Due to drought and maintenance many of Frances nuclear plants have been offline and they have been buying electricity from Germany. You clearly know nothing.
you mean the nuclear plants that have had to shut down repeatedly because of the drought, forcing France to buy energy from Germany, which has only three nuclear reactors left?
@@haisheauspforte1632 despite what you say, nuclear is by far the most efficient way of getting energy. The “greens” and “environmentalists” literally shut down clean nuclear energy in extange for fossile fuels and dirty energy
When using data from Eurostat there is no different way of calculating inflation. It is called 'harmonized inflation rate'. And then there is national inflation which is different because different countries have different spending patterns. For instance richer countries spend more on energy and less on food as a proportion of total consumer spending.
Where do you live Vlad? I live in France. I shop for and support a family of 7. Since Covid my weekly expenditure has doubled. possibly more. Macron is hated by the French. If the if the truth gets out it is French Revolution 2.0 French government is dishonest from the top down. If you think you can trust Insee data and stats then more fool you.
@@christoft5468 Hi Chris. Sorry for your misfortunes. I'm from Romania and I am sick. So I live on 200 euro pension. I have no opinion about Macron, as I think is the French people's business. That's different from the West who lectures us whom we should vote.
@@matsuz100 Hello England, do I sense some doubt about the positive outcome this economic/political situation might incur for France or some regret about Brexit and what that is currently causing? Maybe a bit of saltiness about the high prices uk citizens are paying because of EDF? Or is it just a simple "nice one lads, good luck".
@@deepshadowuk It's more like a "Good luck". What do you want to say to people who reject teamwork? This is what you get when uninformed people decide for the whole country what's supposed to be best.
France uses nuclear energy. Germany stupidly based upon populist sentiment was ditching nuclear energy. That explains most of the difference in inflation.
To be fair Germany's Inflation is below average too, while it is far worse in countries like Poland or Spain, who did not shut down as much of their energy production capabilities
Lol no currently France is importing a good chunk of its energy from its neighbors because their power plants are down for maintenance. Their energy prices are among the highest in Europe but they cover that up with taxpayer money so those prices don't reach the consumer.
- Why is France winning? - Because they produce 78% of their energy from nuclear plants, and 19% from other renewable sources. It is also one of the few energy independent countries which is well on its way to achieve net zero target. Germany and the UK should radically rethink their policy on nuclear power since wind and hydro aren’t gonna cut it (and it seems Russian gas won't be a viable option in the future).
France is not energy independent, they have to buy a lot of energy right now.A lot of their nuclear power plants are down because of maintenance or the current drought.
I can tell you that in France there is no one, even politicians, who is talking about the country doing better than the rest of Europe. I suppose that 6,8% in 2022 when it used to be 1% or 2% just a year ago is still a shock for everyone.
I definitely confirm! People and politicians are not paying attention to it. I just heard some journalists briefly saying that on BFM TV, or heard “lower than the European average” but definitely not “lowest in EU”. Apart from these few exceptions, nobody really seems to pay attention to it.
@@IM_AYKHARAAD Inflation and unrest just play in the hands of opposition leaders (this happens everywhere, btw) and if Macron said "6.8%? eh, still better than the other EU countries." it would seem like he's not taking it seriously. I'm not necessarily a Macron fan (I am actually a socialist), but I do believe that defending the government's choices is always more difficult than criticising them.
you know this is propaganda .... THIS is NOT what is happening in FRANCE ... they will FREEZE this winter as many other countries. It is a EURO country !!! i have friends there ... i speak fluent french and this is completely FALSE .
@@maxdelater3369 For sure. But I think that in other countries, politicians wouldn’t have kept this quiet, and same in the media or a bit more than France does, even though of course, opposition says it’s never enough in every country. I agree to say that it would be a bit presumptuous if Macron said: “Heeey guys, guess what: we’re doing a way better job than all of our neighbors! Throw us some flowers!”, of course. 😂 But as a French, I think this goes further than reason. In general, the French are really demanding (in French we say "exigeant"): when a crisis hits Europe, and the government helps us financially during crisis, for us it’s completely expected, it’s like “Of course, you’re gonna help us! Hey, 4% of inflation, that’s enormous!” whereas in other countries like the UK or the Netherlands, at 10 or 11%, people are like: “Hey, government, why don’t you help us?”, cf. the current striking movement in the UK.
People really underestimate how powerful France is. They have a strong economy, powerful allies and a lot of influence over West Africa. They also have the strongest military in Europe and are energy independent
The French Economy is built for resilience in economic hardships with a lot of safety nets on the lower side. It is however not geared for strong growth. This explains why they survive economic diffculties better but grow slower in the better years than say the UK economy which is more geared for aggressive growth and no safety nets in the harsher times.
And yet France has incressingly caught up with the US in per capita GDP and employment figures. Maybe boom and bust isn't the best way to generate total societal wealth, just the best way to concentrate it into the hands of an elite.
@@kennethferland5579 french might actually be weathier when you take into consideration that with their income almost none of it go into health/medication or school because "it is free"
@@ltgdr6298 well yes it is free, but considering the huh... numerous "budget problem" (read corruption because frankly while the pandemic did not help it already had problems prior lol) One might wonder for how long will it remain that way
Did you read about the Greens in the U.K. who want to nationalise EDF U.K.? A wholly French state owned subsidiary of an 86% French state owned company?
Not to mention how France will be receiving interesting revenues when Europe gets back to normal. Here in Quebec we have nationalized Hydro-Electricity and haven't looked back for decades despite the teeth gnashing and howlings of the neo liberal/con vampires.
I tend more towards capitalism and free market than to planned economy. But I think that governments should have a very heavy control on energy sources, as it is with the roads and other infrastructure. And I appreciate France in this aspect.
A planned infrastructure and energy is the way to go, but a planned Education System is the most difficult, because people may not want to towards the jobs needed. Because if you plan out infrastructure and where things are you can fit the needs of every neighborhood and how the Logistics are going to supply those areas.
A free market only works with goods where people can actually choose. People need energy and it tends towards local monopolies. Making energy private makes about as much sense as making roads private.
The core issue here is limited ressources. The type of economic system doesn't solve this problem. Especially when you're a country that doesn't produce his own energy ressources (fossil fuel, uranium, etc) and depends on other countries to get them. In this case, those leftists who suggest to limit prices and therefore the amount of available ressources as a solution to the issue of limited ressources, make me laugh very loud.
Markets can really only work well when there is actually a space for a market. Non-renewable energy requires expensive and complicated infrastructure that only governments could reliably plan out. Same with things like train services (which is also why it works in Japan, because though the companies work with the government, they also have vast ownership over not just the trains but the rails and everything around it, even building restraunts and apartments in the area around the line which they own) Also stuff that has inflexible demand like housing and healthcare can't be left to the market because the simple market principle of "if this service is shit i won't buy it" doesn't work if you're gonna die if you don't. Though stuff like government housing schemes helps, because you basically go "stop ripping me off or i'll get a government house instead"
Its always nice to hear that France is doing good. Much love from Poland 🇵🇱🇨🇵 i really pity that when speaking "western europe" most of people think Germany and looks to their solutions instead of France
Thanks man, I love polish people, everything run smoothly every time I speak to a polish, very friendly people and proud ! Best regards from France ! 🇵🇱🤝🏻🇫🇷
@@_NoName0 unfortunately communist education really warped history and many people forgot that France is only country that cared about Poland replacing it with myth of polish hungarian friendship when in reality France was Poland biggest friend but there are still people here for example me that remember about our friendship. I have few french friends its always good to meet with them I hope more french media will be present in Poland in the future because now its only german, us and some russian fake news so people don't remember and don't understand France
@@lilmeowmeow3513 No, just there are no other media that would speak and explain other countries and among western countries germany is the most active in Poland so people know the most about Germany and see rest of the west from persoective of Germany. if they are pro western liberals they think "Germany" intsead of "France, UK, Netherlands". Its just problem with information given to pubkic by media I dont like it so i voice my complaind about it
@16vjtdalfa Reactors aren't just concrete. The important stuff needs to be shut down or changed out unless you'd like alot more leaks and alot lot less power.
