EU Energy Shock: Soaring Energy Prices Provoke Growing Anger across Europe
The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official.
The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official. Russia has extended the shutdown of gas flows to Germany indefinitely, blaming technical problems and U.S.-led sanctions. The Russian gas giant Gazprom stopped natural gas flows to Europe via Nord Stream 1 pipeline earlier this month, saying the situation would last three days, however, later on the infrastructure was shut down for infinity citing operational safety reasons.
Meanwhile, anger is growing in Europe over soaring household utilities and gasoline prices at the pumps, with protesters taking to the streets in the Austrian capital Vienna, and Italian protesters attacking the country’s foreign minister in Naples.
On Saturday, anti-government protesters held rallies in Vienna, chanting slogans against the European Union, NATO, the globalists, and Chancellor Alexander Schallenberg.
The energy crisis in Europe is snowballing as nations across the continent continue to grapple with rising costs and shortages ahead of the cold season.
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