Crisis point: Europe's economic future | Business Beyond
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- Опубліковано 13 чер 2024
- Russia's war in Ukraine has drawn renewed attention to Europe's role on the world stage. Having displayed a unified response to Russian aggression by imposing sanctions on Moscow and helping millions of Ukrainian refugees, the continent is now facing other urgent challenges including the cost-of-living crisis, energy shortages and an increase in extreme weather.
In this video we explore how the European Union's unique history informs its response to various crises, how national and common interests collide and how the next decades could be shaped by new trading relationships, particularly with Africa.
We also consider Europe's challenges in the field of innovation and ask what needs to be done for the continent to achieve its goal of becoming a global leader in the green transition.
Chapters:
00:00 Intro
01:19 History of EU
03:34 EU's response to Ukraine war
06:03 Cost-of-living crisis
07:57 Climate crisis
10:13 Can Europe innovate?
13:09 Europe's identity crisis
15:05 EU's trading relationships
18:50 New partnerships: Europe and Africa?
20:20 European Leadership
22:54 Conclusion
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#EU #Europe
With the euro decline, how safe is it to acquire an Eurobond now and what would be the projected increase annually or in the next 5 years?
Fortune befriends the bold. -Emily Dickinson
How about fin plan first?
@@chenoweth816 looked it up. Kinda impressive but pricy. Gotta save to get back
@@chenoweth816 looked it up. Kinda impressive but pricy. Gotta save to get back
@chenoweth…say what? I know her… it’s a 10% and even 8% is quite a lot. @denise… fortune sure does
When you have the wrong friends, you get into trouble.
Us will definitely ensure europ will get nuclear weapons on it
Acting like nations are people--"friends"--is ignorant. We are talking about nations here with their own set of emergent properties
When you eat a rotten cake, you can have diarrhea.
As Matthew Mc Conaughey said, « Don’t make a straight line crooked ».
We should never have engaged with Russia
We are screwed, totally screwed. I don't see my fellow Swedes going along and share a budget with Italians. As long as we cannot have large scale transfers, no common financial policy is possible and the Euro remains a weak link. The same national egoism is displayed in all other sectors. It is easier to submit to the will of the US than to agree on a common policy with French, Germans and the other insignificantly minuscule European nations.
exactly. just look at how germany was in bed with russia despite eastern europe warm germany repeatedly. Western europe cares little for eastern europe
"insignificantly miniscule European nations"
that mindset is the problem, you are part of the reason why Europe is so divided...
@@pedrolopes3542 it is the truth though
@@pedrolopes3542 There called the PIGS for a reason
Nothing but blood suckers, looking for handouts
@@zuzanazuscinova5209 regardless of the size, you should never settle for insignificance.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year. My primary concern is how to grow my reserve of €300k which has been sitting duck since forever with zero to no gains.
It's scary how true this message is. What steps can we take to generate more income during quantitative tightening? Also, on the contrary, how can we profit in times of quantitative easing? Where should we put our investment money now to better prepare for the future and a liquidity crisis?
@@Ammo-Hoarder Personally, I would say have a financial market pundit. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good idea.
Neoliberalism at its best.
You tell me your living standard is worse than 10 or 20 years ago? You have 300K sitting idle? You should taking financial self education or find a trustworthy financial advisor long times ago. Don’t just sit, complain and waiting for politicians to save you. Be the change you want to see.
How can I reach out to Theresa, what are her services like do you think she can help me i have about €58,000?
There's this particular way of calculating electricity price in Europe that makes it super expensive.
That's a scam!
EU's biggest challenge is reckless leadership in charge.
EU's biggest challenge is a fanatic dictator in Russia. But that one will be gone by next year.
Such as? And who can do better?
wich were chosen by the people
@@u.p.1038 blaming leader of other country being oblivious of the stupidity and reckless leaders of own country is a sign of supreme stupidity.
Most people are reckless on stuff they don't know. Don't blame Scholtz, it is the people select them.
As an immigrant here I really value the inside view I get from this channel of what’s happening in the EU. Thank you for putting so much effort into producing high quality English-language content!