@@sharknado623 Antonietta: a proposito di Fukushima non ti preoccupare. Come si deduce dai report Onu, i morti per le radiazioni furono pressoché 0, tutti furono per lo tsunami. Su Chernobyl: ricordiamoci che era uno dei reattori più vecchi già a quei tempi e che ci sono stati diversi errori umani che oggi non potrebbero accadere (perché semplicemente non è possibile farli. Tipo togliere le barre di controllo manualmente)
Well you know, I'm citizen of France and I always see the same thing. When the economy grow we are behind. When economy is crashing or everything else we suffer less then the others. Multiple reason. Our agriculture is big, power plant are less dependant, etc, etc...
Another interesting factor to analyze would be the car reliance. France has a high quality Train network, and in most cities the transit system is more than good and to an affordable price. Moreoverver there exists options so that your company finance 50% of your fuel or transit expanses. Meaning that even though the fuel price is an issue it is relatively mitigated by a pre-existing infrastructure and measures already in place.
That was true a while ago, and I swear I'm not the typical French moaner but ticket prices keep rising, SNCF said it would allow customers to pay in installments. Unlike other countries in Europe the government isn't creating cheap offers for unlimited travel and I think it has to do with the constant strikes and the rundown state of the network, you are genuinely lucky today if you make it in time to your destination, or at all (was stuck 6 hours at a station a few months ago for a 2 hour journey), and don't think about compensations.
@@queenflowerchild If you feel the French network disordered, don't try the German one. And having more than 30 minutes delay entitles you to compensation by French Railroad company, from 15% to 50% of your ticket, easily recovered using the online form.
@@gengis737 Definitely never tried the German network but the French one doesn't compensate, you have to fight restlessly for months and they keep telling you another service takes care of it. My ticket was cancelled for the strikes last december and I was told I would get a full refund plus 50% of the ticket price as compensation (still have the e-mail), turns out the strikes were cancelled but they couldn't stop the strikes for that day, it was too late ... , I never got reimbursed, called them and they told me I was never entitled to anything and should have just hopped on a train... and 2 weeks ago they cancelled another ticket without telling me, found out a few hours before, had to find another transport and of course no compensation or reimbursement either
I take the train from time to time. Would want to take it more but with half of the train who have OMG delay it's impossible when you are not from Paris.
Just imagine retiring as a registered nurse, using all your income/salary to pay rent and tax without any good investment or means of extra cash, tending to leave your profession/job that has been part of you for many years with no good funds. How will you cope?
That's why we need to plan ourselves via making extras in all we do because depending on paycheck that can give us our comfort and peace till we die is not guaranteed
@@alanfuller7176 I'm a nurse and I saw all this coming, so I've planned myself so engaged in forex trading. little I know about the business though but so far so good, Forex trading has been my very means of savings lately while my salary goes for bills and utilities
@@williamadams2361 I've heard a lot complaining about how unsafe crypto and Forex trading is but honestly speaking, if you don't experience you won't know, I've seen the bad and the good part of Forex trading
@@johnnycharles4163 Investing in stocks and Crypto market is the best financial decision anyone can make but the crypto market is much more better than anything else at the moment
Usually inflation figures using consumer basket of goods is called "headline inflation" and that minus food and energy (which tend to be very volatile) is called "core inflation" and it's used to get a more stable figure that doesn't jump up and down.
Do you know who is Jean de la Fontaine ? It's a very famous french poet from the 17th century. He wrote a fable called "the cicada and the ant". When the cicada was singing all summer long, the ant was making provisions for the winter. When the winter came, the cicada had nothing to eat and was mocked by the ant. France is the ant, Europe is the cicada. We told them so, but they thought it was so "funny" to mock France... Now it's time to listen to France and do what we tell you to do...
…I feel like an explanation on Spain was expected (when you mentioned comparing it to Germany) but missing. Is what's happening over here being reported on? I have first-hand experience but I want to hear something from outside to remain as unbiased as possible.
Luxuries don't make up the difference if we're talking about doubling fuel prices, or 20% inflation, especially in poorer regions of Europe. Simply saying "stop buying luxuries" is not policy.
@@tigersfan1993 They have welfares lol these homelesses you said are mostly drug addicts and mentally illed people. Meanwhile, if you see the rest of the world, there are countries that face mass hunger and large scale shortages, way worst my friend!
The currency in Hungary is plummeting, of course we won't switch to the Euro because Fidesz loves having control of the currency. Our agricultural sector is severely behind that of western Europe, and lots of fields are going fallow because a handful of party-aligned strongmen bought all the land in Hungary simple to eliminate competition, many of their new lands are left unworked even now.
@@aleksandarstankovic3202 The problem is that joining the eurozone isn't something that can't be done easily and quickly, it requires healthy public finances, a low inflation rate and linking the value of the national currency to the Euro for at least two years, which due to the current state of the Hungarian (and European) economy isn't something easily acheivable, even with a different government
@@aleksandarstankovic3202With the above described state of politics and economy in Hungary, they wouldn't be permitted to join the € - regardless of what Hungarians want.
the funny part about edf having it prices cap at 4% is that normally iit should have been 0% increase (they dont use gas to make electricity) but edf is forced to cede 100TWH (about 1/4th of its production) to its concurents and with the increassein price of the foreign coutry electricity, the concurent to stay at decent prices needed more so the gov increased 120TWh to be ceded so edf is now with a lack of 20TWh that she need to buy from the other companies that produce electricityin europe where the gas price had an influence on the price
Would be interesting to see non-EU nations included in the statistics as well. Ukraine and Russia would be very interesting comparisons, Ukraine is believed to be around 30% now, and Russia is at 15.1%. Other interesting comparisons are the rich non-EU countries, Switzerland has by far the lowest inflation with 3.4%, Iceland is at 10%, while Norway is slightly lower than France at 6.3%. Serbia is at 12.8% and Bosnia at 15.8%. Meanwhile the United Kingdom is at 13.6% performing worse than the EU average. But making dwarves out of all is Turkey at an astonishing 70%. Getting a wider scope at the whole continent may show that the EU market might be stabilising the continental economy. An important lesson to certain *ehem ehem* people who thought it best to leave. That's just my view on it though, as a Norwegian who isn't even in the EU and has been against an EU membership for 99% of my life and only recently realising that solidarity and co-operation is worth more than nationalistic benefits, so I might read too much into it. It was funny seeing the English rant about "stronger together" when Scotland wanted to leave, meanwhile the English were the most pro-Brexit. Stronger together indeed. You would expect Britain to do better than average being a Western European nation, but now it's got an inflation worse than Slovakia and Romania.
Inflation is calculated using different basket. Making the resulting values not directly comparable. Eurostat imposes some uniformity so value can be used to take action in the EU. Thats why it's very easy to find full table for EU countries. For data that has more uniform methodology like GDP it's easy to find comparison data from OECD of world bank. Inflation isn't easily available.
@@eliahabib5111 Eurostat does produce a standard of measurement that statistical offices in countries like Switzerland and Norway strives to follow, though. As to Russia and Turkey, probably not as much, so I'll agree with your point. You're right. It's still an interesting comparison with the UK though, the UK is a gas producing country which also has a gas line connection to Norway, as well as a reliant domestic electricity production besides gas(which sits at 35%), such as bio-energy, nuclear and wind. There's not obvious reason why the UK should perform worse than Romania, and no obvious reason why the UK Office for National Statistics numbers should differ from EU standard.
