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Don't worry, Germany will just keep adding new Special Funds that aren't part of the national budget and are allowed to run a deficit: https://twitter.com/Shahinvallee/status/1520885502567661570?s=20&t=H-bXm8KpLB_mjxCJzbc-jQ
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# ? May 21, 2022 20:19 |
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# ? Jun 3, 2024 11:57 |
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A Buttery Pastry posted:germans are the english of europe harsh, but true
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# ? May 21, 2022 21:18 |
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the mountain german school of economics
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# ? May 22, 2022 03:23 |
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webcams for christ posted:Don't worry, Germany will just keep adding new Special Funds that aren't part of the national budget and are allowed to run a deficit: dang, and the paired down covid relief southern europe got just couldn't be higher because of reasons guess we're just unlucky
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# ? May 22, 2022 12:43 |
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Jose posted:lol did these idiots learn literally nothing from the 2008 crash Why would he do anything different, the 2008 crash was amazing for his class.
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# ? May 29, 2022 20:33 |
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Should have just banned gaming entirely.
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# ? May 31, 2022 23:18 |
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lmao it's only been like a month since the election and slovenia's SDS party of right wing shitheads is already starting to lose hungarian funding. orban's been funding jansa's tv station and more like orbandoned lmao e: reading the thread title reminded me of the thing and holy lol the tweet is still up https://twitter.com/jjansasds/status/1323913419200864256 Truga has issued a correction as of 02:03 on Jun 1, 2022 |
# ? Jun 1, 2022 01:58 |
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Curiously the "Finnish" fascist TV station Alfa TV is going bankrupt at a time when Russia is experiencing money problems.
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# ? Jun 1, 2022 08:20 |
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the russian government isn't experiencing money troubles tho, they're making out like bandits due to soaring oil prices and a strong ruble
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# ? Jun 1, 2022 08:58 |
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prep for the next round of eu sanctions (dropping 90% of russian oil imports which is about two thirds of russian oil exports)? also russia stopped selling gas to Ørsted today cause they refused to pay in rubles
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# ? Jun 1, 2022 09:19 |
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Cerebral Bore posted:the russian government isn't experiencing money troubles tho, they're making out like bandits due to soaring oil prices and a strong ruble Carthag Tuek posted:prep for the next round of eu sanctions (dropping 90% of russian oil imports which is about two thirds of russian oil exports)? big lmaos if this actually happens
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# ? Jun 1, 2022 09:43 |
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Oil boycott does literally nothing. Aside from the fact that they're including exceptions for Hungary etc., they don't have to sell oil directly to Germany, they can just sell it to China who will sell it to the Arabs who will sell it to the EU. It's not like you have to ship the actual oil around the world to do that.
Peggotty has issued a correction as of 11:18 on Jun 1, 2022 |
# ? Jun 1, 2022 10:15 |
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yeah my bet on what happens is, hungary, and probably others, will manage to avoid the natgas/oil sanctions, and then buy gas and sell it to the rest of EU while skimming % off the top lol or, in the big lmaos version, sanctions actually do magically go through for real and EU enters a bona fide depression due to insane energy costs, especially in germany, which is 25% of EU's gdp lmao also, restarting the big german coal mines and power stations
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# ? Jun 1, 2022 10:21 |
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Hungary suddenly becomes one of the world's largest oil producers. The Free Market finds a way.
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# ? Jun 1, 2022 10:24 |
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yep Ørsted is now buying "German" biogas lol
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# ? Jun 1, 2022 10:36 |
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Portugal and spanish gov are saying they could supply Europe 30% of its needs but can't due to a lack of pipelines but.. Like can we really? We import gas as it is already lol
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# ? Jun 1, 2022 11:20 |
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Honest Thief posted:Portugal and spanish gov are saying they could supply Europe 30% of its needs but can't due to a lack of pipelines but.. Like can we really? We import gas as it is already lol The pipe they are lacking goes to the fields in Siberia.
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# ? Jun 1, 2022 11:23 |
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not gonna lie, everybody still buying russian oil except through a dozen middlemen who all want to skim off the top is the most european solution imaginable
Cerebral Bore has issued a correction as of 14:06 on Jun 1, 2022 |
# ? Jun 1, 2022 11:36 |
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As Ursula von der Leyen said on MSNBC: "If we were to completely cut—immediately, as of today—off the oil, [Putin] might be able to take the oil that he does not sell to the European Union to the world market, where the prices will increase, and sell it for more, and thus fill his war chest."
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# ? Jun 1, 2022 13:58 |
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"Less demand - more price." -Ursula van der Leyen. It heartens me every day to think what good hands we are in.
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# ? Jun 1, 2022 14:03 |
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Dawncloack posted:"Less demand - more price." You know, the idea isn't for Europe to just stop burning oil? genericnick has issued a correction as of 16:19 on Jun 1, 2022 |
# ? Jun 1, 2022 14:05 |
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Not sure I see what you mean. Care to expand?