Thanks for the insight, but I'm still confused why Bitcoin and crypto prices keep dropping? This drop follows a number of other significant drops in recent weeks. I still hold enormous value of cryptos and it scares me. Whats your take on this?
There are many reasons for this drop in value. One of the main reasons is that there is an ongoing debate about whether or not Bitcoin should be regulated as a security or as a currency.
I would advice you to trade your assets rather than hodl for a future you aren't sure about, only predictions.
@@thomasrichard3166 Well, I've tried but was so confused with the inflation in price, due to the pointers on how to make substantial progress in earnings?
@@beverly8480 If you are not conversant with the markets, I'd advise you to get some kind of advise or assistance from a financial/investing coach. It might sound basic or generic, but getting in touch with an investment broker was how I was able to outperform the market and raise a profit of $2.5M For me, its the most ideal way to jump into the market these days
@@thomasrichard3166 That's sum cool profit. I dream of that
Europeans complain a lot about the EU so it's doing fine.
If the EU is serious about making developing software easier, they should consider developing conversion and translation libraries for common conversions in all commonly used programming languages and give them away for free. Start writing useful code instead of more policies.
I'm not usually interested in business or finance, but this was such a comprehensive geopolitical analysis that I found it very engaging. Thanks very much DW and Kate for such an excellent presentation.
It was far from comprehensiveness.
how was this comprehensive at all? Also there is a definite pro european identify in the presentation. Which by itself is not a bad thing but it can cause people to omit obvious facts because they are blind by their own narrative, And this is what I think is happening here.
It was completely wishy washy.... Nothing much concrete at all.
Come'on people. If they were to go in depth on the many subjects touched here, the video could easily last a full year. It's a comprehensive overview of where we stand in the fall of 2022.
@@perp1exed Overview is the keyword that I agree with. I would recommend to disky to broaden his/her/others horizons in business and finance. Some of which Ivan Michail, the original poster, wrote about is the lack of planning as a result of the lack of business and finance knowledge.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich.
You're right sir
You see many people remain poor because of ignorance
@@lucyk.humphrey6652
Not because of ignorance, but because of too many scammers in the business
@@liammichael8504
There are scammers but they are real brokers out there looking for investors
Having professional mentor is also very important when it comes to trading, without proper mentorship, one tends to opt out of the market early enough. I do my investment on Derek's platform.
They bring this to themself, keep protecting the rich and be buddy with bad friend.
gonna be a wild few years :)
Or maybe a wild few hours
It's been 22 hours since your comment and literally nothing relevant has happened yet...
@@pedrolopes3542 he said years.
@@pedrolopes3542 wrf
EU is the best thing that happen to the continent,it is not perfect at all but still can be a real force with unity within
Its non democratic, like North Korea.. youre a clown
Unity?
Never heard of Brexit?
@@araara4746 all the European countries one by one there certain victims we have to agree on that
When there’s a crisis in Europe.. the US is called. Lol
Lol, all of this is because of the EU. Imagine thinking you can group 27 wildly different nations into one block. Sweden wants nothing to do with Italy and vice versa. Same goes for Denmark and Spain.
The entire idea of the European “Union” is insane.
‘merican here. Home is of the viral attention span and internet-mining to match one’s point of view. I want to say that I love the way that DW spends 20 minutes on an issue.
I like DW’s way of packaging topics and information. We consumers need DW to make the connections for a more comprehensive understanding.
This piece here is a good example.
EU needs to articulated a common good vision which needs trans national unity to achieve.
Have they not said "solidarity" enough number of times already!!
The vision is there, we're just missing more common interests to boost transnational unity.
We need strong national states and cooperation that's based on mutual benefit, friendship and freedom of choice. EU in it's present form is doomed, as we see throughout the current crisis.
Good luck the EU is desperate to find 66 millions spots that the UK left. The Eurocrats got no interests other than rebuilding the new USSR of Germany. Funny these politicians always project the fear towards Russia.. they are doing it before your eyes.
When winter comes, and all EU member states need energy, while they only have very limited reserves, do you think they will share it with other countries or will it be kept for the use of their own people?
When in a situation of abundance, everyone can brag to each other about solidarity, but when the situation is difficult, it is human nature to put their own interests first.
