A global recession is on the horizon - please read OP for mod warning

Miracle if the continent survives?

Are you predicting an meteor strike?

Not really. The average rolling capacity for Ireland on-shore wind farms is around 32% of their name plate capacity. For the U.K. a recent report put their off-shore rolling capacity at 42%. But when you are talking about the average rolling capacity over a year for wind or solar it is meaningless. Baring shut for maintenance or breakdown fossil plants and nuclear plant will produce close to 100% of their name plate capacity if fed the fuel they need. For renewables they are intermittent and unreliable because they produce little or nothing if the wind isn`t blowing or the sun isn`t shining.

The problem with wind generation is the one greens spend a lot of effort attempting to disguise with rolling average percentages. If you just take our on-shore rolling average at face value, you could easily believe that at 32%, twice again the number of turbines would provide 100% The reality is that for three extended periods in the past year we have had renewables, (which presently have enough name plate capacity theoretically to provide 75% of our needs), were providing just 6% and less for those periods. And that included hydro. The reality is that to achieve that 100% would not just require 2X the number of present turbines, it would require 16X the number.

His profession was an illustrator for children's books and now he is in charge of Germany's economy and energy.🤦‍♂️

The fact that this rise is not any where near as much as what would of been expected could suggest that the construction sector is struggling. This bill should of been at least double with the amount of new housing the government are aspiring to have this year.

If there's one thing I could never accuse roadstone of its being behind the curve with price rises!

ECB rates up 75 Bps

They are afraid of the people. Seeing what happened in Prague this weekend it is army in the street or early retirement.

The force is strong with you. Naivety as well. When the Russian gas will be in your possession then you can set price cap.

Lol beggars trying to choose :)

These guys created echo chamber in their russophobic thread and become quite bored there. That is why they come and try to pollute other places with their hateful rhetoric.

No matter what you try to debate they always go for "but Putin" 🤣

I would bet my life savings (not much), that the ECB would have only gone 25Bps if they had not got the new 'Transmission Protection Instrument' or money printing press that allows them to pump money into the PIGS bonds. 75bps now is a cop out to make them look like their trying to do something.

I honestly have absolutely no faith in anyone at the ECB - they are a shambles, out of their depth and worst of all have the worst and hardest job a central bank has probably ever faced for the next few years trying to juggle all these timebombs whilst keeping the show on the road.

The ECB expect a slowdown, but not a recession:

"After a rebound in the first half of 2022, recent data point to a substantial slowdown in euro area economic growth, with the economy expected to stagnate later in the year and in the first quarter of 2023. Very high energy prices are reducing the purchasing power of people’s incomes and, although supply bottlenecks are easing, they are still constraining economic activity. In addition, the adverse geopolitical situation, especially Russia’s unjustified aggression towards Ukraine, is weighing on the confidence of businesses and consumers. This outlook is reflected in the latest staff projections for economic growth, which have been revised down markedly for the remainder of the current year and throughout 2023. Staff now expect the economy to grow by 3.1% in 2022, 0.9% in 2023 and 1.9% in 2024."