Paphos People

The EU has finally woken-up to the seriousness of the problem
High energy prices are here to stay for many years to come. Last week, Shell’s CEO, Ben van Beurden, warned that it was a “fantasy” to think that Europe’s energy and gas shortages could be resolved quickly, adding that the EU may have to prepare for several years of rationing. The Belgian energy minister, and other European leaders, put this at 5-10 years.

The increase in energy prices and the cost-of-living could get worse in the event of a cutoff in Russian gas supplies to Europe. Energy prices are now by far the biggest contributor to rising food costs and inflation.

This applies to Cyprus too. Based on prices in July, according to Euronews, Cyprus had the seventh most-expensive electricity prices in Europe. Interest rates are rising and will continue doing so well into 2023 – remaining high lor longer – impacting the cost of borrowing and servicing loans. The government is not addressing these issues seriously, with an increasing risk that Cyprus may find itself in a deja-vu with the 2013 economic crisis.

Full story here:- https://cyprus-mail.com/2022/09/04/high-energy-prices-here-to-stay-for-years-to-come/

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Dave
Moira And Dave

“I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.”

Why is this a surprise, they have been hoodwinking you for years and feeding scraps to remain interested in the game.

They have always known this so much that it is the reason for the ongoing scam. I warmed of this 2 years ago and was called several names. Time for the blind to open their eyes and smell the coffee not the manufactured seeds from Starbucks.

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Straight talking, no Gimmicks.

Live your dreams.