For the past couple decades, all the talk seemed to have been on how Germany the model country to be replicated across the EU. Then Russia invaded Ukraine, and in just 6 months it became obvious that military spending had been insufficient, that energy sourcing not only depended heavily on Russian gas, but that there no/little infrastructure to get alternative (dismantled coal and nuclear site, no LNG terminal, etc.) The goal is not to point fingers (there are a bunch of other countries that are faring worse than Germany, and it's to early to tell which one will weather the best the current political and economic storm). But, it's a good reminder that it take a *really* long-term view to gauge the relevance and efficacy of strategic infrastructure investments.
There were a lot of people pointing out that Germany's decommissioning of its nuclear plants in favor of (Russian gas-backed) solar and wind was going to create problems, for years already. This isn't the first time Putin's carved out a bit of Eastern Europe and threatened to turn off the heat if anyone pushed back on him. 'Pointing fingers' at Merkel and the Greens is entirely appropriate if you actually want to avoid this disaster in the future.
When the GFC hit, Germany did the best. They have less social supports than many other countries, and hence less spending. So everyone looked to them. But things with Russia were better then
Germany preferred rely on russian gas than on french companies to build and operate nuclear plants. This is the sad truth. Germans don't want reinforce french economies and skills.
I live in France, and I can assure you that food inflation is way higher than 6%. Meat, for instance, has gone up by at least 25%. Fruit and veg is similar. The only good thing is electricity. That was ring-fenced at 4.5% I believe.
Quand on parle d’inflation à 6,8 %, c’est pas simplement sur un produit. C’est au global, sur l’ensemble des produits que consomment les ménages. C’est en quelque sorte la "moyenne générale". Et de ce point de vue-là, le coût de la vie en France a moins augmenté que celui de la moyenne européenne.
@@fredscoffee In July, France calculated 6,1 % of inflation. After having regularized this parameters according to EU’s standards, it’s now 6,8 %. So the number that we use now in France and in this video, and it’s still the lowest in Europe alongside Malta. So, yeah it was "technically" underestimated, but not that much. It’s not as if we secretly hid a 15 % inflation rise.
Thank God in the UK we didn't stall offshore wind projects/renewables and then decide to get behind them this year when it's too late to help people. They might not be a complete solution but they certainly would have helped. I'm so proud of our competent politicians.
Speaking of Liquified Natural Gas, the United States actually sent nearly 75% of all its liquified natural gas to Europe in the first four months of 2022, up from one-third last year. Countries that have the infrastructure to still benefit from these LNG imports are the UK, France, Belgium, Poland, Lithuania, Malta, Spain, Portugal, Italy, Greece, & Turkey. Tragically, Germany and other European nations that chose to integrate energy economies with Russia are now being threatened using that leverage. Fortunately, the tedious work can be started now to build new infrastructure and redirect their energy sectors away from Russian gas.
Germany has the ability to rapidly construct and open new LNG terminals, before the years end, which they are taking full advantage of right now. The Russians will soon lose their leverage over its European customers, seeing as how Germany among others has the infrastructure to export gas to other Russia dependent neighbors like Austria among others. Yet Russia cannot really export much gas to countries without pipeline connections, and the only major ones go to Europe. This means that Europe, in the mid to long term at least, has far more leverage over Russia than the other way around,
Don't know about other countries, but Finland has a LNG terminal in Tornio (supplies the northern parts of the nordic countries), and a floating terminal in inkoo (capacity to cover both Finnish and Estonian needs) is supposed to be ready later this year
@@JP-lz6gc Ireland doesn't have an LNG terminal. There is talk of one now. But franking is banned in ireland. We Irish are against dirty fracked LNG. However a LNG terminal may be built in the future. Our government fumbled the bag on energy. No nuclear, no large offshore wind eventhough we have perfect condition for it.
The inflation rate can be high as long as the GDP is still growing. So for UK that has a decreasing GDP plus a high inflation (10,1% in Juli) it’s more of a bad news.
Living in denmark im lucky af. Just got out of school and into workforce. And living with central heating that is made from solar/heatpump and woodchips in the winter. So heating my house only has a small increase. And living of govement benefit in school. You get to know how to eat cheap. So im digging up the good habits, cutting down, saving up. 😁💪 Did turned down how much i pay my debt repayment just a little. But still paying more than twice than i should. So im still good! Even though it hurts a little
@@sirc1446 welp. Few hours later. just got fired from work due to low order count. But have other jobs possibility. So that is awesome. But still. Did dream about quiting my job for a better. Not a quick job shift.
well, we left because coup d'etat happened. The new government doesn't want our help but more russian's one (corruption, fake proof by wagner like we saw few months ago). To be honnest, I don't care.
@@wrestlinganime4life288 simple, they have a weak pro France government, coup happen, kick france, get attacked by neighbor, call France back, France coming inspiré à revolution, wich put a weak government in place. Repeat
And the other part was quite wrongly informed…France is buying a lot of energy from outside because their nuclear powerplants have massive problems…France literally is the reason why prices keep rising even tough nothing changed for months now
In my country, Switzerland, inflation in August was only 3.5%. Except when filling up at the gas station, it is hardly noticeable. For me personally, inflation was even negative, as I was able to negotiate last Spring a substantial discount on my rent .
@@stanislash.4732 thanks, it is starting to get frustrating how many channels here are made by people who are just talking out their ass. I had considering making my own, but considering the state of youtube now it is diffidently not worth the effort. My hypothetical canal would be banned faster then we can say "thoughtcrime"
If France handles its domestic socio-cultural problem I think it could become the symbol of European values. But yea, domestic issues put a damper on that.
I don't know what you mean exactly by socio-cultural problems but I will try to give my two cents on this. As a french speaker from Belgium I think that I have a good understanding of the french politics while having a view from the outside. In term of values france differs from anglo-saxon countries because their definition of liberalism is not the same. France follows the path of classical liberalism while anglo-saxon countries tend to consider freedom as an intrinsic value that is self-sufficient when promoted. But I think that the major difference is that, based on history, in anglo-saxon countries people tend to think on the basis of communities (ethnic, religious) while in France it is based on the individual. I personnaly think that the anglo-saxon way is more naïve because it has a lot of blind spot and you can't follow your own path in life as an individual free from the weight of traditions if at some point we don't give someone the means to think outside their community. This is why in the public schools in France you leave your religion outside. The french society may appear more conflictual but the rate of inter-ethnic and inter-religious couple is higher than in the USA or the UK.
Most US Economists don't seem to want to look at these nuanced factors and instead say the simpleton catch all of Inflation was caused by "Printing Money"
@16vjtdalfa I think the future of economics is really figuring out the productive capacity of the economy to fine tune how much of a cash injection a economy or sector of an economy could take before you run into inflation.
@16vjtdalfa But is it inflation when they printed money during lockdown? Millions of Americans got _free_ money for doing nothing. There was no efficiency there.
I wish French citizens would realise this. I have tried to debate it with locals and how well their country is doing comparatively to the rest of Europe and UK, and it all breaks down to emotions - people simply don't like Macron who I think is not a bad leader.
If everyone is covered by shit from head to feet your not happy I understand but the people who have only their legs covered by shit are not happy either even if it's better than being covered entirely.
Macron is not responsible for the energy policy of France, that's inheritance from the past, he even closed a recently totally refurbished nuclear power plant in Fessenheim (eastern France) just because of an agreement he made with socialists and ecogolists. But he recently made a U-turn fortunately, saying he wanted to create additional nuclear plants, because most political parties from the center to the left want less nuclear (at least before the war in Ukraine), they couldn't understand that nuclear was the best compromise for massive production.
Such a great group of channels. I am more than happy to like videos like these as I genuinely want more people to see the fact-based and impartial news you produce. Keep up the great work, I am a fan!
