- “End Of Abundance”: Macron Warns Of “Major Tipping Point” And “Great Upheaval” As Difficult Winter Approaches
by Tyler Durden, https://www.zerohedge.com/
With much of Europe facing a cold winter thanks to the war in Ukraine, various leaders have been sounding the alarm over the ‘sacrifices’ people are going to have to make in order to maintain opposition to Vladimir Putin – who’s betting on fracturing the EU due to Russia’s immense leverage over energy.
On Wednesday we reported that that both EU policy Chief Josep Borrell warned that “wary” EU populations would have to endure deep economic pain and a severe energy crunch – while calling on the citizenry to “bear the consequences” with continued resolve.
The same day, Belgian Prime Minister Alexander De Croo went much further – suggesting that “the next 5 to 10 winters will be difficult.” “The development of the situation is very difficult throughout Europe,” De Croo told Belgium broadcaster VRT.
“In a number of sectors, it is really difficult to deal with those high energy prices. We are monitoring this closely, but we must be transparent: the coming months will be difficult, the coming winters will be difficult,” he said.
The prime minister’s comments suggest replacing Russian natural gas imports could take years, exerting further economic doom on the region’s economy in the form of energy hyperinflation. And in yet another ominous warning in what must have been coordinated messaging, French President Emmanuel Macron on Wednesday went even further – warning at his first cabinet meeting after the summer holidays that the French should expect to make deep sacrifices in what he called the “end of abundance.”