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German economy would be battered by Russia Ukraine invasion

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With the European powerhouse at the centre of a major pipeline standoff surrounding the diplomacy to bring about a solution to the tension, Berlin can ill afford a rise in fuel prices sparked by war. For one analyst, the fact the predicted US deadline for a conflict to start has been and gone, the current conditions appear to be holding together a country already suffering record inflation rates.

When discussing the crisis, expert Jörg Forbrig told WiWo why a war would be detrimental to the German economy.

He said: “Because a Russian invasion would probably also cause considerable economic distortions in Germany.

“IFO President Clemens Fuest now warned of a price shock for oil and gas in the event of an invasion – even if gas supplies were not restricted, there would be a price shock, at least temporarily.”

Speaking of the impact he added: “It would hit private households and industry in Germany equally.”

So far, the IFO Institute expects inflation to reach four percent this year – which alone would be the highest rate since 1993 and significantly higher than the 3.1 per cent rate in 2021.

Mr Fuest said: “Should a war break out, it could be even higher.”

At the same time, consumer prices in Germany already rose by 4.9 per cent in January completely without an invasion.

Measured by the Harmonised Index of Consumer Prices (HICP), the measure of inflation on which the European Central Bank (ECB) bases its monetary policy, consumer prices in this country even climbed by 5.1 percent.

READ MORE:
Germany crippled by soaring energy crisis

The potential rise in fuel prices would not only affect Germany but would have a wider impact on the whole of Europe, including Britain.

The threat to decommission the Nord-Stream II pipeline will not only cost Russian oligarchs dearly but also see much-needed supplies fail to meet European markets.

Germany is by far the most important sales market for Russian gas.

Alternative pipeline gas comes from Norway, but Oslo has already increased its deliveries in October.

There is probably “hardly any further potential for increases in the short term”, according to Commerzbank analysts.

Norwegian production has been stagnating for many years.

In the event of a Russian supply freeze, German gas stocks would provide a certain buffer, but it would only last until April, the analysts warn.

Either way, it would become much more expensive.

CAN THE GERMAN ECONOMY SURVIVE A RUSSIA / UKRAINE WAR? WILL ENERGY PRICES CAUSE THE ECONOMY TO SLUMP FURTHER? HOW WILL THIS AFFECT THE WIDER EUROPEAN MARKETS? HAVE YOU SAY IN OUR COMMENTS SECTION BY CLICKING HERE – EVERY VOICE MATTERS!

Many energy experts have prospected at the notion of obtaining liquefied natural gas from other countries.

Both the US and Qatar have been considered, however, the transportation and storage of such assets require highly complicated and expensive resources.

Currently, much of the gas pumped into Europe from Russia and the Middle traverse Ukraine in the process.

Last year, gas delivered to Europe through Ukrainian pipelines fell by 25 percent and fears of further disruptions have ramped up with the buildup of Russian troops near the Ukrainian border.

Moscow denies Western claims it has plans to invade Ukraine. But if the crisis does flare, there are few alternatives to fill the gap if Russian gas supplies to Europe were disrupted.

For Germany, the end-user will feel the pinch, however, according to Mr Fuest, consumers in the largest European economy are still ready to spend money.
He ended by saying: “Private households have built up considerable savings they would like to spend, despite higher energy prices.”

Additional reporting by Monika Pallenberg



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Pay Attention To Childhood Cancer

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Childhood Cancer

Childhood cancer is not very common, since it is estimated that for every 100 adults affected by cancer, there is one child who suffers from it. It comprises numerous types of tumors that develop in children and adolescents from 0 to 18 years of age. The most common types are leukemia, brain tumor, lymphomas, and solid tumors such as neuroblastoma and Willms tumor (kidney tumor).

Don’t Ignore Signs

Sometimes the symptoms of childhood cancer can be confused with those of other diseases, so it can take time to obtain a timely diagnosis that allows the disease to be treated in time. In this sense. Most doctors recommend that parents not ignore the signs, among which are persistent bone and abdominal pain, fever without apparent causes for more than a week, bruising or bleeding from the nose or gums, tumor or node growth, weight loss, among others.

Genetic Factors

Genetic factors and malformations play an important role in the onset of the disease, unlike in adults, where environmental factors such as infectious agents, radiation, smoking, minerals, and chemical compounds have a high incidence. In children, the main cause is still unknown.

The Diagnosis 

There are numerous diagnostic tests used to detect childhood cancer; these allow to determine the type of tumor, where it is located and if it has invaded neighboring organs, (if it has metastasized) for which laboratory tests, imaging studies, and biopsies are used. From which the type of treatment to be used to combat the disease will be established.