@@thetaomega7816 i bet you are german xD your gov keep propaganting you with this 90% bullshit xD don't worry germ bro we will sell you our surprlus this winter, at a very high price ofc xD btw very good decision to sack you 3 last reactors, it's more sells for us xD
To this day, I still wonder if Macron was possibly pointing at a freezing and hellish winter for Europe when he said, “do not humiliate Russia.” Macron foresaw that Russia is almost certainly cutting off or lowering gas pressure by early this winter (much earlier than Germany’s second stress test). Then Europe is not only facing a cold winter, but a detrimental hit to the economy.
E. Macron was pointing at the undeniable fact that Russia won’t vanish overnight, it will still be there in 100 years and if the West doesn’t handle this properly, Russia will seek their revenge. It will take 10 years, 20 or 30, but they will come back with way more death and destruction. The French are well aware of that: they pushed very hard on Germany with WWI Treaty of Versailles and basically propelled the Nazis to power by fuelling the backstabbing narrative and such. Unfortunately the French seem like the only one to have learnt their lesson.
@@tixien long history mean a lot of occasions to make errors, which mean a lot occasion to learn... if we don't ignore those memories, we don't repeat the errors... in this, France has learned from both WW1 (do not humiliate the "enemy", treaty of Versaille) and WW2 (do not let the "enemy" think you wont oppose him when he's aggressive, Munich conference) those who forget history are doomed to repeat it... the EU wanted to deal with Russia as France and Germany dealt with each other after ww2: peace, commerce and prosperity. Obviously, the current Russian lead didn't want only that. They still have their imperialist views (the same they reproached, in CCCP times, to the colonial empire, btw). So, obviously, it failed. The EU and many others are reinforcing Ukraine to drain Russia and get them to understand that their way isn't one that will goes well. Right now, they're only providing material and financial help... and see the bog Russia walked in. It's a teaching experience, one that also is buying time for "the West" to adapt back to a high intensity threat... "Western" soldiers are bloodied and tempered, meanwhile, some "eastern" soldiers are simply just out of the training barracks... USA freed lots of its means by going out of Afghanistan, at the same time leaving an explosive hive in the back garden of "eastern" powers... let's not forget also that the sanctions are only beginning to show their effect. Next winter may be cold in the "West", but there still will be "gifts" under the the Christmas tree and we can still replace our broken tech... not so much in the "East". And things are moving to remedy to some of our logistic self inflicted problems. Critical industries are incited to come back home, diversification of providers... some of it may have costs, but the word of the day long term planning over short term benefits...
One subtle detail is the very good VAT threshold France offers compared to the rest of Europe. It's around 87k euros compared to most EU countries that vary from Nil like Spain to 15k like Portugal. The UK and Switzerland also have a very high VAT threshold making it easy for very small businesses to compete. It encourages the creation of small business.
Consumer prices for food and other daily commodities also depend on the level of VAT, competition among retailers, and self sufficiency. If you live in a country where people grow some of their own friut and veggies, and farms run a direct outlet, retailers will not be able to rise prices of said good. A country that charges 20% VAT will see more inflation than a country that only charges 5%. Areas with a well organized public transport system and a good bike infrastructure will care less about 2,50€/l gazoline prices, than a rural area where you have to drive 10 km just to get to the next groceries, and 50 km just to get to your workplace.
Latvia has everything about the same expensive as in UK while having less than third of the salaries, that's why percentage is so high, so these statistics seems like they are, while in reality, business rise prices for reason or without it.
As someone who grew up in Greece and moved to the UK 2 years ago (and currently on vacation in Greece), I can tell you it's exactly the same case here. Going to a supermarket is actually cheaper in the UK in absolute terms, so taking into consideration difference in wages between the two countries makes things much more dramatic..
Simple: France’s economic system is highly regulated so during economic grow circles it grows slow but during economic crisis it perform better. Unfortunately we cannot have both.
France may have a low inflation on paper but living in France is very expensive, you barely get by with a little over 2000 euros a month salary. So i don`t know who created those statistics, but they don`t match with real life. And especially now that all the prices are going up.
Thank you for yet another very informative video. I would like to point out that Pre-Covid price comparisons are not very accurate. Price history comparisons for Oil and Gas like products are much more accurate and tell a far better story over a ~25 year price comparison. What would be even better is to compare the Benzine and Diesel prices over the same period. Then you'll see that fuel prices have never been this high while Oil prices have been above $100 before..
@@muharremdemiraydn7766 yes… turkey‘s inflation is tough… expected inflation for the Euro in Germany is 3.9% over the next 4 years according to the bondmarkets… that does not include unexpected inflation… so I might just overestimated what is building up here…
there is no problem with inflation in Lithuania, yes inflation is 20%, but average wage growth since 2020 was 30%, i expect similar situation is in Estonia and Latvia
@@Snp2024 government and companies not being greedy pieces of sh*t, because contrary to what companies might claim, no. Increasing wages won't also increase inflation.
@@endkatana3530 no. If increase in wages and inflation were magically linked, we'd have less inflation than we do now. Business conglomerates and corporations have just noticed that they can increase the price of their product, whilst keeping the wages the same, and nobody will be there to stop them. Increasing their own profit. It's greed, not wage increases, that truly drive inflation today
Reporting live from Estonia: prices are getting INSANE percentage wise. Combines with energy crisis as we currently have prices for electricity higher than in Finland.
The energy contribution to the French-german gap is not that easy. Gas consumption for the end-user in Germany is mostly a problem during winter-time because of heating. In summer gas is consumed for electricity and the industry. But the gas for electricity this summer is not used for german consumers but to step in for French consumers who lack energy. Why that? Because half of French nuclear power plants are out of use. So the german gas consumption is part both of german and French inflation.
Worth pointing out that on that annual inflation chart at the start of the video, only one country with a right-wing leader has inflation lower than the EU average, and only one country with a left-wing leader has inflation higher than the EU average.
France nuclear power plants are not suffering outages, unfortunately for France many were due for maintenance work this year at the same type energy cost have been going up due to the war and Covid . Some issues have to do with severe drought and heat which blocks some power plants from getting non contaminated water out in the rivers
Can someone explain why Sweden and Finland are doing well in the inflation rate? I mean Sweden is a relative large economy but Finland ain’t that super big and with the recent severed connections with Russia, shouldn’t they be on a recession?
We barely use any gas in Sweden, I'm pretty sure that's the case in Finland as well. Hydro and nuclear but also biofuel plays a big part. Especially when it comes to industrial energy consumption.
as a french, energy is going so up we cound'nt think it was possible the Megawatt price would go 35% more expensive because of business competition and politic actions suchgoing for "renuevable and eco friendly" energies. also up to 50 % of our nuclear plants are currentle closed for maintenance until dawn of next year ..
Canada is a net exporter of both food and energy, and we have high inflation too. There doesn’t seem to be any silver bullet to avoid it. And much of Canada’s electricity rates haven’t changed at all, I pay about the same electricity rate as I did a decade ago (the equivalent of 9.6 cents USD per kW) so our inflation is mostly driven by other things.
Inflation started before Putin's war and energy crisis. Then the world recovered from Covid, all countries rushed for primary resources and goods on shaken trade roads, so the prices increased by scarcity of offer. Putin's war did not help, nor a large share of speculation when everyone rises his price to increase profit, pay suppliers and mitigate inflation risk - by creating more inflation.
