Furthermore we are seeing major euro chemical corps taking preservation measures that may be a signal for a death spiral for the competitiveness of European capital. We also see leaders like Macron pissed that the US is in such a good spot relatively speaking. All of this is only getting harder to watch. The US truly is cannabalizing the west.
And the crucial months are yet to come. November - march are cold months and loads of people get their final energy bill, in some cases several thousands of euro’s.
Shit is fucked now but with two weeks of twenty degrees Celsius in late October is okay. But it will get colder soon. It’s really bad already but we’re not yet at the bottom.
For vulnerable people, ‘final’ in more ways than one.
Hell even non vulnerable people cannot pay 2000-4000 euro’s all of a sudden. And this is just energy.
Food, gas, rent, everything is getting expensive.