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# ? Jun 1, 2022 14:09 |
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Truga posted:yeah my bet on what happens is, hungary, and probably others, will manage to avoid the natgas/oil sanctions, and then buy gas and sell it to the rest of EU while skimming % off the top lol Por que no los dos?
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# ? Jun 1, 2022 14:14 |
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this whole mess has at least rekindled arguments in popular talk about what kind of exports a sate inside EU can do and can't do, or rather we we're not allowed to by market policies
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# ? Jun 1, 2022 14:26 |
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Dawncloack posted:Not sure I see what you mean. Care to expand? Less demand for russian oil means more demand for none russian oil, which will increase that price. This will mean countries that produce oil and sell it to those countries will have an incentive to buy russian oil to resell to those countries indirectly. Oh no globalization being used against us for once
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# ? Jun 1, 2022 14:32 |
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Cao Ni Ma posted:Less demand for russian oil means more demand for none russian oil, which will increase that price. This will mean countries that produce oil and sell it to those countries will have an incentive to buy russian oil to resell to those countries indirectly. Not only that, but the idea is basically that Europe outbids everyone on all the non-Russian sources. But since you need that poo poo to live that leaves the rest of the world pretty desperate and Russia with considerable pricing power. Certainly, Russian oil would sell at a substantial discount compared to the stuff you could sell directly in Europe, but that price could easily be more than it is now.
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# ? Jun 1, 2022 14:54 |
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Orange Devil posted:Por que no los dos? we're definitely heading for recession, but i'm not sure we'll enter a full blown "everything turbosucks for over 10 years" depression just yet, due to as said, just buying russian gas through more middlemen than before with the right moves, we still can though!
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# ? Jun 1, 2022 15:13 |
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these sanctions won’t be cause of the oncoming turbo-depression, but will certainly have some kind of impact. in any case, given the huge bubble in stock and real estate prices and the completely insane overvaluation of pretty much all tech-stocks, a global market crash is pretty much inevitable. it’s really just a matter of time
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# ? Jun 1, 2022 15:24 |
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Riiiiight! Thank you both for the explanation. I hadn't conaidered that angle.
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# ? Jun 1, 2022 15:37 |
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Yeah sanctioning Russia is less demand for Russia, but it's less supply for everyone on the other side of that. As far as the whole world is concerned there will never be less demand for oil until civilization starts collapsing. Lostconfused has issued a correction as of 16:43 on Jun 1, 2022 |
# ? Jun 1, 2022 16:40 |
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oscarthewilde posted:these sanctions won’t be cause of the oncoming turbo-depression, but will certainly have some kind of impact. in any case, given the huge bubble in stock and real estate prices and the completely insane overvaluation of pretty much all tech-stocks, a global market crash is pretty much inevitable. it’s really just a matter of time doesn't a crash depend on the rich finding a different asset to dump their assets into?
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# ? Jun 1, 2022 18:04 |
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Denmark just voted overwhelmingly in favour of ending its EU defense opt-out.
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# ? Jun 1, 2022 20:50 |
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SplitSoul posted:Denmark just voted overwhelmingly in favour of ending its EU defense opt-out.
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# ? Jun 1, 2022 21:22 |
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ok i know i was saying this probably isn't a depression just a few hours ago but https://twitter.com/anarchonbury/status/1532081604968992768 lmfao
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# ? Jun 1, 2022 22:03 |
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Holy shitballs The thing I am most amazed by is that I continue to be amazed at just how loving dumb everything is.
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# ? Jun 1, 2022 22:07 |
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ofc it comes to this, the english proping up gambling
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# ? Jun 1, 2022 22:21 |
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A Buttery Pastry posted:They're already talking about getting rid of the rest. Admittedly it's a bit harder to use Putin as a reason to join the Euro, so maybe they'll wait until the next crash and claim that the Euro would save us. Given the media blitzkrieg in favour of this one I fully expect them to be gone within a few years, if we're not all irradiated skeletons at that point.
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# ? Jun 1, 2022 22:32 |
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A Buttery Pastry posted:They're already talking about getting rid of the rest. Admittedly it's a bit harder to use Putin as a reason to join the Euro, so maybe they'll wait until the next crash and claim that the Euro would save us. I'm not going to lose sleep over losing this one, but joining the Euro would be so massively dumb that... it's inevitable. I always love how a no means maybe with these things.
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# ? Jun 1, 2022 23:36 |
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# ? Jun 3, 2024 11:57 |
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THE BAR posted:I'm not going to lose sleep over losing this one Yeah, man, gotta amass that Mediterranean seabed skeleton army for the coming Necro Wars.
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# ? Jun 2, 2022 01:15 |