I know there are myriad factors, but our size and climate also factor. We may be net exporters of energy, but pipelines being limited, different parts of Canada get oil from different parts of the world. We may be a next exporter of food in net tonnage, but our northerly latitude and continental climate reduce ag output and have us reliant on imports for most fruits and veg at least half the year. As Canada is tightly integrated with the American way of doing things, we have deficient rail service (both freight, commercial) and over-reliance on trucks for the delivery of goods thus baking in extra costs passed down to consumer goods. I suspect there's a strong correlation between avg km driven and national inflation rates...Our cities are inefficient; they tend to be low-density and car-centric; a source of individual and collective impoverishment (the economics of car ownership burden cities with lower-income per sq meter, while costing more in infrastructure deployment and maintenance and hog precious tax income; and they burden individuals with an expensive to maintain depreciating asset). Being forced to own 2+ cars to be functional in your city, to get to work or do groceries, is a huge cash drain on families and gives them reduced flexibility in times of inflation.
@@electrosyzygy Oh for sure, all your comments are absolutely correct. But even if we're exporting one thing and importing another, it does help balance out or economy (as opposed to an economy that has to import way more of these things than they export), and give us negotiating clout as well when it comes to international treaties, etc.
But that is because Prices cross borders. The Netherlands and the UK have a lot of Ports that can accept Gas Tankers from around the world but due to the connections to other European markets the price is relatively uniform across Europe.
It could be worse. Look at us (Spain), we don't depend at all on Russian gas or Ukrainian wheat, yet we have the highest inflation rate in all of Western Europe... We basically follow Germany's anti-nuclear policy and are even more radical about coal power plants, as Germany reopened a few of those in 2019-2020 and meanwhile we decided to blow up a few of those. To top of that, we decided to jeopardize our relationship with our traditional gas supplier, Algeria, on our own, which means Algeria cut off relations and most of the gas supply, so now we're importing most gas and oil from the USA at way higher prices because of sheer logistics alone. Oh, and you guys still have a low unemployment rate and rather decent wages, we have the highest unemployment along with Greece in the EU, which means wages don't increase and have been very much the same since about 2006 (and that's in most sectors, in some others wages were actually higher in 2006 than they are in 2022)
Its not all that easy I think. Yes Gas is expensive but currently our Gas Power Plants are more needed since they also provide electricity to france. I think the main difference is that france has limited the price for energy. Meaning the state has to pay the difference one way or another, later on.
Imagine if they’d left the EU like us, they’d be even more powerful cause its totally not like leaving it was a stupid idea and the EU was used as a scapegoat for a clearly inept Government. I mean clearly France actually cant do or decide anything themselves right? Cause something something bureacracy….. Oh god, maybe leaving the largest trading bloc where we had huge influence and control was actually really stupid as we were just holding ourselves back all along…
In the UK you were the exception, you were part of the UE and at the same time kept control of your own currency. It was like having the butter and the money of the butter. Definitely a crazy move to turn off such privileges due to demagogues.
@@LordNementon absolutely agree bud. Idiotic move for us to leave, personally very frustrating to me as the free movement was something I was actively using but now need visas
Your series on the business titans sounds really interesting. These titans are basically kings… just without a physical country to rule over. They must have hundreds of employees just dealing with all their customer countries.
Talks about Germany being so reliant on Russian gas and lists Germany as having high inflation then shows the list and Germany is lower than the EU average 😂
EDF hasn't been fully re-nationaziled yet. Macron's government expressed the intention to do it, but for the time being it hasn't been seen in trades. ( I have about 60 EDF shares, and I haven't been asked to sell them, and a price has not even been defined ) So the 10 Billion Euros have not been spent ( yet ) and may never be spent as re-nationalizing EDF would go against the EU law.
@@martinrye712 Depends. The EU itself did it during the 2008 crisis when banks were on the verge of collapse. Generally speaking, it's not seen as an acceptable move, but in time of crisis, no one cares. Especially since the main reason why EDF is in bad shape is because of the EU regulation (basically, because of its monopoly over electricty in France, EDF can't sell electricty higher than a fixed price, including to european partners).
France already had higher consumer prices than comparable European countries before the inflation spiral began. So there was not much room for further inflation (in other words French consumers were already being ripped off for years).
Not too sure - while things in France were historically slightly more expensive than neighbouring countries like Spain or Italy, most goods were less expensive than say Belgium, Switzerland, Nordic countries etc.
Simple explanation as a French. We have a cheaper energy with Nuclear Energy while German and European Ideology force to reduce our production on this technology. The second thing is EDF (Electricity of France) is holding by the french state (100% for production) and Engie (25%) one the biggest company in the world (Gaz of France). Better than private companies! The agriculture is the most efficient in European Union and we are almost independent on this for the food with our overseas territory all over the world which gave for France the second maritim biggest exclusive zone. France was much better before European Union...
Why is Germany your example for higher inflation, if it is signifcantly below both Euro & EU average? All anyone seems to be on about, is Germany's dependency on gas, Russian gas, Russia, their supposedly screwed up energy policies, etc., but as we see, they aren't in the high areas in any those things compared to many other European countries.
Because Germany is always the scapegoat that does everything wrong. Germany does not support Ukraine, but sends the 4th most money and weapons (after USA,UK,Poland).... Recently I read a post on the American Business Insider channel, there was pulled over the German economy because of it come dark times on Germany, yes may be but the U.S. is in a recession (Q1 2022 -1.6% GDP; Q2 2022 -0.6% GDP Grwoth) and Germany? (Q1 2022 +0.2% ; Q2 2022 +0.1% GDP Growth) Do you have to understand that? Simply USA Logic....
It's because Germany has the most robust anti-inflation weapons arsenal (aka large economy). Therefore even if Germany is low on the inflation ranking, it is considerably higher than it should be. Hence why it is a good example.
@@deepshadowuk Germany‘s economy per capita is not higher than that of Denmark, Austria, or the Netherlands, which has 11.6 compared to 8.5% inflation. And out of those, only the Netherlands uses gas for a majority of its electricity. Denmark’s wind and Austrian‘s Alpine waterpower are the biggest power source there and should have shielded their citizens from more of the inflation.
@@autarchprinceps Fair enough. However Germany has one of the largest population in Europe, which gives them more influence / power and therefor better tools to combat inflation. So I still feel like my point is valid. Although I’m open to hear why demographics are irrelevant.
@@deepshadowuk Well, it depends on the type of inflation control you mean. Germany has little more influence on the EZB directly, and measurements like direct financial support for poor households scale with population, so for them per capita wealth is more important than total size. Size becomes more important if you are „throwing your weight around“, speaking in terms of trade, but since most of that is primarily EU wide or at least Schengen wide, it would mostly be stuff like the recent deal with Canada or the likes, but hardly stay contained to German inflation.
Crazy what access to non fossil fuel energy sources that aren’t reliant on other countries can do to mitigate inflation caused by the harmful acts of other countries
Hmm. This video seems a bit speculative. The reason why Denmark is not aiding household is exactly to avoid inflation, so I was kind of surprised when you argued the exact opposite.
I have to say, I totally understand why the United Kingdom isn’t included in these analyses, but it feels odd that we are not. As the Uk is clearly visible on every European map and is experiencing all of the aforementioned issues facing EU countries. This is a trend occurring across many informative channels covering European politics and issues, I feel less informed as I no longer receive any of this non biased content. Anyone else feel similarly?
Not sure if it is just me but there is a stutter in the video.. Very subtle but not subtle enough to not be annoying. If it is indeed the case then it might be worth looking at your "field order" settings when exporting
The problem with the French is they never look around and see how others are doing. But always complain on internal affairs even when they're doing better than their neighbors. For French people, France is the worst place in the world.
Demographics. Decades of family friendly policies. I'm a Republican but the US needs to immediately implement similar policies. This is not the 1960s - with both parents now expected to work this is incumbent on the government to assist
Neither party here has cared about working families for the past few decades and they likely won’t again for the foreseeable future. They don’t care. I’m also a conservative but economically I’m center-center left because neoliberal economics have not been working. Democrat politicians want to appeal to woke, college educated whites while republican politicians want to keep worshiping laissez-faire capitalism without realizing they could immensely grow their voter base if they decided to be more pro-labor.