Even the US took advantage of this situation by selling LNG to the EU at a price five times more expensive.
Obsession to moral perfection always leads to bad decision.
Germans should learn how to compromise some times.
I agree, TANKS FOR UKRAINE!
2 words: self reliance
No cooperation.. self reliance I mean nobody is.. do you make everything you own wear use and consume from scratch? nope.. many people together form a system a system has individual cells yes.. . but those are interdependent.
@Voice ForBoys it will happen in china and India that why usa worries
Not possible. EU can't be independent of US.
wouldn't help.
I saw thousands of European people are migrating to South East Asia this month especially to Thailand, Malaysia and Indonesia, because these nations are doing very well, no energy crisis, no rocketing inflation and importantly no HARSH WINTER WITH SWITCH OFF POWER.
In Cambodia fuel is up 20 percent this year
Source: believe me plz
Source: Trust me bro.
Decrease of purchasing of power, inflation and the devaluation of the euro. The three big issues in europe
True
The major obstacle to Europe's growth is always the difficulty of unifying the thoughts of leaders for faster and more efficient decision-making
Somebody advocating for renewables, but saying no to nuclear, tell me please in simple words, what's the plan to stabilise the grid when there is no sunlight nor wind?
I don't care for excess electricity produced during a windy day, I care about calm, cold and dark nights.
This simple question deserves a simple and convincing answer.
Hydro works 24/7. Solar works when there is snow or cloud cover. There are multiple other ways to store electricity OTHER than lithium batteries. Pumped hydro, gravity batteries, etc.
@@PaulLefebvre If you have solar, you know that in winter the energy it makes is not much. This is not supprising, because daytime is shorter in winter, and the sun is very low in the sky. Now given that we want to replace gas with it, and gas consumption peaks in winter, do you think its a good idea? Hyro is a better option. Its only a problem if there is drought.
@@PaulLefebvre most rivers are drying up. Did you watch this video.
@@PaulLefebvre hydro doesn't work when there little water or the river freezes, in addition it's destructive to env
@@tubetotto Hydro absolutely works when water freezes. We literally have two of our biggest provinces in Canada powered primarily by hydro, and it absolutely works all winter.
And it's not nearly as destructive to the environment as extracting and then burning gasoline.
Appreciate for all EU member to save dollar.
These fools have no choice but to please uncle sam
What about crypto?
Fools you say? Look at who is the one actually paying for all of Ukrainian defense.
look at the mirror...
@@pedrolopes3542 How much Euro evaporated from begining of the war till now and where do you think those money flow to? 6 billion is just a "successful investment".
@@Jason-io9zg do you understand the concept of Wealth Destruction? Just because the Euro lost value that does not mean that that wealth went anywhere else.
Always appreciate your reporting
Excellent program.
-1 for not explaining that TTIP was an abhorrent treaty that would of completely screwed citizens for some global corporations, the same is true for a lot of new international 'trade' treaties, they're just power grabs by corporations.
corporations will die on the back of decentralized organizations and wider, technology enabled, more participate forms of enterprise with distributed ownership. 'we' need investment tho
European unity is not in question; pro-EU public opinion is at its highest point in decades. What happened is that 'we kicked Russia out of Europe'; now almost everyone agrees.
It looks like someone kicked his brain out. The Eastern border of Europe is Ural mountains. It is located about 1700 km east of Moscow.
@@user-kt5mg6lr9h someone got their brains so kicked out he doesn't understand figures of speech. Nobody was talking about geography, genius
You refused Russia entry because you need a outlet for your warmongering and profiteering. They are less corrupt than Ukraine but Ukraine is in your pocket financially but has not followed the scrip militarily. Thus your self inflicted dilemma. You obviously don’t read Dutch News or you would be better informed about EU public opinion
No matter what you say in this video, inevitables are unavoidable.
Rich always just get richer, yeah we know
EU and China have business partnership with Africa but USA is lagging behind.
Africa is blessed
1. Europe really needs to start growing again...Ever since the euro zone crisis majority of EU economies hv remained stagnant...this is even more precarious in southern europe where Spain and Italy still hvnt recovered their positions since the GFC of 2008...thats more than 10yrs of going without any real economic growth!!..a decade of genuine economic growth itself will solve half the current probs....
