综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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
阳朔县| 鄂伦春自治旗| 龙口市| 邹平县| 龙门县| 新乡县| 柞水县| 渑池县| 刚察县| 五莲县| 阳东县| 潞西市| 宁德市| 曲周县| 芜湖市| 荣成市| 建宁县| 苏尼特左旗| 石首市| 安阳县| 陈巴尔虎旗| 巧家县| 南靖县| 湄潭县| 清苑县| 宁阳县| 子长县| 建昌县| 昌图县| 平度市| 东兰县| 布尔津县| 新田县| 邓州市| 萍乡市| 沾化县| 大化| 天台县| 衡水市| 格尔木市| 上蔡县|