@@SlapStyleAnims You said a lot without saying much. France absolutely has had the best pro-family policies in Europe post WW2 and this can be seen in the demographics. Compare Germany and France and their population grouped by age group. I don't care about party policies and frankly I am just an independent voter. The US needs the following family policies: 1. Paid maternity and paternity leave 2. Free public daycare options 3. Free college and trade school options (focus on STEM and trades such as electricians) 4. Large tax deductions for families This is a lot of spending but I believe this spending is completely justifiable. This is something that only the government has the ability to fill. This would lead to a US that would be the following: 1. Much larger population 2. Higher percentage of the population highly educated 3. Ability to increase consumer spending as 1. People who would not have kids do and 2. People with kids can spend more on consumer goods rather than need to save tens of thousands for a higher education These policies would dramatically increase government revenues and the US position as the leader in jobs for advanced, high value add goods. The US exports the labor for low value add goods; we need to be building and servicing all high value add products/goods/services for the world. We are uniquely positioned to take advantage of this. In 2016 my major policy concern was China. That has been addressed very well by both democrats and republicans; there is more to do but we are on the right track. Ensuring domestic growth in both population and percentage of the population engaging in high value add jobs is the next step. Everyone you know should be an engineer, plumber, banker, lawyer, data analyst, etc. All of these jobs require high levels of specialization and jobs with high values of specialization ensure higher tax revenues, etc.
As someone who lives in Estonia most people spend most of their money on rent and food as the average wage statistic is very skewed as the government workers make roughly 6 times more than average worker and as such the national average sits at a nice 1200 euros give or take a bit. In actuality most people make around 600-800 before taxes. Considering average rent was between 300-450 before inflation and now has sky rocketed means that people have pretty much no free capital as seen by the fact that shops of all kinds are completely devoid of people. I've travel Europe before the inflation got bad and it was still far more expensive in Estonia, and recently when traveling through Europe have seen these divides getting bigger, Estonian businesses have always artificial pumped prices up. The Estonian prime minister hold large amount of equity in the energy sector and thus is pumping up the price and has even told people if they can't afford electricity to store food outside in the winter.
You did not mention that France is buying huge amounts of energy from Germany due to the problems with French nuclear power. This drives prices in Germany up while consumer prices in France are capped
france always import energy but in total france always export more, its just that we try to exploit at best our ressources so if germany has an excess of renewable enrgy, france might buy it and so on. Also, in May 2022 26-30 of the nuclear plants are off line, this is higher than normal and is caused by corrosion inspections in 12 of their plants. If the inspections discover major issues then it will be an issue in winter. The remaining plants are off line due to standard maintenance and high water temperatures in the rivers used to cool the plants.
Who would have thought that a country having cheap energy from nuclear plants will be able to better secure its citizens?
Due to drought and maintenance many of Frances nuclear plants have been offline and they have been buying electricity from Germany. You clearly know nothing.
you mean the nuclear plants that have had to shut down repeatedly because of the drought, forcing France to buy energy from Germany, which has only three nuclear reactors left?
@@haisheauspforte1632 despite what you say, nuclear is by far the most efficient way of getting energy. The “greens” and “environmentalists” literally shut down clean nuclear energy in extange for fossile fuels and dirty energy
So the UK must have cheap energy right now, too.
@@schutzanzug4518 I know. I am pro nuclear. But I like sticking to the facts
When using data from Eurostat there is no different way of calculating inflation. It is called 'harmonized inflation rate'. And then there is national inflation which is different because different countries have different spending patterns. For instance richer countries spend more on energy and less on food as a proportion of total consumer spending.
Where do you live Vlad?
I live in France. I shop for and support a family of 7. Since Covid my weekly expenditure has doubled. possibly more.
Macron is hated by the French. If the if the truth gets out it is French Revolution 2.0
French government is dishonest from the top down. If you think you can trust Insee data and stats then more fool you.
@@christoft5468 Hi Chris. Sorry for your misfortunes. I'm from Romania and I am sick. So I live on 200 euro pension. I have no opinion about Macron, as I think is the French people's business. That's different from the West who lectures us whom we should vote.
Hello from France. It's good to hear positive news on my country, for a change :)
Hello France hope it all works out for you.
@@matsuz100 Hello England, do I sense some doubt about the positive outcome this economic/political situation might incur for France or some regret about Brexit and what that is currently causing? Maybe a bit of saltiness about the high prices uk citizens are paying because of EDF? Or is it just a simple "nice one lads, good luck".
@@deepshadowuk definitely doubt
France will enter a new empire age soon as the rest of the EU fails.
@@deepshadowuk It's more like a "Good luck". What do you want to say to people who reject teamwork? This is what you get when uninformed people decide for the whole country what's supposed to be best.
France uses nuclear energy. Germany stupidly based upon populist sentiment was ditching nuclear energy. That explains most of the difference in inflation.
To be fair Germany's Inflation is below average too, while it is far worse in countries like Poland or Spain, who did not shut down as much of their energy production capabilities
Lol no currently France is importing a good chunk of its energy from its neighbors because their power plants are down for maintenance. Their energy prices are among the highest in Europe but they cover that up with taxpayer money so those prices don't reach the consumer.
@@heyho4770 And meanwhile they also cause energy prices to rise dramatically in Germany and force Germany to use their gas plants to help out France
france is importing german energy like crazy because their nuclear plants are all non functional lmao
Nuclear energy in France at full power (48 GW - 550 TWh/year) is 17% of all its needs, just nearly like a drop in the sea of our energy needs
- Why is France winning?
- Because they produce 78% of their energy from nuclear plants, and 19% from other renewable sources. It is also one of the few energy independent countries which is well on its way to achieve net zero target.
Germany and the UK should radically rethink their policy on nuclear power since wind and hydro aren’t gonna cut it (and it seems Russian gas won't be a viable option in the future).
Rn france produces about 10% of its own energy as its nuclear plants arent running
At the moment Germany is producing france's Energy because their nuclear plant are not running. Wind and Solar Energy can make it.
France is not energy independent, they have to buy a lot of energy right now.A lot of their nuclear power plants are down because of maintenance or the current drought.
@@patneu France also sells a lot of energy. Among the EU countries, they are in the best position.
They never lost sight that they are an independent country separate from the EU.
As someone who has played a bit too much eu4 I think France stored up a bunch of admin power just in case
Macron went Economic+Admin, he gets lowered inflation reduction cost.
Well they are also getting 1 more of each now Macron has been re-elected
Macron is a 5,0,1 ruler 😏
@@catmonarchist8920 Since he was re-elected that would be 6,1,2
Also since we regularly insult our rival UK we get +1 from power projection.
I can tell you that in France there is no one, even politicians, who is talking about the country doing better than the rest of Europe. I suppose that 6,8% in 2022 when it used to be 1% or 2% just a year ago is still a shock for everyone.
Oui 😭
I definitely confirm! People and politicians are not paying attention to it.
I just heard some journalists briefly saying that on BFM TV, or heard “lower than the European average” but definitely not “lowest in EU”. Apart from these few exceptions, nobody really seems to pay attention to it.
@@IM_AYKHARAAD Inflation and unrest just play in the hands of opposition leaders (this happens everywhere, btw) and if Macron said "6.8%? eh, still better than the other EU countries." it would seem like he's not taking it seriously. I'm not necessarily a Macron fan (I am actually a socialist), but I do believe that defending the government's choices is always more difficult than criticising them.
you know this is propaganda .... THIS is NOT what is happening in FRANCE ... they will FREEZE this winter as many other countries. It is a EURO country !!! i have friends there ... i speak fluent french and this is completely FALSE .
