European Union
As Sanctions Against Russia Take Hold, They Are Having The Effect Of Devastating Economies All Over Europe, Who Will Be The First To Fall?
The political impact of the cost-of-living squeeze is ultimately likely to test the continent’s resolve to keep confronting Russia at a time when its president, Vladimir Putin, is threatening to shut off gas supplies amounting to about a third of EU consumption. “This is a sword of Damocles,” said Yves Dubief, whose grandfather founded textile weaver Tenthorey, an employer of 50 people in northeastern France that produces 5 million meters of cloth a year. In such circumstances, the business leader says the state would need to revive measures used during Covid to need help with fixed costs and furloughing workers. “If there is an embargo and we have to reduce our production, whatever the price of gas, it will be a question of whether we are compensated by public authorities.”
Two weeks since Russia began the biggest conflict in Europe since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods from economic sanctions.
Economic sanctions to bring Putler and Russia to their knees? Don’t count on it. In fact, the sanctions placed on Russia over the past 2 weeks is hurting the economies of Europe just as much as it is Russia, and on some levels, even more so. The thing people forget is that Russia is a nation whose people have suffering as their birthright, shutting down McDonald’s and Starbucks doesn’t do anything. But $20 a gallon petrol for the Europeans will wreck their lives and inflict pain that they will not likely survive.
“And the famine was sore in the land.” Genesis 43:1 (KJB)
In many places in the Middle East, flour is already being rationed as Ukraine and Russia account for nearly 30 percent of wheat, 17 percent of corn and over half of sunflower seed oil exports. Critically, Russia is also a major exporter of fertilizer, the price of which has already been soaring. Significant disruptions of Russian exports could see that price jump more — further driving up the cost of food production globally. In the United States soaring gas prices combined with the Biden inflation is already beginning to be felt. But Bidenflation was already in progress before Russia invaded Ukraine.
Shockwaves Spread as Europe’s Economy Reels at Energy Fallout
FROM YAHOO NEWS: A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity from the farmlands of Spain to the euro zone’s manufacturing core in Germany and France.
Surging energy costs are the central complaint, though disrupted supply chains, sanctions and worries about a looming demand drop are also weighing on enterprises. The abrupt shock of war nearby, combined with broad effects and an uncertain duration, will pile pressure on governments to cushion the blow as well as testing their resolve to confront Russia.
“I don’t know what to do if the war in Ukraine continues for much longer,” Spanish pig farmer Lorenzo Rivera said in an interview this week. “I either have to halt production — or close business for good.”
Rivera, whose 200 sows outnumber people in Peleas de Arriba, the settlement in northern Spain where he lives, has endured cost increases for a while — first electricity, then fuel, and then animal feed. It was all manageable until war broke out on the other side of the continent.
The root of the difficulty is the European Union’s reliance on Ukraine for over half its supply of corn, a key source of feed for pigs. With farmers unable to access fields, analysts are slashing outlooks for crops and exports there by as much as a third, sending prices to the highest in about a decade. Other economic disruption is being inflicted by the geography of the crisis. In Germany, the heartland of the euro-zone economy, Porsche AG stopped production of its Taycan electric car in Stuttgart because it lacks cable trees made in Ukraine. Meanwhile its parent, Volkswagen AG, has halted exports to Russia and stopped production at an auto factory in Kaluga outside Moscow.
Most onerous is the energy impact. If current prices persist, the extra cost of importing gas and oil will amount to an income shock of 550 billion euros ($605 billion) or 4.5% of annual gross domestic product, according to JPMorgan economist Greg Fuzesi. Goldman Sachs now reckons inflation will reach toward 8% and the euro zone will suffer a contraction in the second quarter. To many euro-zone businesses, that pinch has been immediately crippling. Just in December, Manuel Rodriguez’s Groupe Kramer took over a century-old porcelain factory in eastern France called Jurassienne de Ceramique Francaise. He has now taken the painful decision to put it in hibernation.
“If we were to pay a gas bill that’s increased 10-fold, we’d hit the wall,” he said. “We would have no other choice but to file for bankruptcy and close down the factory.”
