Energy Price Caps: Good or Bad?
The actual fallout of the price cap depends in part on the contractual situation between seller and buyer. However, no contract is immune to the forces of the free market.
The actual fallout of the price cap depends in part on the contractual situation between seller and buyer. However, no contract is immune to the forces of the free market.
Bloomberg suggests that consumers “sitting on 700 billion-euro ($753 billion) cash” is reason enough to predict macroeconomic resiliency in Europe, but this report is contradicted by findings by Eurostat on retail trade in the euro area and the EU as a whole.
Price caps on electricity, which are meant to protect retail customers from soaring production costs, can cause supply shortages.
The German Retail Trade Federation warned the federal government that as many as 16,000 business could go bankrupt this year in the face of runaway energy prices.
Europe’s banks are in credit-crunch mode. The ECB’s decision to keep interest rates unchanged is meant to help, but it also raises the white flag on inflation.
One of the major problems for businesses that survived the pandemic is that many of them had significant back taxes to pay.
According to NRK, the agreement between the center-left government and the socialist party will pay out a total of 1.2 billion Norwegian kronas (€115 million) in electric-bill support “to the most vulnerable groups in society.”
Liz Cheney will not be able to navigate an entire presidential campaign without at some point deciding if she wants to protect women or those who think they are women.
The culture war will be important in the 2024 election. The dividing lines separate two very different ideologies about the principles of human civilization: on the one hand, God, life, liberty, and tradition; on the other hand, secular hedonism with no boundary between right and wrong.
A capitalist society is not nihilistic. It allows man’s economic virtues to flourish. And yet, without moral guardrails, capitalism becomes its own worst enemy.
The government’s climate policies could put yet another burden on farmers and consumers.
French National Education Ministry is still in denial regarding Islamist extremism.
Cultures of the past instinctively recognised the connexion between physicality and objective truth.
The weaponisation of the Western financial system is being used to punish political dissidents—and the practise is spreading.
The trend with worried debt market investors continues. If this gets worse, higher—not lower—interest rates will be the least of our concerns.
To achieve total commodification, sentimentality, difference, and tradition must be eradicated in favour of seamless efficiency.
For five years, the Commission turned its back on the Western Balkan countries, the enlargement chief said, but now “the EU means business.”
The defence of life was limited to 30 MPs—leaders of the right-wing parties have simply given up the fight.
This was a bold move by one of Europe’s best-run monetary authorities.
France’s highest legal authority has become a political weapon for the ruling elite by preventing the enforcement of a firm migration policy.
Farmers split on ending blockade
While Britain and the U.S.A. are considering airstrikes, both are alert to the dangers of further Middle East escalation.
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