is a priority at the moment, which is to bring down the cost of gas. But there is also a second priority, to avoid in doing so creating a shortage of gas,” Cingolani said.
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Buy your natgas from Russia.
Oh, wait - ripping your own noses off your face with a chainsaw, to spite your face and STICK IT TO PUTIN, is the SMART thing to do.
The mouth-breathing EuroTrash are raising MY energy bills. Effing scum.
How exactly does a monitory shield protect users against a scarcity of supply?
Fortunately, the globalist Elites have recognized their thievery, and taken steps to remedy the problem in Europe.
“ How exactly does a monitory shield protect users against a scarcity of supply?”
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Actually, if I’m remembering my Economics 101 correctly, it doesn’t; it actually increases scarcity by keeping demand up by more than it would otherwise be with the higher prices.
“Everyone has recognised that there is a priority at the moment, which is to bring down the cost of gas.”
The only way to do that is to bring more gas to market.
That’s it. Europe can’t “conserve” their way out of this.
Period.
L
>>The only way to do that is to bring more gas to market.
The Iranians have a lot of gas available. The Germans should do a deal with Iran.
You sir, win this thread.
The German public was coming to understand what it will mean if their steel companies, fertilizer companies, glass companies and toilet-paper companies were shutting down. These companies were forecasting that they would have to go out of business entirely – or shift operations to the United States – if Germany did not withdraw from the trade and currency sanctions against Russia and permit Russian gas and oil imports to resume, and presumably to fall back from their astronomical eight to tenfold price increase. - Michael Hudson
https://smoothiex12.blogspot.com/
Good thing those methane hydrate plugs and shoddy Russian maintenance fortuitously kicked in at EXACTLY the right time to bail out the German Green politicians from the consequences of their country-killing decisions...
DAMN that Putin!!
I see that Chrystia let you out for your morning run.
Kinda like how you send your taxes to Trudeau just to have him step on your neck.
back with your petty personal insults again?
oh right, this war isn’t going well for you Russian shills so you can’t talk about any achievements on the battlefield ... guess petty insults are all you got these days
LOL
(enjoy those sanctions)
Rather than subsidies for energy consumers, Europe probably needs to
1) embark on a crash program of building nuclear power plants, drilling, fracking, reopening old coal mines, building coal fired power plants
and
2) erect massive tariff barriers for a few years until these sources of energy are built.
Otherwise, all of their manufacturing is going to die and quickly. This is not a great solution. Prices for goods will skyrocket. People will feel a lot of pain. But its better than the alternative. 20 years of utterly idiotic energy policy cannot be reversed overnight.
Does Justine follow you with the plastic bag, or does Chrystia do it herself?
He gets a little dish of Justine's oysters after his morning run.
So you think it’s gone well for the average Ukrainian? You don’t see the long term ramifications of Europe’s energy shortage? I’m tired of seeing shit comments about supporting Russia for having enough sense to know we should have sat that out.
I’m going to go out on a limb and say that none of these energy ministers were students of the Chicago school of economics.
Yes,
Anytime, there is scarce resource, there are two ways to solve it - either the price goes up so high that some people just cannot afford it (market way), or by government regulation (socialistic way), when the people could afford it, but there is no product on the market!
Basic Economy 101!
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