2. EU needs to centralize and unite if European nations need to hv any relevance in world politics in the future...Europe will hv to deal with rising economic powers like China, India, Indonesia and balance that with the US so if european nations need to stand any chance up against these nations then they hv to stay together. UK will learn this lesson the hard way unfortunately.
Outstanding
uh Turkey minus part of Istanbul is part of Asia
Turkey has no place in Eu some countries would never agree for them joining
Cyprus also is Middle East geographically
@@nanushek there is no continent called the Middle East but yes Cyprus is located in western Asia
Turkey is not in Europe though, and should not be involved in any EU continent related discussions.
What? Where is Turkey then? In Jupiter?
@Roger Vieira that is the point. It is a transcontinental country but you mentioned in your first comment that "Turkey us not in Europe though" which means it is totally out of Europe.
@Roger Vieira ☺️ sorry I missed the name.
@@tazinahmed7 Less tha 4% is in Europe... Less than 4% does not make Turkey a European nation...
3 % percent in Europe. That's an irrelevant amount. Its an Asian country.
Germany was Schrödered in the back. Playing footsie with Putin.
Trading with and thereby funding morally bankrupt autocracies is a betrayal of the democratic values the EU is based on. Some things are more important than money, like freedom.
grow up !! Will you?
@@geoms6263 that's the grown up point of view, sweets
Well, then stop trading with Saudi Arabia. Oh, funny to hear about democratic value from monarchies or a country with indirect electoral system.
Democratic values - what are they and who actually has them?
cannot agree more, we need to put it in the sand, even if it's at a long long deadline, that within 100 years, we will stop transferring power to autocracies.
Technologies and prosperity should only go to countries that make the tradeoff to reduce corruption.
Tech is sophisticated enough, as EU being third biggest economy yet your companies don't even appear on the 10 biggest tech companies implies your education in colleges and university is just like the one in Kenya. First make sure you have one intellectual property rights policy agencies for the whole block. You have very smart scientist that i admire, they will figure out what this will amount to in the tech environment in our block. Sorry tho they didn't figure this out before now, rendering their PhD irrelevant in our block context.
EU is famous with it's double standards
Or total lack of achievable standards.
In comparison to whom/what?
literally no other group of nations has such strict standards for environmental protection, international politics, consumer laws and quality control as the EU, so, the EU has double standards in comparison to whom?
Which ones would those be?
Kosovo and dombas comes to mind
@@r4v3n62 I wouldn't agree specifically with that compressor
Cool program, with hints of hope. But I can't help but wonder "what did they not tell us? what's else?". That's the gnawing feeling of "I don't know what I don't know."
Because it's so easy, nowadays, to meet people who confidently live in the opposite side of your worldview, seemingly pulled "news" out of our or their arses. Granted, most of us are nowhere near the steering wheel of politic or have bird eyes view. But I want and know that my team is right.
Sometimes, I wonder where information is come from. We're so comfortable with Internet that everyone is a journalist in this age.
The background music is annoying, we are here for news not for any action movie.
As Winston Churchill said: “Never let a good crisis go to waste.” The EU can pull itself together and face the problems but it takes strength. I'm not entirely sure if we have the right leaders.
1:57 I would say that Turkeys region never were part of Europe. The old word is Asia Minor. The only part of modern day Turkey that are part of Europe is Byzantium or Constantinople now Istanbul.
The Europeans have the Americans to thank for their current situation. As Kissinger said, to be American's enemy is dangerous, but to be its friend is fatal. Welcome to the real world!
okay russian bot
Even if they go down in ashes they will be remembered for doing their darndest to reduce THEIR contribution to man made global warming.
>
Losers aren't remembered, except for losing.
Europe is doing a terrific service for the world to show the REAL cost of adopting the environmentalists climate change agenda.
And what have they achieved? Europe is impoverishing itself by abandoning nuclear power, hydroelectric power and fossil fuels. And India and China are growing rich by using the fossil fuels that Europe no longer want to use.
we need a united State's of Europe
Love DW 👍👍👍
Let's Get Out facts right One World one planet
I am missing asml in the list of big tech companies.....
