European Economics Thread
- Thread starter PiSigma
- Start date
There should be one. The last one was mostly "fixed" by extend-and-pretend policies and massive ECB bond-buying. Italy among others need to rein in their debt spending and live sustainably.
How have car exports evolved over the last 22 years?
Big losers were Canada and the UK. I expected that. I did not think Japan was also a relative loser. Most of this period was before the EV revolution. I suspect the EU's share will decrease as the legacy automakers are dragging their feet on the transition to EVs. China will continue to go up.
One thing these numbers don't capture is value-add. Mexico likely adds very little value-add other than assembly whereas China now exports fully indigenised cars. So if we were to look at value-add, the list would have been even more lop-sided to just EU+US+Northeast Asia.
Big losers were Canada and the UK. I expected that. I did not think Japan was also a relative loser. Most of this period was before the EV revolution. I suspect the EU's share will decrease as the legacy automakers are dragging their feet on the transition to EVs. China will continue to go up.
One thing these numbers don't capture is value-add. Mexico likely adds very little value-add other than assembly whereas China now exports fully indigenised cars. So if we were to look at value-add, the list would have been even more lop-sided to just EU+US+Northeast Asia.
At last some positive news in the European energy sector.
"The board of directors of Orano has approved an investment of some EUR1.7 billion (USD1.8 billion) to raise the production capacity of the Georges Besse II (GB-II) uranium enrichment plant at the Tricastin site in southern France by more than 30%.
...
The additional cascades will increase the plant's capacity by 2.5 million separative work units (SWU), the measurement applied to uranium enrichment.
...
He noted "the importance of the support of the Japanese (Japan France Enrichment Investing, a consortium of Japanese utilities) and Korean (Korea Hydro & Nuclear Power) shareholders in the Tricastin enrichment company SETH (Société d'Enrichissement du Tricastin Holding) in the realisation of this project"."
BUT
"We are happy to say that we would be able to start up production in 2028, with a ramp-up over two to three years up to a nominal production in 2030."
France is also investing in uranium mining in Mongolia now that they were kicked out of Niger.
The French used to import 27% of their uranium from Kazakhstan, 20% from Niger, and 19% from Uzbekistan.
"The board of directors of Orano has approved an investment of some EUR1.7 billion (USD1.8 billion) to raise the production capacity of the Georges Besse II (GB-II) uranium enrichment plant at the Tricastin site in southern France by more than 30%.
...
The additional cascades will increase the plant's capacity by 2.5 million separative work units (SWU), the measurement applied to uranium enrichment.
...
He noted "the importance of the support of the Japanese (Japan France Enrichment Investing, a consortium of Japanese utilities) and Korean (Korea Hydro & Nuclear Power) shareholders in the Tricastin enrichment company SETH (Société d'Enrichissement du Tricastin Holding) in the realisation of this project"."
BUT
"We are happy to say that we would be able to start up production in 2028, with a ramp-up over two to three years up to a nominal production in 2030."
France is also investing in uranium mining in Mongolia now that they were kicked out of Niger.
The French used to import 27% of their uranium from Kazakhstan, 20% from Niger, and 19% from Uzbekistan.
Last edited:
Slower demand from China coupled with highly indebted due to previous leverage buyouts mean many EU companies are in trouble.
“Highly levered companies with a concentrated portfolio have limited flexibility to deal with financial challenges, so for them slowing demand in China can bring about difficulties and credit risks,” said Svitlana Ukrayinets, a Frankfurt-based analyst at Moody’s Investors Service.
The impact of a slowing China won’t be systemic — Moody’s estimates that among the European companies it provides credit ratings for, only 8% of revenues on average come from China — but will bring pain across several industries for those businesses that rely heavily on the market.
IGM Resins BV, owned by private equity firm Astorg Partners SAS, makes energy curing products for a variety of industries including graphic arts, industrial coatings and adhesives. China accounts for a third of the market for ultraviolet curing products, according to Moody’s, but economic growth slumped last year, failing to reach official targets and the levels recorded in previous periods.
“Highly levered companies with a concentrated portfolio have limited flexibility to deal with financial challenges, so for them slowing demand in China can bring about difficulties and credit risks,” said Svitlana Ukrayinets, a Frankfurt-based analyst at Moody’s Investors Service.
The impact of a slowing China won’t be systemic — Moody’s estimates that among the European companies it provides credit ratings for, only 8% of revenues on average come from China — but will bring pain across several industries for those businesses that rely heavily on the market.
IGM Resins BV, owned by private equity firm Astorg Partners SAS, makes energy curing products for a variety of industries including graphic arts, industrial coatings and adhesives. China accounts for a third of the market for ultraviolet curing products, according to Moody’s, but economic growth slumped last year, failing to reach official targets and the levels recorded in previous periods.
Wasn't aware things have gotten so severe there even the king felt like he needed to make a statement.
