” Danger. Towards revolts in Europe on energy prices! » Editorial by Charles SANNAT

" Danger.  Towards revolts in Europe on energy prices!  » Editorial by Charles SANNAT

My dear impertinents, dear impertinents,

The movement of the Yellow Vests is still in everyone’s memory.

We had to be sorely lacking in political flair, moreover, to let this crisis become encysted as the government of the time and Macron were able to do.

This crisis was linked to a few cents more that the government wanted to put on diesel.

Our country, historically eruptive, has logically “erupted”!

It was predictable.

However, the whole country was not yellow vest.

Also logical and predictable.

A large part of the population does not depend on the “car” as a means of subsistence, as a work tool and as the only means of transport. Overall, city dwellers have become accustomed in recent years (often forced and forced by the way) to do without cars in favor of public transport.

Results ?

Half of France was yellow vest, and the other half absolutely did not see where the problem was.

Energy concerns all French people!

The problem with crazy energy prices is that they affect all French people. Absolutely all.

The potential for revolt is therefore monumental and the reservoir of malcontents almost infinite.

From the French in the cities to the French in the countryside, everyone has to heat themselves, and even more among the French in the cities, because the French in the countryside who were yesterday Yellow Vests, generally have a wood stove, a wood stove pellets and a small stock in advance. The French in towns only heat themselves with gas or electricity.

The bills will be so painful that they cannot be paid.

To avoid non-payments, as much if take in advance and foresee the problem.

And even the unions are alerting on the subject. This means that the crisis in energy and heating bills is obviously predictable. Moreover, it has already started for businesses, and nothing is being done… or very little.

Still too little.

Always too late.

Always with people’s money.

Terrible improvidence.

Terrible inconsistency of the public authorities.

Energy becomes “unaffordable” for “millions” of workers, warn European unions

Rising electricity and gas prices are making the energy bills of millions of Europeans “unpayable”, warned the European Trade Union Confederation (ETUC) in a statement on Tuesday.

“Some 9.5 million workers were already struggling to pay their energy bills” before inflation soared to a record high of 9.1% over one year in August in the euro zone, says the ETUC, based on a study by the European Trade Union Institute. From July 2021 to July 2022, the cost of gas and electricity increased by 38% across Europe “and it continues to climb”. As a result, in sixteen Member States of the European Union (EU) including France, “workers paid the minimum wage must set aside the equivalent of a month’s salary or more to continue to have light and heat at home”, deplore the unions. In 2021, this was only the case in eight of the twenty-seven EU Member States.

In 2022, an Estonian worker must work twenty-six days longer than in 2021 to pay his annual energy bill, and a Dutch worker twenty additional days. In Slovakia, Greece, the Czech Republic and Italy, “the average annual energy bill now represents more than a month’s salary for an active paid at the average salary” of his country, details the ETUC. “When your annual bill costs more than a month’s salary, there are no tricks to saving money. These prices are simply unaffordable today for millions of people.is alarmed ETUC Deputy General Secretary Esther Lynch, quoted in the press release.

The unions therefore call on European governments, who will meet at the end of the week in Prague to discuss energy issues, to “put an end to unsustainable price increases”. Source Le Figaro.fr here

Energy prices need to be capped

In France, this is called the tariff shield.

It is essential.

We cannot do otherwise.

Through our geopolitics we have created a terrible crisis with our Russian neighbor.

We cannot pay the price except at the price of an unprecedented economic collapse.

We will be forced to “subsidize” energy prices.

It will increase deficits, reduce the value of our currency, increase monetary inflation.

The sad choice is between monetary inflation or energy price inflation.

Brilliant policy therefore which is that of the European Union which dreams of being powerful and powerful but which is only a paper tiger, without energy, without natural resources, soon without industry.

A sinking Europe led by donkeys.

It is already too late, but all is not lost.

Prepare yourselves !

Charles SANNAT

“Insolentiae” means “impertinence” in Latin
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