Economist Pesotsky on the gas shortage in Switzerland: pampered Europeans are not ready for this

From the personal photo archive of Andrei Pesotsky
From the personal photo archive of Andrei Pesotsky

PhD in Economics, publicist Andrey Pesotsky FAN said that a possible gas shortage in Switzerland is a serious wake-up call for the inhabitants of this country. After all, we are talking about one of the leading countries in terms of quality of life, which is included in the top five in the UN Human Development Index.

Earlier, the Swiss authorities published a plan of action in case of a possible shortage of gas in the coming winter. In a situation of shortage of blue fuel, households and enterprises are ordered to reduce the use of gas. If these measures are not enough, the country’s leadership can switch to a system of distribution of energy resources by quotas. As reported on the website of the government of the country, other restrictions are also not excluded.

As the expert noted, it is clear that such measures in this “oasis of well-being” are perceived differently than, for example, in Eastern Europe. The Swiss may wonder why their government, which had been neutral in two world wars, suddenly got involved in a sanctions confrontation with Russia, which contradicts their long-standing strategy of remoteness from geopolitical confrontations.

“The perestroika years in the USSR were distinguished by a “total deficit”, partly artificially inflated from within and from without. Well, now Europe will face something similar.

Of course, meat and cheese will not disappear from the shelves in Zurich, but one must understand that a pampered European who has not gone through what the Russians experienced in the 20th century is not ready for such a turn,” the publicist said in an interview with the international editorial office of the agency.

European problems are confirmed by statistics. Thus, the EU trade deficit amounted to 53 billion euros in January-February this year. At the same time, over the same two months in 2021, the surplus amounted to (excess funds – Note FAN) 30 billion euros.

Statisticians are seeing capital flight from Germany, France and Italy in the amount of 155 billion euros in these two months. It turns out that sanctions wars hurt the European economy more than the COVID-19 pandemic, Andrey Pesotsky summed up.

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