All countries in the EU are very important therefore it's not necessary that you mentioned that the UK is one of the most important countries. There is no most important country and many are happy that the UK is out. Now the EU can become a federal state with their own army what the UK never will agree to...
The UK is going to take over Germany in GDP and population
This is just the cries of the establishment.the common man could care less about your precious economy.we have better things to worry about .
Can't wait for winter to hit Europe hard.
The fact that the britain left the eu already says everything that needs to be said about a europeans identity
The European identity has grown since Britain left the EU. Britain leaving the EU does not say everything regarding a European identity since Britain and the people of Britain never really saw themselves as European in the first place.
By your standard Norwegians and the Swiss wouldn't be Europeans, because they're not in the EU. So yes, Brits definitely see themselves as European. It was xenophobia and lies about economic miracles that led to their departure from the EU.
@@perp1exedI understand what you are saying and I agree except that Norwegians and the Swiss do consider themselves to be European and their respective cultures/identities at the same time whilst not being in the EU where as people in Britain can not differentiate being an EU citizen and/or European. They equate the two as being one of the same and they are not. And yes I agree it was built on xenophobia and economic lies.
No, it doesn't.
I want to see more prosperity for Spain and the rest of Europe.
though Russia is guaranteed to be economically devastated by the European sanctions, Europe as well is almost certain to have recessions for next 1 decade atleast as due to energy crunch.
This conflict will leave both Europeans and Russians much more poorer at the end.
@@ululukululu450 Exept for the Netherlands and a few others who have huge natural gas reserves, Netherlands has over 1000 billion euro natural gas reserves in the ground.
Move to green energy and the effect will be lesser
@@budgetking2591 lol, if that's the case why didn't Europeans utilize it in the first place instead of buying gas from Russia?
Your argument makes no sense cause it's self-contradictory.
Move to where the jobs are.
De-industrialization. This is the future of the European economy. This is also the goal that the United States is helping Europe achieve.
More like re-industrialization as many European companies are re-shoring or near-shoring their supply lines from Asia.
There is a strong likelihood it will split into a productive northern bloc and a debt laden southern bloc with separate currencies. This can be avoided if they centralise all national debt across all states. Then I think it could work.
Continue with the green policies
Im sure that will help
The acceleration of Green policies , and fazing out of gas storage facilities and Nuclear power stations etc, before adequate energy producing Green replacements were in place, has created problems.
But
As always, The EU will push on with its plans, however damaging to the EU member citizens, until they reach their perceived Utopia ( A Federal US of E), thinking they can achieve a better form of The USA
clueless... humans will evolve soon. still thinking in the 1980s....
@@jamesnguyen7069 , Evolve to what ? Energy use and the needs for mineral mining has only increased since the 80's, to keep up with demand for hi tech gadgets,e.g games consoles, mobile phones, computers, electric cars, to satisfy the wants of the newer generations.
How did the non-green Texas energy network fair again?
You people who invested in oil and gas are terrified about the prospect that the average Joe and Jane will realize that fossil fuels are a useless scam that should had never become mainstream.
one way or another your beloved polluting industry is doomed. Price hikes in fossil fuels will push most people away from it, then there will be no turning back...
I'm not into politics, but perhaps peace talks could help.
To develop innovation, could the burocracy be reduced?
It's expensive to keep data alive. The minimum requirements for cyber security are to have at least a full backup. The most competitive companies save their data up to 5 times the whole data in just one backup. Data grows, ans this is a necessary step for a healthy cyber security. Code rely on scripts. These scripts are the keys to decipher the fragmented data. It's true we could just inscriptions, but under the dame encryption rules? All of the mold models we maybwant to implement become a key security issue that hackers may exploit. Now in days the scripts come with an estimated time to decipher the scripts. It's important to update the data before the estimation of key security is active. This is why internationally is hard to implement all codes. Because the infrastructure itself has to change to stay secure. This necessity becomes expensive. Specially because we are just talking about databases. The database grows when we do backups. Even the hear emitted from these databases start ti become an issue when scaling. When companies may not accommodate these necessary steps for security, the most logical option to keep the project alive is to past it to companies that may continue them. A solution is to create an international organizations, where databases may be promoted around the world easier. This would help companies scale up. Ultimately it's the choice of the owners. In most of the cases comes to the cost of maintaining the minimum requirements to where international technology has developed. It's possible to create an intercontinental infrastructure where we may share the necessary steps for the security to work. One idea could be to implement databases around the world interconnected with fiber optics. It would make security increase much, giving scripts more time to live. This would reduce cost for necessary updating. It would also become cheaper in the long run compared to the traditional copper connections.