Heading south, along Italy’s coastline, the spiraling cost of fuel has also left many trawlers unable to go to sea and sparked a week-long strike of fishing boats. Carlo Lista, who owns a fishmonger business in Rome’s Monteverde district, says the effect has been dramatic.
“About 80% of fishing boats have stopped due to the surge in fuel prices,” he said. “You go there, and it’s maybe one boat, and one guy bids and then another, and the price just goes up — whoever bids more gets the fish. Prices are just soaring and soaring.”
Grumpy fishermen are calling on Italy’s government to do something about their predicament beyond the 16 billion euros already spent to protect consumers and companies from rising energy costs. That’s a plea being echoed around the continent. In Spain, Prime Minister Pedro Sanchez has already extended a series of energy tax breaks to the end of June. Portugal will cut fuel levies starting on Friday, and other counterparts are likely to take similar action.
With the EU also under pressure to act, leaders are discussing the crisis in Versailles on Friday. One measure the bloc could consider would be to temporarily lift a ban on imports of genetically modified grains from the U.S. and South America to help farmers struggling with supply disruptions, according to Spain’s Agriculture Minister Luis Planas.
What Bloomberg Economics Says…
“If the gas supply is turned off, Germany and Eastern Europe almost certainly face a crunching blow to output, pushing the euro area into recession.”
The political impact of the cost-of-living squeeze is ultimately likely to test the continent’s resolve to keep confronting Russia at a time when its president, Vladimir Putin, is threatening to shut off gas supplies amounting to about a third of EU consumption.
“This is a sword of Damocles,” said Yves Dubief, whose grandfather founded textile weaver Tenthorey, an employer of 50 people in northeastern France that produces 5 million meters of cloth a year. In such circumstances, the business leader says the state would need to revive measures used during Covid to need help with fixed costs and furloughing workers. “If there is an embargo and we have to reduce our production, whatever the price of gas, it will be a question of whether we are compensated by public authorities.”
While such challenges are likely to focus governments in coming weeks, the most immediate task of addressing economic fallout has been left to ECB President Christine Lagarde. Officials accelerated stimulus withdrawal on Thursday as they unveiled forecasts showing inflation averaging 5.1% this year. The war presents a “substantial upside risk” to prices, she said.
Rodriguez, the French ceramics entrepreneur, looks on that threat with dread. He warns that the problems he’s seeing are likely to cascade throughout global manufacturing.
“There is a domino effect,” he said. “All big industrial firms on the planet have the same problem. In the more or less long term, we will all be faced with this problem of gas that’s too expensive.” READ MORE
Russia sanctions: Moscow warns it will retaliate to Europe gas changes
Russia sanctions: Alexander Novak, Russian Deputy Prime Minister speaks of how Russia will retaliate to the European gas movements as he also warned that the actions will cause prices to rise. Novak said Russia, which supplies 40% of Europe’s gas, was fulfilling its obligations in full but that it would be entirely within its rights to retaliate against the European Union after Germany last month froze the certification of the Nord Stream 2 gas pipeline.
Oil price surge and any sanctions hurt Europe more than U.S., expert explains
Seton Hall University Professor Margarita Balmaceda sits down with Yahoo Finance Live to discuss how the energy market would be impacted by the U.S. import ban on Russian oil, additional operational costs for European refineries, and crude oil prices.
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
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When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
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Emmanuel Macron
Emmanuel Macron Releases Photo Of Himself Boxing To Signal That He Is ‘Ready For Battle’ Pitting Europe Against Russia In Solidarity With Ukraine
Intimate portraits of Emmanuel Macron boxing have been described as the ultimate show of ‘virility’ as he appears ‘ready for battle’ against Russia
French president Emmanuel Macron, who as you recall, is also the Co-Prince of Andorra, has just sent a message to Vladimir Putin about the Russia Ukraine War. Macron has signaled to Putin and indeed to all Europe, that he is ready to lead them into battle to defend Ukraine. He did this by releasing photos of himself aggressively punching a boxing heavy bag, taken by the official French presidential photographer, in a move some are saying shows Macron is ready for war.
