European Economics Thread

PiSigma

"the engineer"

second most powerful nation in European union. 50% of the French earn less than €2k a month ($24k a year). This is BEFORE taxes on income. these tiny countries can't even manage 60-70 million people. insane
I have never understood how people could live on so little in Europe where everything is expensive. My cousin in Germany and her husband are both engineers and complain being too poor all the time, and they make 100k+ euro per year each (after taxes).
 

BlackWindMnt

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I have never understood how people could live on so little in Europe where everything is expensive. My cousin in Germany and her husband are both engineers and complain being too poor all the time, and they make 100k+ euro per year each (after taxes).
Urban rural divide i guess for the price of an average working class house in rural areas of the Netherland i might just be able to buy a studio or a parking place in the big urban cities of the Netherlands.
 

PiSigma

"the engineer"
Urban rural divide i guess for the price of an average working class house in rural areas of the Netherland i might just be able to buy a studio or a parking place in the big urban cities of the Netherlands.
My cousin lives in Duisburg, so not like it's a big city or anything but still expensive. My uncle lives in Frankfurt and things get expensive there for sure. But I find prices in Germany whenever I'm there is fairly stable for most goods throughout (but I haven't been back since years ago).

Biggest cost difference I see for rural urban divide is in Spain and France. Things in Paris is definitely 2x more than Bordeaux, and 2.5x more than Dordogne. I picked other touristy places so not too out of way where prices could be super cheap.
 

tphuang

Lieutenant General
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Super Moderator
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My cousin lives in Duisburg, so not like it's a big city or anything but still expensive. My uncle lives in Frankfurt and things get expensive there for sure. But I find prices in Germany whenever I'm there is fairly stable for most goods throughout (but I haven't been back since years ago).

Biggest cost difference I see for rural urban divide is in Spain and France. Things in Paris is definitely 2x more than Bordeaux, and 2.5x more than Dordogne. I picked other touristy places so not too out of way where prices could be super cheap.
Just from my personal travel, depends on the city. Barcelona was probably expensive, but Madrid was not. Southern Spain was not much cheaper than Madrid. Paris is probably twice as much as central France in food and lodging, but not any worse than Cote d'Azur where all the tourists go.

Just thinking about my time in Lyon, you can get really good meals for 25 euro. High quality wine was going for 10 euro a bottle. Housing was pretty affordable. So yeah, I would say you can probably have a comfortable life at 3k a month. With gas and electricity price at where they are, I wouldn't know how you can make it through winter time.
 

Strangelove

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EU citizens face mass poverty – expert​

Households will fall behind on their energy bills, analyst warns


Rising energy prices could lead to mass impoverishment in the EU, a professor at the University of Liege in Belgium told French news site Atlantico on Monday. Damien Ernst warned there is no indication that the situation will improve after this winter.

EU households will fall behind on their energy bills, Professor Damien Ernst says. According to him “the perfect storm” that has formed in energy markets is expected to have a major economic impact on households and businesses.

Ernst suggested that in Belgium, households on average will be paying €10,000 ($10,000) a year for power and heating.

The energy crisis will be far worse than the 2008 financial crisis and the oil shocks of the 1970s, he said, adding: “This will have economic consequences, especially for purchasing power, and lead to financial constraints.” With such a jump in energy prices, “it will be impossible to control inflation,” Ernst warned.

Power prices in Europe have continued to reach record highs, intensifying the region’s energy crisis and stoking fears about access to electricity and heating as the weather begins to cool.
 

ZeEa5KPul

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EU citizens face mass poverty – expert​

Households will fall behind on their energy bills, analyst warns


Rising energy prices could lead to mass impoverishment in the EU, a professor at the University of Liege in Belgium told French news site Atlantico on Monday. Damien Ernst warned there is no indication that the situation will improve after this winter.

EU households will fall behind on their energy bills, Professor Damien Ernst says. According to him “the perfect storm” that has formed in energy markets is expected to have a major economic impact on households and businesses.

Ernst suggested that in Belgium, households on average will be paying €10,000 ($10,000) a year for power and heating.

The energy crisis will be far worse than the 2008 financial crisis and the oil shocks of the 1970s, he said, adding: “This will have economic consequences, especially for purchasing power, and lead to financial constraints.” With such a jump in energy prices, “it will be impossible to control inflation,” Ernst warned.

Power prices in Europe have continued to reach record highs, intensifying the region’s energy crisis and stoking fears about access to electricity and heating as the weather begins to cool.
What price do you put on Freedom?

Then again... but at what cost?
 

horse

Colonel
Registered Member
I have a hard time believing any of this.

There will be no sacrifices.

People in Europe are soft. That Greece debt crisis a few years ago, where they had no money, but refused to give up a single thing, that is Europe today.

They want no consequences for actions they may or may not have made.

Hardly anyone will turn the heat off in winter this year in Europe. They might turn it lower, they won't go without heat. They will continue to shower, and not use wipes to clean themselves. That is so funny.

Life will continue as usual, just that everything is more expensive, and everyone is a lot poorer.

It's really bad. :(

I know it is really bad, because the reports do not even mention the actual price of European gas they have to pay! :D

When they do not even talk about it, then they probably know there is no solution available right now.

When the war first started and prices went up, they could still manage and sacrifice a bit. The gas prices now in Europe, which do not appear to be coming down and probably will still go up, only a minority will be able to manage their personal finances, while lots of people will be heading for the poor house.

Europeans will be angry and upset this winter. They are a democracy. The Chinese and Russians did not vote anyone in to the government in Europe.

Will the average European person blame their own government or blame Putin?

If they blame Putin, it does not matter, because Uncle Vlad is too busy counting the money Russia gained from the increased gas sales to be bothered with that.

It is going to get interesting.

It is Chairman Mao timez!

Chairman Mao quotation, "A single spark can start a prairie fire."

Not a bad idea. Gotta stay warm this winter.

:oops::D
 

Abominable

Major
Registered Member
Just in time for Liz Truss to take over and keep up with her extremely hawkish stance while British people will suffer huge hardship.
I think UK will suffer more than the Eurozone.
The UK could avoid a lot of the problems by nationalising their gas and ration it to the public at below market rates. The economy will take a hit but at least people won't freeze to death. With a conservative government it's going to take serious civil unrest for them to do that.

The problem with this is that most of the gas fields are in Scottish territory. It won't take long before Scotland realises they are subsidizing the other nations in the UK and decide to leave. Then they will be in a Norway type situation with enough gas to support their own population and economy.

I have zero faith in the UK government and expect that they will handle the energy crisis just as badly as they handled COVID.
 
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