国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / World Watch

Europe's economic woes to bring big changes

By Tian Dewen | China Daily Global | Updated: 2022-08-30 09:09
Share
Share - WeChat
In this file photo taken on Feb 23, 2022 cars are transported on a freight train at a depot in Mannheim, southwestern Germany. German car sales fell sharply in June, official figures showed on July 7, 2022, as the sector remained gripped by supply issues. [Photo/Agencies]

Germany's economy may slip into recession this winter, as its inflation rate is expected to reach above 10 percent in the fall, according to the monthly report issued by the Deutsche Bundesbank, Germany's central bank, on Aug 22.

This comes after Germany in May recorded its first foreign trade deficit in more than three decades, pointing to structural challenges and a grim outlook for its economy.

Germany is the engine of European economic development, and its weakening growth is bound to drag down the whole European economy. After experiencing the hottest, driest summer in decades, Europe is now turning to autumn and then winter. Sharp increases in energy prices due to the influence of the Russia-Ukraine conflict may make this winter particularly difficult for Europe, but the economic woes may be more difficult and last longer.

The proximate cause of Europe's economic woes is the "energy transformation". As European countries are cutting off their energy supply systems from Russia and turning to the United States and the Middle East for oil and gas at higher prices, European industries' development will be constrained by low energy supplies and high costs for a long time.

Germany is the center of European industry, and its foreign trade deficit shows that the international competitiveness of European industry is declining sharply.

The prospect of Europe's economic recession will bring big changes to the continent.

First, for Europeans who have been accustomed to keeping indoor temperatures above 25 C in winter, it is already a challenge to keep the temperature down to the government-recommended 17 C, and this is especially true for low-income households, which face rising electricity prices and the pressure of inflation.

Second, a growing number of countries in Europe are likely to experience political unrest as a result of the psychosocial changes of the public. British Prime Minister Boris Johnson is stepping down, Italian Prime Minister Mario Draghi resigned, German Chancellor Olaf Scholz's support rating has dropped to only 25 percent recently, and French President Macron's support rating is also not optimistic at the moment. In Europe, the change of government leaders may not be a big deal. The problem is that those who take over may not be able to reverse the trend of sluggish economic growth and deepening social tensions.

Third, under economic and social pressures, European countries will inevitably be weaker in their willingness to pursue ambitious goals such as promoting European integration, addressing climate change and leading global governance.

The fundamental reason why Europe is in today's decline is that it did not build an independent European defense system after World War II, and its freedom of political choice is greatly restricted.

In 2002, the European Union-Russia Energy Dialogue was set up in the joint statement of the EU-Russia summit, establishing a comprehensive economic cooperation framework based on energy cooperation. In 2013, the EU and Russia reached a principled consensus on building an "integrated market". However, this form of peaceful coexistence and common development of EU-Russia relations was broken by the Crimean crisis in 2014. The leaders of Germany and France at that time actively facilitated the signing of the 2015 Minsk peace agreement between Ukraine and Russia, which continued the general stability of the European region for another eight years, until this year's breakout of the Russia-Ukraine conflict.

Looking back at this process, it may not be hard to judge whether the United States played a destructive or constructive role in Europe. For Europe, to get out of this decline, it must strengthen its real strategic autonomy and abandon the "Cold War mentality" characterized by exclusivity and confrontation. It will be difficult to get out of the predicament without a change of thinking.

The author is deputy director of the Institute of Russian, Eastern European and Central Asian Studies at the Chinese Academy of Social Sciences.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
福贡县| 滦南县| 山阴县| 北票市| 包头市| 黔西县| 辽源市| 岐山县| 福安市| 景泰县| 栾川县| 黄陵县| 南京市| 浦县| 双辽市| 广汉市| 卓资县| 新田县| 泽库县| 金山区| 乐安县| 隆子县| 太谷县| 繁昌县| 延津县| 凤山县| 乌恰县| 泊头市| 罗源县| 钟祥市| 石渠县| 靖边县| 阿瓦提县| 伊金霍洛旗| 阿合奇县| 侯马市| 潢川县| 綦江县| 安塞县| 宜良县| 固始县|