Macron announced the end of abundance in Europe

In Europe, a climate and resource crisis has come, and the “period of abundance” has ended,French President Macron said

In France and Europe as a whole, the “period of abundance and carelessness” has ended, French leader Emmanuel Macron said at the opening of the Council of Ministers meeting. He urged the French to rally to resolve crises.

“I think what we are going through right now is a kind of big upheaval or a big upheaval. In essence, we are experiencing the end of abundance, the end of cheap liquidity - we will have to extract the economic consequences from this - the end of the availability of products and technologies that we thought were constantly available, ”he said (quoted by BFMTV).

In addition, Macron mentioned the climate crisis and new risks for Europe, as well as cyber risks. So, in his opinion, France needs to do a lot of work on environmental planning and “make clear and decisive choices regarding the season just experienced in order to reduce greenhouse gas emissions, redouble the efforts that could be made, and also transform the country even faster.”

Macron also pointed to the rise and consolidation of "illiberal, authoritarian regimes." He pointed out that the "freedom regime" in France "has a price" and "may require sacrifices."

The President of the Republic also touched upon the topic of the military conflict in Ukraine, calling this period "the end of carelessness."

The mayor of London said that millions of Britons will be without heat and food in the winter

The cost of energy and fertilizers in Western Europe rose amid the Russian military operation in Ukraine and retaliatory sanctions that disrupted supply chains. As a result, European countries are faced with a record rise in prices for several decades, including for food and utilities.

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Mayor of London Sadiq Khan has warned that millions of people in the UK will not be able to afford heating and food in winter. “For many, it will not be a choice between heating and food - sadly, they will not be able to afford either,” he said.

He showed BLOOMBERG infographics, according to which the average annual electricity bill in January 2023 could exceed £4,000 (280,000 rubles).

Khan urged the British authorities to intervene so that "people can meet their basic needs" and freeze the growth of the electricity bill cap.

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In mid-July, Romanian Deputy Prime Minister Hunor Kelemen said Europe could face its worst winter since World War II.

Estonian Prime Minister Kaja Kallas also warned about a harsh winter due to the energy crisis and high inflation in the EU. “We will probably see even higher prices than last winter, and this is very worrying,” she said.