Will eventually become one county?! I think so
I hate to say this, but the harshness is what gives benefits: EU Institutions (Commission) needs to be more authoritative on policies and economics and finance, but as we've seen. Thinking about only economics which it means putting everything in china and being dependent on russi only because it's cheaper has ruined everything. Moreover there's no EU if Germany and France agrree/disagree for over 30 freaking years. EU means everyone should have an opinion but opinions that matters and most importantly actions have to be faster because the eu policy is too slow
Make it more attractive to startup companies and lower taxes for the first 10 years and no taxing of startup shares before they have an actual value.
Europe’s incompetent blundering into energy insecurity is the direct result of being a trading bloc that is committed to excluding trade with democracies outside the EU.
In the short term, there are three democratic and reliable energy suppliers in the world, and they are America, Canada and Australia. Europe has been conducting punitive trade actions against those countries for generations, particularly Australia.
In the mid term those same three countries are the only democracies that have the capacity to supply the sufficient material necessary to transition to green energy.
Given the reliability of democracies to supply competitive energy resources it is simply irrational that Europe looks to the countries of the Middle East and Africa who have substantial sovereign risk, to supply it with the resources that keep the lights on.
There’s an intellectual deficit in Europe that is led by France and Germany that finds it impossible to participate in a world of mutual benefit and like security with democracies. Unfortunately that means that Europe will continue to lurch from crisis to crisis instead of resolving fundamental issues of energy and resource security.
Preach bro.
In 2019 we all got sick. But United we got sick.
In hard times I have always found a family bond and good times.
Working together to make life happen.
I think of this. I can use my survival skills.
But in the past! Our Elders had only skin and some thoughts.
By R.S.P. 1/1 2022
Listening to the two lady 'experts' one thing struck me - they ain't got a clue.
2:08 maybe eastern?
I am eagerly waiting for the winter to come with a lot of snow, winds no gas..I'm getting my popcorn bowl and ready to watch EU show🤣🤣🤣
19:07 Given the fact that EU failed to reach an agreement on trade with China as well as America, is the most natural solution to it is to reach or ratify the trade agreement as soon as possible? However, quite to my surprise, the solution proposed is to reinforce trade relation with a 3rd or a 4th part! No more politics into trade, or the Europe would suffer even further.
EU is collapsing and you're still talking about leadership role on climate policy? Living costs are skyrocketing, competitiveness is plummeting and we're talking about carbon emissions..
Ursula and Scholz must go
The major problem the anchor forgets to add is the under population. The EU need to attract foreign trained nationals to inject more energy into the system.
It is good to hear the bottom 10 to 15% are richer in Europe
I guess being broke in Europe is a good think
Just pray for a warm winter...or a cold one if you are very short the market.
EU needs to understand it is a very small continent with less population than the rest of the world.
Like England they still have the Empire mentality pulling the strings. Pay back time Europe/US
It's not a small continent and it has more people than the US. And when compared to rest of the world, the people in the EU make things happen, as opposed to just producing excrement and CO2.
@@mutkaluikkunen3926 what? Europe is a small continent only bigger than Oceania. Europe can fit in Africa more than 5 times. Asia would swallow it. Lol 🤣🤣🤣 as for CO2 emission I suggest you go check the facts. Lol 🤣🤣🤣. You cannot bully the rest of the world along with your master US. We are not afraid of you.
"Spending the cash they had been hoarding during the pandemic." Most European nations had some sort of allowance given to their citizens to stay home, so this money wasn't hoarded. It was spent like they would have spent their missing wages.
so you are looking for one way partnership so you can exploit
Cultural and identity cohesion is a big drawback to that Europe integration so envisaged by this documentary. For over half a century different unit blocks of countries that made up the EU have independently achieved a tremendous milestone of economic success that’s largely built around thick n deep cultural values and language that cannot be that easily coherent across the union.