@@maxdelater3369 For sure. But I think that in other countries, politicians wouldn’t have kept this quiet, and same in the media or a bit more than France does, even though of course, opposition says it’s never enough in every country.
I agree to say that it would be a bit presumptuous if Macron said: “Heeey guys, guess what: we’re doing a way better job than all of our neighbors! Throw us some flowers!”, of course. 😂 But as a French, I think this goes further than reason. In general, the French are really demanding (in French we say "exigeant"): when a crisis hits Europe, and the government helps us financially during crisis, for us it’s completely expected, it’s like “Of course, you’re gonna help us! Hey, 4% of inflation, that’s enormous!” whereas in other countries like the UK or the Netherlands, at 10 or 11%, people are like: “Hey, government, why don’t you help us?”, cf. the current striking movement in the UK.
People really underestimate how powerful France is. They have a strong economy, powerful allies and a lot of influence over West Africa. They also have the strongest military in Europe and are energy independent
Also they have wisely invested in nuclear energy to diversify their energy sector !
"Influence over West Africa" more like "Neo Colony in West Africa"
@@IwannaDomyCrush Be careful the people gonna be mad
Influence nonetheless!
also they are the only ones with a birth rate over the replacement level
The French Economy is built for resilience in economic hardships with a lot of safety nets on the lower side. It is however not geared for strong growth. This explains why they survive economic diffculties better but grow slower in the better years than say the UK economy which is more geared for aggressive growth and no safety nets in the harsher times.
And yet France has incressingly caught up with the US in per capita GDP and employment figures. Maybe boom and bust isn't the best way to generate total societal wealth, just the best way to concentrate it into the hands of an elite.
@@kennethferland5579 you've nailed it.
We’ll maybe moderate growth is the way of the future instead of hyper growth which hurts our planet . Look at China……..
@@kennethferland5579 french might actually be weathier when you take into consideration that with their income almost none of it go into health/medication or school because "it is free"
@@ltgdr6298 well yes it is free, but considering the huh... numerous "budget problem" (read corruption because frankly while the pandemic did not help it already had problems prior lol)
One might wonder for how long will it remain that way
Because it's cheaper to operate EDF at a loss than wrecking the entire economy.
Did you read about the Greens in the U.K. who want to nationalise EDF U.K.? A wholly French state owned subsidiary of an 86% French state owned company?
@@NotALot-xm6gz don't worry. The Greens will never get in.
Not to mention how France will be receiving interesting revenues when Europe gets back to normal. Here in Quebec we have nationalized Hydro-Electricity and haven't looked back for decades despite the teeth gnashing and howlings of the neo liberal/con vampires.
@@slytester5636 "neo liberal/con vampires", i love those descriptions of yours there ;)
@@vladimirstok149 well, a rose by any other name can still make you bleed.
And people wonder why France is so persistent on securing her energy and agriculture independence, bruh.
Merci enfin une personne qui a compris
@@Rafale.France L'agriculture et l'énergie sont très importantes pour une pays.
@@jacqueswan2867 je dit pas le contraire c'était la ou ont n'avait le plus d'atouts d'ailleurs Avent l'Europe
@@jacqueswan2867 c'est vrai... je suis confuseé de fermeture des centrales nuclaires d'Allemande.
@@DominguezSK Ils ont prétendu l'énergie nucléaire "pas vert" mdr
I tend more towards capitalism and free market than to planned economy. But I think that governments should have a very heavy control on energy sources, as it is with the roads and other infrastructure. And I appreciate France in this aspect.
A planned infrastructure and energy is the way to go, but a planned Education System is the most difficult, because people may not want to towards the jobs needed. Because if you plan out infrastructure and where things are you can fit the needs of every neighborhood and how the Logistics are going to supply those areas.
Thats basically just socialism and its shit
A free market only works with goods where people can actually choose. People need energy and it tends towards local monopolies. Making energy private makes about as much sense as making roads private.
The core issue here is limited ressources. The type of economic system doesn't solve this problem. Especially when you're a country that doesn't produce his own energy ressources (fossil fuel, uranium, etc) and depends on other countries to get them.
In this case, those leftists who suggest to limit prices and therefore the amount of available ressources as a solution to the issue of limited ressources, make me laugh very loud.
Markets can really only work well when there is actually a space for a market. Non-renewable energy requires expensive and complicated infrastructure that only governments could reliably plan out. Same with things like train services (which is also why it works in Japan, because though the companies work with the government, they also have vast ownership over not just the trains but the rails and everything around it, even building restraunts and apartments in the area around the line which they own)
Also stuff that has inflexible demand like housing and healthcare can't be left to the market because the simple market principle of "if this service is shit i won't buy it" doesn't work if you're gonna die if you don't. Though stuff like government housing schemes helps, because you basically go "stop ripping me off or i'll get a government house instead"
Its always nice to hear that France is doing good.
Much love from Poland 🇵🇱🇨🇵
i really pity that when speaking "western europe" most of people think Germany and looks to their solutions instead of France
Thanks man, I love polish people, everything run smoothly every time I speak to a polish, very friendly people and proud !
Best regards from France ! 🇵🇱🤝🏻🇫🇷
@@_NoName0 unfortunately communist education really warped history and many people forgot that France is only country that cared about Poland replacing it with myth of polish hungarian friendship when in reality France was Poland biggest friend but there are still people here for example me that remember about our friendship. I have few french friends its always good to meet with them
I hope more french media will be present in Poland in the future because now its only german, us and some russian fake news so people don't remember and don't understand France
are all poles obsessed with germany or something?
@@lilmeowmeow3513 No, just there are no other media that would speak and explain other countries and among western countries germany is the most active in Poland so people know the most about Germany and see rest of the west from persoective of Germany. if they are pro western liberals they think "Germany" intsead of "France, UK, Netherlands". Its just problem with information given to pubkic by media
I dont like it so i voice my complaind about it
Merci ! Moja zona zgadza sie z panem ;)
The Ukraine situation has definitely moved me more from being neutral on nuclear to supporting the French model.
As in super old Nuclear reactors that should've been replaced ten years ago?
@16vjtdalfa Reactors aren't just concrete. The important stuff needs to be shut down or changed out unless you'd like alot more leaks and alot lot less power.
Me too! And I was very afraid of it before, because of disasters like Chernobyl or Fukushima
@@sharknado623 Antonietta: a proposito di Fukushima non ti preoccupare. Come si deduce dai report Onu, i morti per le radiazioni furono pressoché 0, tutti furono per lo tsunami.
Su Chernobyl: ricordiamoci che era uno dei reattori più vecchi già a quei tempi e che ci sono stati diversi errori umani che oggi non potrebbero accadere (perché semplicemente non è possibile farli. Tipo togliere le barre di controllo manualmente)
Well you know, I'm citizen of France and I always see the same thing. When the economy grow we are behind. When economy is crashing or everything else we suffer less then the others. Multiple reason. Our agriculture is big, power plant are less dependant, etc, etc...
Looting Africa too
@@kaha6987 cry about it 🖖🏻
@@kayzenl7911 well who’s crying now ? juju chosen people Talmudic slave
@@kayzenl7911 that's not a valid rebuttal
@@kaha6987 Looting ? I believe France buys ressources from Africa just like any other country.
Another interesting factor to analyze would be the car reliance. France has a high quality Train network, and in most cities the transit system is more than good and to an affordable price. Moreoverver there exists options so that your company finance 50% of your fuel or transit expanses. Meaning that even though the fuel price is an issue it is relatively mitigated by a pre-existing infrastructure and measures already in place.
That was true a while ago, and I swear I'm not the typical French moaner but ticket prices keep rising, SNCF said it would allow customers to pay in installments. Unlike other countries in Europe the government isn't creating cheap offers for unlimited travel and I think it has to do with the constant strikes and the rundown state of the network, you are genuinely lucky today if you make it in time to your destination, or at all (was stuck 6 hours at a station a few months ago for a 2 hour journey), and don't think about compensations.
