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

We tried that for the last 15 phucking years and look where we are. We are the third most indebted country in the world y'know we are 240Billion in debt, we tried keeping the economy going by pumping 30 billion in over Covid and barring the initial burst of growth at the start of the year it will prove to be a failure, we have too many conditions going the wrong way - Inflation, interest rates, growth, consumer sentiment and our debt. We are too open an economy to be self sufficient. After all of these borrowings what are we left with, we have an antiquated not fit for purpose public sector that has bloat all the way through it and a legacy of pensions that the bog standard worker cant afford now. We have infrastructure that is out of date and not fit for purpose. We have the most expensive welfare regime going so much so it is attracting welfare tourists to our country world wide. At what point do we say STOP. At what point will it become apparent that we are taking on debt for our kids and grand kids to pay back. We tried your way and it failed miserably. Unfortunately its not just about the borrowing it is the p1ss poor way it has been spent, the people in power can not be trusted I don't want another cent borrowed in my name so these gobshites can throw it into the bonfire that is Ireland. So time to cut the fat. You seem to think the ECB printing presses will be turned back on we are an insignificant small little country in the West of Europe when it comes to Germany and France and their issues they will be listened to and we wont be.

Does anybody know what was / is the driving force behind EU decisions in these areas . Why have EU politicians allowed the EU to be driven in the direction that it has in the areas of energy and food ?

This is what happens when your ideology is to only go for the cheapest - the cheapest energy, cheapest food, etc.

For decades neoliberals in power in EU and US have looked to shift from domestic production to cheaper imports from poorer countries. Finally we are seeing it all blow up in their faces. Many people have long since said we should be producing our own clothes, our own energy, our own food.

After the initial outsourcing craze in IT, most jobs were brought back domestically due to shoddy results - but only after productivity fell did it happen. Well it will be the same way with goods. When countries have shortages of their own and decide "No. We will not export food to you" then the penny will finally drop that this was a foolish policy, and only then will the head honchos realize the error of their ways.

It's plain to see what will happen to food production next year, there is a real and tangible future of food scarcity on the horizon. India already restricting rice exports is just the start. Domestic production is about to become not profitable or viable for many in europe due to fert and energy prices, so if they are not subsidised immediately ahead of next planting we will see shortages next year. But do those in charge have the foresight to realise this?

Looking like Uniper is in a real bad way now. The government is in talks with upping it's stake in the business to between 50% - 100%. Currently estimated losses of 100 million Euro's per day.

US now considering imposing boomerangs on China to prevent an invasion. ( paywall )

Just wow!

See Patreon has announces the closure of its dublin office. Wonder how many more of the small tec companies will follow suit now venture capital is drying up

Gas usage and prices will increase in winter. Energy usage as a whole will increase too.

Separating gas from other electric pricing will help somewhat, however more gas will be used for periods in winter with low wind due to poor solar and the extra strain on gas for heating, which will push prices back up.

There is a reason the EU are trying to cut electricity consumption in a big way across the board.