and a related article from Reuters from June https://www.reuters.com/business/energy-crisis-inflation-push-more-german-firms-into-insolvency-study-2023-06-29/
and a related article from Reuters from June https://www.reuters.com/business/energy-crisis-inflation-push-more-german-firms-into-insolvency-study-2023-06-29/
The Niger situation is causing a similar situation for France. France’s economy relies a lot on nuclear power. They used to get Uranium from Niger for extremely cheap and sell the energy to their people, their industries and the neighbouring nations at quite a profit. Now an energy crisis is looming over France too.
If both Germany and France fail, it’s likely the EU will need to reform or fail too.
The US is using this as a great excuse to invite European companies to America, cannibalizing EU manufacturing permanently and turning them into dependent rump states.
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