Hungary’s prime minister Viktor Orban explained in a social media post on Saturday that “Europe has run out of energy.” Inflation Economics
published by the General Confederation of Greek Workers indicates that Greeks are spending less on food because of rising energy costs. 20% of the GSEE survey participants said that they spend “much less” on basic food and 51% said they spent “less” on basic food items because of the rising energy prices.
“The Greek economy and society, after years of austerity, are facing a new wave of price increases and revaluation of basic goods, and stagnant incomes threaten the purchasing power of many households and social groups,” the survey notes. Furthermore, 47% of the GSEE survey respondents told the researchers that they thought a “difficult winter” was coming.
Hungary’s prime minister Viktor Orban predicted Europe would be dealing with a recession amid the region’s red hot inflation in mid-July. In apublished on Saturday, Orban insists Europe has run dry of energy. The premier blamed “fundamentalist greens and the bureaucrats” for Europe’s energy issues. “If we want to dig to the bottom of the problems, we always end up in the same place: the question of energy,” Orban remarked.
“What can Hungary do in this situation? First of all, I would like to make it clear that Hungary and the Hungarian government will do what is required by the homeland,” Orban said. We [won’t] have a shortage of energy. This is not a prediction, this is a statement of fact. There will be gas in Hungary and enough electricity.”
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