“But in his estate shall he honour the God of forces: and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.” Daniel 11:38 (KJB)
These boxing photos of Emmanuel Macron by themselves amount to not much more than him indulging in his well-documented narcissistic tendencies. But taken in complete context with the very aggressive pro-war statements he has been making over the past month, now you have something. Not only is Macron on record as saying that ‘European troops should be prepared to fight against Russia in solidarity with Ukraine’, he went on to say that if Europe and the West would not fight for Russia, then they were ‘cowards’. These boxing photos of Macron are funny, funny in the same way that photos of ‘the funny little man with the mustache’ in Germany were funny, right up to the moment that the laughter stopped. Just remember that the last two World Wars started in Europe, spread to Russia, eventually pulling in the United States. WWI killed 20 million with another 20 million wounded, plastic surgery was invented as doctors struggled to deal with the horrific wounds they’d never seen before. WWII killed 55 million, 6 million of which were Jews. Is Macron about to plunge us into WWIII? It’s starting to seem like it.
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Macron boxing pictures show he is ‘ready for battle’ against Russia
FROM THE TELEGRAPH UK: Soazig de la Moissonnière, the official presidential photographer, released two black and white images of a sweaty French president hitting a punch bag in a gym on Instagram. They showed him with bulging biceps as he struck the bag with gritted teeth and veins protruding.
I’ll just leave this right here. For more information, click here: https://t.co/NNgdEwDYV3 #EmmanuelMacron #Antichrist #ManOfSin #LeftBehind pic.twitter.com/mSDfNDffSX
— Now The End Begins (@NowTheEndBegins) February 28, 2024
Nice-Matin, a regional French daily newspaper, said the images conveyed a message of “ultimate virility” that brought to mind those of a bare-chested Vladimir Putin practising judo or riding a horse.
CNews said Mr Macron appeared “ready for battle, his gaze fixed on the punching bag as if determined to beat his opponents”.
“With his features drawn, his muscles bulging and his teeth clenched, the president looks like a real warrior. A situation that echoes the tense news of recent days,” it said.
That was a nod to Mr. Macron’s apparent shift from dove to hawk regarding his stance to the war in Ukraine, urging NATO not to rule out deploying troops on the ground.
“Perhaps at some point – I don’t want it and I won’t take the initiative – we will have to have ground operations…to counter the Russian forces,” he told Le Parisien over the weekend. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Emmanuel Macron
As Emmanuel Macron Says EU Troops May Fight Against Russia For Ukraine, European Commission President Ursula von der Leyen Says ‘Prepare For War’
French president Emmanuel Macron says European troops should be prepared to fight against Russia in solidarity with Ukraine
When will the war between Russia and Ukraine come to an end? Not anytime soon. 4 days ago marked the 2-year anniversary of the day that Putin sent Russian troops to move against Ukraine, the largest attack on any European nation since the end of WWII. October 7th was the largest attack against the Jews since WWII, anyone else seeing where this all might be heading? If you guessed all this is presaging WWIII, congratulations.
“The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.” Ecclesiastes 1:9 (KJB)
And of course, we have our buddy Emmanuel Macron in the thick of it all, as usual, this time raising support for the idea of European troops on the ground alongside Ukraine to fight against Russia. Unthinkable, you say? Not by a long shot, it’s not only probable, it’s likely. Ask Solomon, he knows.
Ursula von der Leyen warns EU states ‘should be prepared for risks of war’ and need to ‘urgently’ rebuild their armed forces – after Emmanuel Macron refused to rule out sending troops to Ukraine
FROM THE DAILY MAIL UK: Ursula von der Leyen has warned that EU states ‘should be prepared for the risks of war’ and need to ‘urgently’ rebuild their armed forces after Macron refused to rule out sending troops to Ukraine.
The European Commission President said the threat of war for the EU ‘may not be imminent, but it is not impossible. The risks of war should not be overblown, but they should be prepared for and that starts with the urgent need to rebuild, replenish, modernize member states’ armed forces,’ she said.
Her comments come after French president Emmanuel Macron warned that while there was ‘no consensus’ on the sending of Western troops to Ukraine, ‘nothing should be excluded’ following a meeting of two dozen European leaders in Paris.
This caused a worrying reaction by Kremlin spokesman Dmitry Peskov, who said if NATO members sent their troops to fight in Ukraine, ‘we would need to talk not about the probability, but about the inevitability (of a direct conflict)’.
