(Bloomberg) — More than half of UK households risk being pushed into energy poverty this winter by soaring bills that threaten suppliers with rising amounts of debt that simply can’t be repaid.
The crisis could have a bigger impact on households than the 2008 financial crisis
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 25, 2022
Rest in peace German economy. You had a good run. pic.twitter.com/8OJtLqmCWL
— Till (@bPGTill) August 23, 2022
My advice to any young European who wants to lead a normal life and has an ounce of entrepreneurial spirit: emigrate.
Europe is totally fucked. There is no hope for it.
— Nick Givanovic (@NickGiva) August 25, 2022
Energy bills are expected to triple by January in Europe and will remain elevated for the first half on next vear
run away from europe
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 25, 2022
Germany's consumption of around 1000 TWh of #gas per year just got a lot more expensive.
We used to pay <1% of GDP for gas. At €300, it will be … 8.4% of GDP. Eightpointfourpercent.
— Christian Odendahl (@COdendahl) August 25, 2022
This isn’t BBBY, GME, or AMC. This isn’t even Crypto. This is ELECTRICITY prices in Europe!
Yesterday, Germany’s government has approved a bylaw that will last for six months restricting the heating of public buildings and banning illuminated advertising hoardings, in an effort to save energy and tackle soaring energy costs.
— unusual_whales (@unusual_whales) August 25, 2022
French power prices surged to a fresh record as its nuclear fleet faces more outage 🇫🇷 ☢️
🔧 Six reactor outages have been extended since Wednesday, as well as a new one
🚨 The crisis comes amid tighter hydropower supplies and gas cuts from Russiahttps://t.co/n6s7d8cqHS pic.twitter.com/BXb889xQXa— Stephen Stapczynski (@SStapczynski) August 25, 2022
Hedge funds build biggest bet against Italian debt since 2008 https://t.co/Qo7kbMIyeo pic.twitter.com/3EuGMkhQCS
— Paul McNamara (@M_PaulMcNamara) August 25, 2022
Germany tightens COVID rules for travel during fall, winter
Might as well completely collapse the economy
— The_Real_Fly (@The_Real_Fly) August 25, 2022