Alas, poor Europe. I knew it well, Horatio.
POSTED BY: SIGNYM
UPDATED: Tuesday, August 18, 2026 23:33
VIEWED: 7239
PAGE 7 of 14
Quote:
Angry Customers Demand Explanation As German Energy Bills Soar
https://oilprice.com/Latest-Energy-News/World-News/Angry-Customers-Dem
and-Explanation-As-German-Energy-Bills-Soar.html
You mean they only want an explanation NOW??? Where have they been hiding for the last 6 months?
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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Quote:Really? I thought it was exceptionally well written, which is why I posted it.
Originally posted by Magonsdaughter:
What a terribly written article - so trashy
What do you find fault with?
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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Quote:Let's not forget Hungary and Poland, both of which are following nationalist policies.
Meloni's Right-Wing Alliance Wins Clear Majority In Italian Elections
Monday, Sep 26, 2022 - 09:44 AM
First Sweden, now Italy.
Quote:This is very mu
Europe's unelected authoritarian ruler, Ursula von der Leyen, is not going to be happy: according to early exit polls out of Italy's national election, the right-wing bloc of Giorgia Meloni - which the ultra-left wing press just can't stop comparing to Mussolini - is set for a historic, if largely expected, victory and a clear majority (if, however, not a super-majority) which will propel Meloni to the top of the Italian government as the country's next prime minister, ushering in a historic right-wing shift for a country that - like Sweden until two weeks ago - has traditionally been very left-wing.
Meloni's Brothers of Italy party, which won just 4% of the vote during the last national election in 2018, won the biggest share of the vote in Sunday’s parliamentary elections with around 22.5%-26.5% of the vote according to an exit poll released by Italian national broadcaster Rai. She is now set to become prime minister but would require approval from junior partners in her coalition to assume the role.
* Italy election exit poll: right-wing block (Meloni's Fratelli d'Italia + Lega + Forza Italia) on track for clear majority in both upper and lower houses of Italian parliament. https://t.co/3ha7oz6tgX
— Jeremy Cliffe (@JeremyCliffe) September 25, 2022
According to an exit poll from Rai, Meloni's alliance which includes Salvini's League and Berlusconi's Forza Italia will win around 43% of the vote. The Center-Left alliance will have just 25.5%-29.5% of the vote, while the 5 Star movement has 13.5%-17.5% of the final vote.
Italy’s electoral system, which strongly favors parties that run as part of a coalition, is expected to help the right to an ample majority in both houses of Parliament: with 228 votes in the Lower House and 115 seats in the Senate (according to SkyTG24), Meloni will have a majority as just 104 votes are required.
As the WSJ notes, the Italian election is "the first big test of the European Union’s political cohesion as it confronts Russia’s attempt to redraw the continent’s post-Cold War order. Russian President Vladimir Putin’s restriction of natural-gas deliveries has sparked an energy-price crunch that, combined with other inflationary pressures, is expected to push much of Europe into a recession this winter."
Meloni replaces former Goldman Sachs partner and ECB technocrat and globalist, Mario Draghi, and will be the country’s first female prime minister.
The likely right-wing government will face difficult decisions over how to protect Italian households and businesses from sky-high prices for natural gas and electricity. While Italy’s parlous public finances allow limited scope for fiscal largess, if the UK is any example - and it is - Italy will engage in a similar strategy of targeted and debt-funded fiscal stimulus which will lead to a blowout in Italian debt, a further plunge in the euro and much chaos everywhere.
Italy's massive debt of roughly 150% of GDP, combined with Italy’s weak long-term growth record, makes the country vulnerable to bond-market selloffs if investors lose confidence in the soundness of Rome’s fiscal policies, and dependent on the European Central Bank to keep its bond yields stable. ECB support has typically been conditional on Rome following cautious budget policies and enacting economic overhauls aimed at improving growth. In other words, the Berlusconi example of 2011 is still vivid - if Meloni's policies displease the ECB, Christine Lagarde will simply refuse (or forget) to buy Italian bonds, sparking Europe's next sovereign debt crisis at the worst possible moment.
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Looks like Greens may have committed an act of terror/ sabotage
Quote:
Blasts Detected Near Nord Stream As Images Reveal "Huge Leak"
Remember what President Biden said weeks before Russia invaded Ukraine:
*"If Russia invades...then there will be no longer a Nord Stream 2. We will bring an end to it."
Europe can say goodbye to its gas supply this winter. (Of course, they'll blame Russia.)
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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Quote:The most complicated sabotage the Greens have ever achieved is driving steel spikes into trees in order to break band-saws at lumber mills. Those technological morons of the Green Party (a plan with more than 5 steps puts the dizzy Greens into a tizzy) could NOT place explosives on a pipeline that is 100 feet underwater. It was a nation, Russia, that blew up those pipelines.