Getting involved in the war in Ukraine with boots on the ground would break a major taboo the West has so far been reluctant to challenge – until now, NATO members have only supplied weapons to the Ukrainian army.
While French Prime Minister Gabriel Attal reaffirmed Macron’s comments saying: ‘You can’t rule anything out in a war,’ Downing Street said there were no plans for ‘large-scale’ troop deployment to Ukraine.
A NATO official, who spoke on condition of anonymity, also emphasised ‘there are no plans for NATO combat troops on the ground in Ukraine’ despite the ‘unprecedented military support’ from the alliance. READ MORE
Emmanuel Macron does not rule out sending Western ground troops to Ukraine
French President Emmanuel Macron announced Monday new steps to boost Ukraine in its fight against the Russian invasion, saying not even the sending of Western ground troops was ruled out to achieve Europe’s goal of defeating Moscow.
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
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When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
European Union
HIS KINGDOM COME? Prince William Makes Startling Announcement About Gaza War Leading Royal Watchers To Suspect He’s Preparing To Be King
Israel has responded to Prince William’s statement over the Gaza conflict, saying the country also wants to see an end to the fighting. Is he preparing to be king?
King Charles III was shockingly diagnosed with cancer a few weeks ago, with the Palace being typically tight-lipped about his prognosis, and not revealing many details. But if the recent announcements of Prince William are an indicator, a transition is being talked about if not already actively in the planning stage.
“Save, LORD: let the king hear us when we call.” Psalm 20:9 (KJB)
The announcement published by Prince William calls for an end to the war in Gaza, a release of the hostages and increased aid. It was a very royal, and kingly, statement to make for the prince who seems destined to higher office. Nothing that happens in politics, in any nation, is by accident or coincidence, and it sure looks like England is preparing themselves for a new king.
Israel responds to Prince William’s shock statement over Gaza conflict – as experts claim well-choreographed intervention shows he plans to be a hands-on King
FROM THE DAILY MAIL UK: The Prince of Wales, 41, ramped up his family’s response to the Israel-Hamas war after he and wife Kate had earlier put out a joint statement of ‘distress’. The heir to the throne expressed how his family was ‘deeply concerned’ about its ‘human cost’ in an impassioned statement just hours after Labour leader Sir Keir Starmer called for an ‘immediate humanitarian ceasefire’.
It comes as royal experts say that his well-choreographed call for an end to the Gaza conflict showed he plans to be a hands-on King – while MPs have questioned whether King Charles knew about his son’s statement before it was released. The comment comes just the day before MPs will debate and vote on an SNP measure calling for an unqualified ‘immediate ceasefire’ to end the bloodshed, even if Israeli hostages are not returned.
Labour has added an amendment as it also calls for an ‘immediate humanitarian ceasefire’, adding a string of caveats to the demand.
A spokesperson for the Israeli Defence Forces said: ‘Israelis of course want to see an end to the fighting as soon as possible and that will be possible once the 134 hostages are released and once the Hamas terror army threatening to repeat the October 7 atrocities is dismantled.
‘We appreciate the Prince of Wales’ call for Hamas to free the hostages. We also recall with gratitude his statement from October 11 condemning Hamas’ terror attacks and reaffirming Israel’s right of self defence against them.’
Conservative MPs were wary of publicly criticising Prince William but some questioned the royal’s ‘highly political’ message, calling his intervention ‘unwise’. But royal expert Richard Fitzwilliams said today’s intervention was evidence that William was following elements of his father Charles’ ‘outspoken’ approach to issues of the day.
He told MailOnline: ‘The language William used in this statement was very stark.
‘William has not been outspoken in the same way as Charles and tends to behave more like the Queen by being very circumspect.
‘But he can be outspoken in very specific circumstances when he knows his words will carry weight.
‘So while their style is very different, there something in his father in the way he made this statement.
‘Over time we will judge how his style develops.’
Mr Fitzwilliams added that William was ‘following in his father’s footsteps’ by showing his interest interfaith relations. The Prince’s statement insisted ‘too many have been killed’ since Hamas’s terrorist attack on Israel on 7 October last year. READ MORE
King Charles III Opens COP 28 With A Call To Global Paganism
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
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