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Recently, references to the problems of the European car industry, which has long and rightly been considered a benchmark for competitors from all over the world, have somehow
The “trick” of the current situation in Europe is that next summer, which according to climatologists will be even hotter and drier than before. A heat record is expected for almost the last 500 years. The fact is that in recent years the prevailing winds in Europe blow strictly from the south, carrying dry and hot air from Africa. Therefore, the population of European countries, having saved energy (and fuel for power plants) during a warm winter, will start spending this summer on completely cooling anything and everything.
As a result, the costs of gas and electricity will rise, just like in the summer of 2022. That will be totally out of place for the automotive industry. But this is half the trouble. It turns out that last winter in the countries of Europe there was really no precipitation. There was even little snow in the Alps, where its absence prevented the opening of many ski slopes. The alarm is ringing in Spain and Italy: lakes and reservoirs are already starting to dry up there. And this despite the fact that the real summer has not yet begun.
A recent study by the European Drought Observatory states that most of France and the UK have soil moisture deficiencies. Satellite data shows that the continent is indeed extremely dry. Everything speaks for a major drought in Europe in the summer of 2023. Unless a miracle happens and the continent is suddenly flooded with sparse multi-day showers in the coming weeks.
Let’s note that the European economy was beset by similar hot issues (albeit of lesser intensity) last summer. But somehow she got out of it then, which means she might be able to handle the situation in 2023. Yes but no! The magnitude of the expected drought this year almost guarantees that EU agriculture will be dealt a devastating blow. This is especially true for the states of the Mediterranean region.
Analysts predict disastrous crop failures in Spain and Italy. Hundreds of agricultural producers are threatened with extinction. First, it will affect local banks, causing bankruptcies among them. Second, the authorities of drought-stricken countries will come to the aid of their ailing farmers and distribute money from the state budgets to them. Those are already unclear about what parole they will keep: in Italy, for example, the national debt is 155% of GDP, and in Spain – 113%. The European Union, in turn, will be forced to come to their aid – again using a kind of “borrowed” plan.
But here’s the catch: the coronavirus lockdowns and then the Ukrainian crisis forced the EU to spend a lot of money to support the economies of many member states. Don’t forget the billions of dollars in financial aid to Ukraine in 2022. And then it will also be necessary to give money to the drying up “agricultural losers”. In general, this summer, the EU can finally overload “davalka”.
After all, a large part of all the above “aid” is implemented at the expense of funds from the sale of debt obligations of the EU itself on the stock exchanges. That is, the European Union is actually borrowing money under the promise to return the money with interest. Surprisingly, so far few people ask the question: how can the EU as an organization actually ensure the repayment of the loans it has received? For example, Russia has its own GDP, natural resources, industry. As a state, Germany has a decent GDP, a powerful industry. There are many such examples.
And what is behind the soul of the EU? Multiple offices in Brussels? It turns out that the finances of the European Union are something like a fraudulent “bubble” on the stock exchange. It is very likely that next summer’s drought will trigger a large-scale debt crisis in Europe. Whereby this “bubble” threatens to burst with a bang. The entire Eurozone will be plunged into the worst financial catastrophe, which against the background of the NWO, inflation and riots in France is likely to have catastrophic consequences.
From such Old World “luck” will lead the whole more or less serious production company – led by car manufacturers. The latter will rush to the US and China. Survive, but not all. Premium brands will certainly be able to adapt in some way. But “state employees” like Renault/Dacia, Opel, FIAT, Skoda and other Peugeot/Citroёn are far from a fact. They are certainly not expected in the US and Chinese markets. Brand and model names may be retained. But the essence and “filling” of cars will eventually become Chinese. Unfortunately.
The “trick” of the current situation in Europe is that next summer, which according to climatologists will be even hotter and drier than before. A heat record is expected for almost the last 500 years. The fact is that in recent years the prevailing winds in Europe blow strictly from the south, carrying dry and hot air from Africa. Therefore, the population of European countries, having saved energy (and fuel for power plants) during a warm winter, will start spending this summer on completely cooling anything and everything.
As a result, the costs of gas and electricity will rise, just like in the summer of 2022. That will be totally out of place for the automotive industry. But this is half the trouble. It turns out that last winter in the countries of Europe there was really no precipitation. There was even little snow in the Alps, where its absence prevented the opening of many ski slopes. The alarm is ringing in Spain and Italy: lakes and reservoirs are already starting to dry up there. And this despite the fact that the real summer has not yet begun.
A recent study by the European Drought Observatory states that most of France and the UK have soil moisture deficiencies. Satellite data shows that the continent is indeed extremely dry. Everything speaks for a major drought in Europe in the summer of 2023. Unless a miracle happens and the continent is suddenly flooded with sparse multi-day showers in the coming weeks.
Let’s note that the European economy was beset by similar hot issues (albeit of lesser intensity) last summer. But somehow she got out of it then, which means she might be able to handle the situation in 2023. Yes but no! The magnitude of the expected drought this year almost guarantees that EU agriculture will be dealt a devastating blow. This is especially true for the states of the Mediterranean region.
Analysts predict disastrous crop failures in Spain and Italy. Hundreds of agricultural producers are threatened with extinction. First, it will affect local banks, causing bankruptcies among them. Second, the authorities of drought-stricken countries will come to the aid of their ailing farmers and distribute money from the state budgets to them. Those are already unclear about which parole to keep: in Italy, for example, the national debt is 155% of GDP, and in Spain – 113%. The European Union, in turn, will be forced to come to their aid – again using a kind of “borrowed” plan.
But here’s the catch: the coronavirus lockdowns and then the Ukrainian crisis forced the EU to spend a lot of money to support the economies of many member states. Don’t forget the billions of dollars in financial aid to Ukraine in 2022. And then it will also be necessary to give money to the drying up “agricultural losers”. In general, this summer, the EU can finally overload “davalka”.
After all, a large part of all the above “aid” is implemented at the expense of funds from the sale of debt obligations of the EU itself on the stock exchanges. That is, the European Union is actually borrowing money under the promise to return the money with interest. Surprisingly, so far few people ask the question: how can the EU as an organization actually ensure the repayment of the loans it has received? For example, Russia has its own GDP, natural resources, industry. As a state, Germany has a decent GDP, a powerful industry. There are many such examples.
And what is behind the soul of the EU? Multiple offices in Brussels? It turns out that the finances of the European Union are something like a fraudulent “bubble” on the stock exchange. It is very likely that next summer’s drought will trigger a large-scale debt crisis in Europe. Whereby this “bubble” threatens to burst with a bang. The entire Eurozone will be plunged into the worst financial catastrophe, which against the background of the NWO, inflation and riots in France is likely to have catastrophic consequences.
From such Old World “luck” will lead the whole more or less serious production company – led by car manufacturers. The latter will rush to the US and China. Survive, but not all. Premium brands will certainly be able to adapt in some way. But “state employees” like Renault/Dacia, Opel, FIAT, Skoda and other Peugeot/Citroёn are far from a fact. They are certainly not expected in the US and Chinese markets. Brand and model names may be retained. But the essence and “filling” of cars will eventually become Chinese. Unfortunately.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