Medical Treatment

Many doctors give the reassurance that childhood cancer should be treated in institutions where there is a multidisciplinary health team, such as the Cancer Institute. This team consists of pediatric surgeons, radiation oncologists, orthopedists, hematologists, clinical oncologists, psycho-oncologists, among others.

Seek Local Help

The treatment is multidisciplinary, where excellence, professionalism, dedication, avant-garde in medical knowledge are combined, whose main objective is the fight against cancer. You should also consider local centers that offer cancer care Orange County-based.

Read more: Ryan Garcia and Who is Ryan Garcia Net Worth

 

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'This is huge' Swedish Air Force jet deployed over Belarus border in threat to Putin

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The Scandinavian country is not a member of NATO, but could be ready to trade in its neutral status in the wake of Russia’s invasion of Ukraine.

News of Stockholm’s decision to send a jet was revealed by twitter user Jamming.

They wrote: “Swedish Air Force Korpen active over Poland border area with Belarus.

“Sweden part of surveillance of Belarus and Ukraine!!!

“This is a huge political statement! Update on SwAF Korpen.”

 

The Gulfstream IV aircraft was tracked taking off from Linking airport and then flying towards the city of Grodno in western Belarus.

It was flying at an altitude of just under 12,000 metres at a speed of 836 kilometres per hour.

Although Sweden is not a NATO member, it is an “enhanced opportunity partner” of the military alliance.

The government also signed a statement in 2018 pledging to strengthen its defence cooperation.

Swedish Prime Minister Magdalena Andersson rejected calls by opposition parties earlier this month for the country to join NATO.

She argued that such a move would further destabilise Europe.

Her statement came in the wake of threats from Moscow that NATO membership would bring “serious military-political consequences” for Sweden.

However, there is growing public support among Swedes for their country to join the transatlantic military alliance.

A poll conducted in late February by broadcaster SVT found that 41 percent of the public supported NATO membership, while thirty-five percent were against.

It was the first time an opinion study in Sweden had found more people in favour of the country joining NATO than were against it.

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Putin humiliated: Russia tries and fails to capture defiant Ukraine village for tenth time

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Russia has tried and failed to capture the village of the Chornobaevka ten times, according to Ukrainian presidential adviser Aleksey Arestovich. Videos shared by Ukrainian officials online showed the “tenth defeat of the Russian invaders in Chornobaevka”. The continued failures to capture the village comes as Ukrainian President Volodymyr Zelensky said last night that his country’s forces had “dealt powerful blows” to the Russian military.

Mr Arestovich told a press conference that Russian troops had tried to take Chornobaevka for the tenth time, but the assault again ended in failure.

Following this, the head of the nearby Mykolaiv Regional State Administration Vitaly Kim published a video showing “the defeat” as explosions erupt on the outskirts of the village.

The resolute village has become famous in Ukraine for its defence, as President Zelensky commended Chornobaivka last weekend for fending off six invasions at the time.

He said: “Ukrainian Chornobaivka will go down in war history. This is a place where the Russian military and their commanders have shown themselves for who they truly are – incompetent, capable of simply handing over their people for slaughter.

“Our military has annihilated the invaders near Chornobaivka six times.

“Six times, yet they keep coming back.”

JUST IN: Putin on brink of major RETREAT in Kyiv

Online users ridiculed the latest Russian failures and hailed the Ukrainian defiance, with one Reddit user remarking: “At some point, I think every military intelligence outfit looking at this must be wondering how bad the rot is in the Russian military.”

One user visavillem added: “So this is the 10th time. Are Russians trying to bait Ukrainians to waste ammo with some obsolete/broken equipment, or are they really so stupid, that they keep stepping on the same rake again and again?”

Another user on Reddit adfgqert posted: “The Ukrainian people have resolve and determination that is beyond what I think is normal.

“Beyond inspirational and they bring fighting for what they believe in to a new level for me.” 

This comes amid ongoing setbacks for Russian military forces in the south of the country.

Earlier this week, it was reported that Russia had withdrawn most of its helicopters from a strategic airport in Kherson, in southern Ukraine, according to satellite images.

Kherson has also been the site of several local protests against the occupying Russian soldiers.

The official said: “We can’t corroborate exactly who is in control of Kherson but the point is, it doesn’t appear to be as solidly in Russian control as it was before.

“That would make it very, very difficult for them to make any kind of ground movement on Odesa.

“That would be a significant development, no question about that, in terms of the southern part of the war.” 



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