ππ Global Eyes
π’ππ What's happening around the world. With extra animals.
πͺπΊ Europe
You have no idea how bad Europeβs energy crisis is.1
The biggest problem is spiking natural gas prices, which have been wreaking havoc across the continent, turbocharging inflation, hamstringing industries, and making ordinary people shudder when they get their power bills in the mail. European natural gas prices are now around ten times higher than they were on average over the last decade and about ten times pricier than in the United States. Alex Munton, an expert on global gas markets at Rapidan Energy Group, a consultancy, said European natural gas is so expensive itβs like paying US$500 for a barrel of oil. And these are the good months. β¦
The gas problem is largely due to Russiaβs war in Ukraine, which has disrupted exports of Russian gas to Europe and raised prices everywhere else. But itβs not just the war: Alternative supplies of gas are expensive, climate change has drained rivers so much that many of Europeβs nuclear plants are offline, and thereβs been more than a decade of confusion among European policymakers about how to build shock absorbers into the system. Power prices in both Germany and France reached record levels this week (again), a reflection of the continentβs ever-deepening power emergency. As nations buckle under the economic pressures, desperate times have called for desperate measures: Britain announced a painful 80 percent spike in the cap for household energy costs while Germany increased bills by almost 500 euros.Β
Understatement of the century: βThe retirement of additional nuclear plants in the middle of the worst energy crisis Europe has seen in a very long time seems misguided.β
π½π° Kosovo asks for more NATO peacekeepers:
There is an urgent need for further NATO troops in Kosovo due to βthreats from Serbia and Russia,β the prime minister said. There have been weeks of heightened tensions between Prishtina and Belgrade after the Kosovo government announced it would introduce reciprocity measures affecting Serbian citizens, involving entry documents and licence plates.
π²πͺ Government digital infrastructure in Montenegro has been hit by an βunprecedentedβ cyber attack:
Outgoing Prime Minister Dritan Abazovic called a session of the National Security Council for Friday evening to discuss the attack. Abazovic said it was politically motivated following the fall of his government last week.
Hackers also attacked Montenegroβs state digital infrastructure on election day in 2016, and then again over a span of several months in 2017 when the former Yugoslav republic was about to join NATO. The Western military alliance is aware of reports of cyber attacks in Montenegro and ready to help its authorities if necessary, said an unidentified NATO official.
π¬π· Greek Prime Minister Kyriakos Mitsotakis is seeking to deflect heated attacks in parliament over a spiraling phone-tapping scandal by accusing unidentified foreign entities of trying to destabilize the country amid an energy crisis and increased threats from Turkey.
π«π· Storm brews in Eric Zemmourβs far-right party after crushing defeats. Plagued by internal criticism, shunned by its members and competing with the RN, the far-right ReconquΓͺte! party is facing turbulence. βIt's the raft of the Medusa, theyβre eating each other.β
π¬π§π«π· Hopes of an Anglo-French reset dashed as Macron and Truss insult each other:
[Liz Truss] set the tone during an explosive leadership campaign event Thursday night, vowing to judge French President Emmanuel Macron by his βdeeds not words,β and warning βthe jury is outβ on whether he is Britainβs βfriend or foe.β β¦
Shitstorm: French kick up a stink over UK sewage dumped in the English Channel.
β‘οΈEuropeβs soaring energy bills are triggering a wave of shutdowns at major fertilizer plants across the Continent, havoc for farmers and food manufacturers.
π©πͺπ’ βWe were all wrong.β Germany has been forced to admit it was a terrible mistake to become so dependent on Russian oil and gas. So why did it happen?
βFor thirty years, Germans lectured Ukrainians about fascism,β the historian Timothy Snyder wrote recently. βWhen fascism actually arrived, Germans funded it, and Ukrainians died fighting it.β
π΅πΉπ¦The remains of what could be the largest dinosaur ever found in Europe have been uncovered in someoneβs garden in Portugal.
Russia
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