I'm worried about Europe, it's a continent without energy or natural ressources, such as minerals, etc....Europe simply can't function alone and is the most dependent continent on the planet.
I think it has some resources but they cant be exploited because of environmental regulation or something. big gas fields in the mediteran sea...
@@mikechannel5026 also they historically already got exploited, it just seems we used up a lot in the industrialization 17-18 centuries
Don't be worried, Europe after almost 100 years just needs another round of colonization and stealing of resources from it's former colonies to accumulate some resources for themselves to run their economies for the next 100 yrs
Well, mostly because they put their bet that Pootin would not use Russian's cheap gas to blackmailed them, while they slowly shift into green and renewable energy. Now, they learn it was a huge mistakes.
And is the richest continent in the planet... You should be impressed that they're natural resources poor but opulent and prosperous...
Europe:🇪🇺: Democracy and Liberty prevails⭐⭐⭐⭐
Where's our water... I need baked a biscuits and doughnuts... I love it... Allah and him malaikat knows better...
this winter inflation will shoot up for sure!
One of Europe's biggest problem is the number of languages spoken. It's a mess from this perspective. In many developed European countries even young people don't speak English.
Second, is the lack of understanding from Brussels that European countries are still very different culturally and socially, so they should stop pushing their cultural and social agenda. Focus on economy, military and international relationships.
English is the Language of the EU because it is the International language, That is despite the French wanting thio make it their own virtually dead language"
@@khankrum1 I agree, English should be like the uniting language for EU, as it is already for the world. As is not about the number of native speakers, but about the importance, adoption and also how easy it is.
This guy hasn't heard about the improvements in i18n/l10n in the past 20 years. You DO NOT need to rewrite the entire code base for every single country. Yeah, it complicates things, but differences in the tax systems and the generally high tax rates hurt business way more.
Ironically, every crisis makes the EU stronger and more united, because suddenly Europeans remember they need each other. Brexit led to a Disunited Kingdom and proved the rest of Europe that leaving is a really bad idea.
Exactly.
The EU must free itself from the dictatorship of transit countries like Belarus and Ukraine.
Our governments must be loyal to our people, not be lapdogs of governments or people abroad.
That is the job of the UN,
not the job of the EU or Nato.
🗣💩
That would be nice in the past European crises has plunged the continent into world War
That's right the cost of living has increased so that means the rich get richer don't get me wrong but they're not suffering
'What don't you understand about little or no debt? ' ....Warren Buffet's answer to an ignorant questioner in a Berkshire Hathaway meeting !
Please wait only three days.
Professor Karl Aiginger was difficult to understand in regards to his accent, speech pattern and volume.
And what's the purpose?
There will never be an equal partnership between the EU and Africa. We already have those treaties. We get some cocoa and coffee beans and we sell them our subsidized meat products. They also get our trash and second hand clothing (which destroys the local industry). No, we need to concentrate more on our own abilities. The continent has everything it needs to prosper: resources, energy, technology, inventive power, infrastructure. We just have to use it better and cooperate more.
Pray for Europe! Pray for the MotherLand! Ukrainians Come to Canada! We are far from the War! Long Live Ukraine!
Why the people invited to talk mmm mm hmm hmm , is too jagged to understand what they are talking about
Euro lose is USD gain
Echo of President Gorbachevs !!!!!!!!!!
"Africa becoming a new partner and not a colony" sure buddy.
The world in the same boat, why is this a crisis here.
The world is in the same storm. Not the same boat. Some are in yachts, some in dinghies and many are drowning
@@domp51 so which are you.. drowning is dieing.
Would you rather be poor and German/French/Dutch etc. or wealthy and European?
let 's consult with gretha how to solve these crises
The comment about life expectancy rubbed me the wrong way; we in the US aren’t dying earlier because we eat so much. Our life expectancy is dropping because we don’t have universal healthcare! It’s so much more nuanced than what Europeans think…
Great documentary with patchy solutions. Also, Kudos to makers for talking about economics and not talking about single word about soon to be worlds third largest economy. It shows severe lack of understanding of changing world.