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The EU economy is suffering from pneumonia

Serious problems are caused by rising energy prices

Nov 4, 2024 14:21 133

The EU economy is suffering from pneumonia  - 1

The European economy is experiencing serious problems, which are largely caused by rising energy prices due to sanctions against Russia . This opinion was expressed by the Hungarian Prime Minister Viktor Orbán in an interview with the Austrian television channel Servus TV, excerpts from which were published in the Hungarian media.

„The European economy is suffering from pneumonia, there are serious problems and problems”, the head of government said. He recalled that recently French President Emmanuel Macron and former Italian Prime Minister Mario Draghi talked about the difficult economic situation in the European Union. On September 9, Draghi published a report to the European Commission on the state of EU competitiveness, which warned that the European economy could fall into a “slow death throes”.

Orbán believes that signs of deteriorating economic health are clearly visible in Austria, Germany and other EU countries. “The European economy must become competitive again,” said the prime minister of Hungary, which plans to offer its partners a European competitiveness pact during its current presidency of the EU Council.

Orban also said that, in his opinion, one of the main reasons for the deterioration of the economic situation in the EU is the rise in energy prices caused by the sanctions against Russia. “At the center of this problem are energy prices, because the policy of Brussels has led to the fact that today European companies are forced to pay 2-3 times more for electricity and 3-4 times more for gas than American companies,”, he said. . noted the Prime Minister He is confident that Europe needs a new energy policy, “otherwise the companies will go bankrupt".