European energy sector on the brink of collapse - $1.7 trillion debt

"
European energy firms rack up debt to cover soaring costs – Bloomberg
Their liabilities have reportedly reached over $1.7 trillion

European energy and utilities companies are taking on more debt to offset soaring oil and gas prices, Bloomberg reported on Monday.

The firms’ overall debt has jumped by more than 50% since the start of the pandemic in early 2020, and now stands at €1.7 trillion ($1.7 trillion), the publication adds.

Earlier this month one of Germany’s largest energy supply companies, Uniper, asked for a government bailout, citing “extreme financial pressure” caused by reduced Russian natural gas deliveries. The company may need as much as €9 billion to stay afloat, Bloomberg says, adding that Czech power firm CEZ CP is also seeking help of up to €3 billion.

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This is what happens when you keep electing horrific leaders.

First they opened their borders to millions of Muslims who won’t assimilate and took over entire sections of their cities.
Then they let the progressive green nuts to destroy their energy infrastructure and now they are completely reliant on a Russian psychopath for their energy needs.

 

I agree with your argumentation that the current EU leaders are incompetent idiots, take a look at this v.d.Leyen blondie dumbie, or the green dumbos Annalena & Habeck

But is forced assimilation not a crime, much like slavery?

And I don't agree you calling the Russian leader a psychopath. IMO he is in fact the most rational politician in Europe, playing chess, not checkers

 

Bombing civilians and isolating your country internationally, very rational.

 

Politics >>

Earth_imperator needs to be muted. Russia Today article passed off as Bloomberg.

 

BS, I just copied the original title verbatim, and in the 2nd sentence above it clearly says "Bloomberg reported on Monday", indicating it's news by a different news source which just references the original Bloomberg article.

 

It was intended to seem like Bloomberg and you added on the brink of collapse. I've reported it as you are clearly more interested in disseminating propoganda and the other this morning was a personal fantasy post.

This stuff belongs in politics, RT is a Russian state outlet.

Putting you back on block, your spree of rubbish posts belong in Politics, not here.

 

One of the very few occasions I agree with you. That was a jerk move (bbg - rt)

 

censorship is lame, even if all they do is spout bs.

 

Agree, but misleading and knowingly being deceptive is a shit move. I personally won't block or censor as I equally don't believe in it. But wrongs need to be called out imo.