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This might not count as news, but having talked to various friends and relatives over the holidays, I've managed to collect some purely anecdotal economic data, and the obvious conclusion is that the inevitable collapse of Europe is grinding slowly onwards.
Workers and whole teams at companies in multiple industries are being made redundant - including important technical roles that have my friends confused as to how the company is even going to run now. Projects are being put on hold or shuttered. Tradesmen are competing for fewer jobs. A multi-year, multi-million dollar contract between an automaker and an advertizing firm just evaporated. There are fewer clients, smaller cohorts coming through training programs, less money in budgets for the kind of elevated make-work that the European middle class subsists on.
Of course, no one I talked to, even discussing a few of these things in the same conversation, can link these events together, let alone conceptualize this as a tingling in the extremities, the warning signs of the entire continental economy's impending death by gradual, trickling blood loss from the killing blow of Nordstream. They all think it's just a bad year, rather than the best year anyone's going to have ever again. Not 'ever again', I must correct myself, in a mere 97 more years Europe will have completed its century of humiliation.
The Century of Humiliation was 110 years, so it's actually 107 more years.
As someone with a lot of connections with industrial workers in key industries, I can affirm the same thing happening.
Considering how stubborn the European "garden" is, they'll have to put in actual effort to make sure it won't end up being a millennium.
I dunno. If the saudi-israel pipeline happens the century could be on hold. Or the end of the war in ukraine starts talks on a hypothetical nordstream 3