Originally posted by SIGNYM:
Looks like Greens may have committed an act of terror/ sabotageQuote:
Blasts Detected Near Nord Stream As Images Reveal "Huge Leak"
Remember what President Biden said weeks before Russia invaded Ukraine:
*"If Russia invades...then there will be no longer a Nord Stream 2. We will bring an end to it."
Europe can say goodbye to its gas supply this winter. (Of course, they'll blame Russia.)
https://www.theguardian.com/business/2022/sep/27/nord-stream-1-2-pipel
ines-leak-baltic-sabotage-fears
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:How is the weather in Nilbog?
Originally posted by Magonsdaughter:
What a terribly written article - so trashy
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How Liz Truss (new UK Prime Minister) Did So Much Damage in So Few Days
Oct. 3, 2022
Truss and Kwasi Kwarteng, the chancellor of the Exchequer, justified their moves with the much discredited claim that reducing top tax rates would provide a huge boost to economic growth. This raised doubts about their competence and, indeed, their connection to reality; it’s never good when economists at major banks declare that a country’s ruling party has become a doomsday cult.
Questions about Truss’s judgment were reinforced by the cluelessness of her timing. Right now ordinary Europeans, including Britons, are facing hard times, largely as an indirect consequence of Russia’s invasion of Ukraine. The Ukrainians, incredibly, seem to be winning the war; it doesn’t detract from their valor to say that Western weapons have played an important role in their success. So Vladimir Putin has tried to place pressure on the West by cutting off natural gas flows.
This is a huge adverse economic shock to Europe, probably bigger than the oil shocks of the 1970s. Governments are trying to limit the pain caused by soaring energy bills. But all of Europe — again, including Britain — is facing something like the economic equivalent of war. (America is much less affected, although natural gas prices have risen here too.) And as in wartime, government policies need to promote a sense that people are all in this together.
At such a time, slashing taxes for the rich, who are already less affected by higher energy prices than people with lower incomes are, instead sends the message that only the little people will face hardship. This message is especially toxic given that the British public is already in an uproar over cuts to public services, especially health care, and wants to see taxes go up, not down, to pay for more. And it’s hard to govern effectively when you’ve angered most of your nation.
There was one more factor in the market turmoil created by the Truss proposals, which amplified the effects of lost credibility. It turns out that British pension funds, which own a lot of British government bonds, have tried to reduce risks with complex financial strategies that require that they put up extra cash when interest rates rise and bond prices fall. When interest rates suddenly jumped, pension funds couldn’t raise enough cash on short notice — and this threatened to force fire sales of bonds that would have pushed rates even higher. Emergency intervention by the Bank of England limited the damage, but the episode added even more anxiety.
And yes, with interest rates rising almost everywhere, one has to wonder whether there are other financial crises waiting to happen. The British bond meltdown was probably exceptional, but nobody who remembers 2008 can avoid feeling some anxiety.
But back to the Truss debacle. As I said, the savage market reaction to the new prime minister’s plans was about more than money. In tough times, leaders need to be perceived as being both realistic and fair. What Britain got instead was a leader who seems to live in a fantasy world and is oblivious to concerns about social solidarity. And it’s going to be very hard to make up for the damage she did in just a few days.
https://web.archive.org/web/20221004000323/https://www.nytimes.com/202
2/10/03/opinion/truss-britain-bonds-taxes.html
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by SECOND:
How Liz Truss (new UK Prime Minister) Did So Much Damage in So Few Days
If Second agrees this statement is a fact, you can be assured that it is not a fact.
Thank you for being so constantly wrong about everything, buddy. You're a great barometer for all of us.
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Falsus in unum, falsus in omnibus
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Quote:
Originally posted by SIGNYM:
The end of the "age of abundance", where abundance means hot showers, street lights at night, eating meat, warmth in the winter...
Multiple EU "leaders" tell their people to suck it up.
It's the Russian people who have to suck it up comrade.
T
"The Pressure On Putin Grows," As Ukrainian Fighters Push Deeper Into Russian-Controlled Areas
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Quote:
Originally posted by THG:Quote:
Originally posted by SIGNYM:
The end of the "age of abundance", where abundance means hot showers, street lights at night, eating meat, warmth in the winter...
Multiple EU "leaders" tell their people to suck it up.
It's the Russian people who have to suck it up comrade.
T
"The Pressure On Putin Grows," As Ukrainian Fighters Push Deeper Into Russian-Controlled Areas
Meanwhile... In Russia.
But! But! He isn't even cooking anything!!!
Yup. Keep telling us about how Russia is losing.
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Falsus in unum, falsus in omnibus
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