@@queenflowerchild If you feel the French network disordered, don't try the German one. And having more than 30 minutes delay entitles you to compensation by French Railroad company, from 15% to 50% of your ticket, easily recovered using the online form.
@@gengis737 Definitely never tried the German network but the French one doesn't compensate, you have to fight restlessly for months and they keep telling you another service takes care of it. My ticket was cancelled for the strikes last december and I was told I would get a full refund plus 50% of the ticket price as compensation (still have the e-mail), turns out the strikes were cancelled but they couldn't stop the strikes for that day, it was too late ... , I never got reimbursed, called them and they told me I was never entitled to anything and should have just hopped on a train... and 2 weeks ago they cancelled another ticket without telling me, found out a few hours before, had to find another transport and of course no compensation or reimbursement either
I take the train from time to time. Would want to take it more but with half of the train who have OMG delay it's impossible when you are not from Paris.
@@antoineautran7728 Being French living in Germany i guarantee that SNCF is way more than decent.
Just imagine retiring as a registered nurse, using all your income/salary to pay rent and tax without any good investment or means of extra cash, tending to leave your profession/job that has been part of you for many years with no good funds. How will you cope?
This is actually what most families are going through, tax and rents takes almost what they got monthly, leaving them with no savings
That's why we need to plan ourselves via making extras in all we do because depending on paycheck that can give us our comfort and peace till we die is not guaranteed
@@alanfuller7176 I'm a nurse and I saw all this coming, so I've planned myself so engaged in forex trading. little I know about the business though but so far so good, Forex trading has been my very means of savings lately while my salary goes for bills and utilities
@@williamadams2361 I've heard a lot complaining about how unsafe crypto and Forex trading is but honestly speaking, if you don't experience you won't know, I've seen the bad and the good part of Forex trading
@@johnnycharles4163 Investing in stocks and Crypto market is the best financial decision anyone can make but the crypto market is much more better than anything else at the moment
Not all CPI are put together similarly. For example, Japanese CPI doesn’t include food. How comparative are CPI across different European countries?
Japanese people don't eat food, that's why they're all skinny
Usually inflation figures using consumer basket of goods is called "headline inflation" and that minus food and energy (which tend to be very volatile) is called "core inflation" and it's used to get a more stable figure that doesn't jump up and down.
Do you know who is Jean de la Fontaine ? It's a very famous french poet from the 17th century. He wrote a fable called "the cicada and the ant". When the cicada was singing all summer long, the ant was making provisions for the winter. When the winter came, the cicada had nothing to eat and was mocked by the ant.
France is the ant, Europe is the cicada. We told them so, but they thought it was so "funny" to mock France...
Now it's time to listen to France and do what we tell you to do...
…I feel like an explanation on Spain was expected (when you mentioned comparing it to Germany) but missing. Is what's happening over here being reported on? I have first-hand experience but I want to hear something from outside to remain as unbiased as possible.
Europe is rich af, they only need to cut back on luxuries. Compared to the rest of the world, it is a blessing to live in Europe and Northe America!
Luxuries don't make up the difference if we're talking about doubling fuel prices, or 20% inflation, especially in poorer regions of Europe.
Simply saying "stop buying luxuries" is not policy.
@@tigersfan1993 They have welfares lol these homelesses you said are mostly drug addicts and mentally illed people. Meanwhile, if you see the rest of the world, there are countries that face mass hunger and large scale shortages, way worst my friend!
Don't forget Australia and New Zealand
@@antunsimic985 Ugh, the environment there is too harsh, too remote, boring to live there!
@@FidelisDeiFiliusAugustinus i think living in a city of 5 million people such as Sydney or Melbourne cannot be boring
The currency in Hungary is plummeting, of course we won't switch to the Euro because Fidesz loves having control of the currency.
Our agricultural sector is severely behind that of western Europe, and lots of fields are going fallow because a handful of party-aligned strongmen bought all the land in Hungary simple to eliminate competition, many of their new lands are left unworked even now.
I have seen a recent polling that shows that 64% if Hungarians support joining the euro zone.
I hope they won't lead you to an historical inflation like the post war one.
@@aleksandarstankovic3202 The problem is that joining the eurozone isn't something that can't be done easily and quickly, it requires healthy public finances, a low inflation rate and linking the value of the national currency to the Euro for at least two years, which due to the current state of the Hungarian (and European) economy isn't something easily acheivable, even with a different government
@@LucaPasini2 I know that, I just pointed out what people who like in Hungary want.
@@aleksandarstankovic3202With the above described state of politics and economy in Hungary, they wouldn't be permitted to join the € - regardless of what Hungarians want.
the funny part about edf having it prices cap at 4% is that normally iit should have been 0% increase (they dont use gas to make electricity) but edf is forced to cede 100TWH (about 1/4th of its production) to its concurents and with the increassein price of the foreign coutry electricity, the concurent to stay at decent prices needed more so the gov increased 120TWh to be ceded so edf is now with a lack of 20TWh that she need to buy from the other companies that produce electricityin europe where the gas price had an influence on the price
Things are changing in that aera. EDF have been allowed to increase the price of the electricity they sell to concurrents.
@@ethan-fel Indeed, but only by a small margin
Hey, could you please give me some links to read on that matter? I've no problem if it's in English, french or other languages
@@stefamart7 Just check Arenh on the internet, there is some arcticle or yt videos about it.
I love France, definitely one of the most beautiful country on earth. I hope they lead Europe to a better future.
France does what Washington tells its "globalist" leaders to do. France does not exist any more.
Will probably go downhill in the next election in 5 years.
Yes. I'm not keen on Germany Leading Europe, they really got caught out with this gas pipeline.
@@matsuz100 More than that mistake I would say that they do not seems to have a credible leadership at the moment.
France is arrogant. Not many nations would follow France.
Would be interesting to see non-EU nations included in the statistics as well. Ukraine and Russia would be very interesting comparisons, Ukraine is believed to be around 30% now, and Russia is at 15.1%. Other interesting comparisons are the rich non-EU countries, Switzerland has by far the lowest inflation with 3.4%, Iceland is at 10%, while Norway is slightly lower than France at 6.3%. Serbia is at 12.8% and Bosnia at 15.8%. Meanwhile the United Kingdom is at 13.6% performing worse than the EU average. But making dwarves out of all is Turkey at an astonishing 70%.
Getting a wider scope at the whole continent may show that the EU market might be stabilising the continental economy. An important lesson to certain *ehem ehem* people who thought it best to leave. That's just my view on it though, as a Norwegian who isn't even in the EU and has been against an EU membership for 99% of my life and only recently realising that solidarity and co-operation is worth more than nationalistic benefits, so I might read too much into it.
It was funny seeing the English rant about "stronger together" when Scotland wanted to leave, meanwhile the English were the most pro-Brexit. Stronger together indeed. You would expect Britain to do better than average being a Western European nation, but now it's got an inflation worse than Slovakia and Romania.
Inflation is calculated using different basket. Making the resulting values not directly comparable. Eurostat imposes some uniformity so value can be used to take action in the EU. Thats why it's very easy to find full table for EU countries.
For data that has more uniform methodology like GDP it's easy to find comparison data from OECD of world bank. Inflation isn't easily available.
Russia *claims* to be at 15.1%
@@eliahabib5111 Eurostat does produce a standard of measurement that statistical offices in countries like Switzerland and Norway strives to follow, though. As to Russia and Turkey, probably not as much, so I'll agree with your point. You're right.
It's still an interesting comparison with the UK though, the UK is a gas producing country which also has a gas line connection to Norway, as well as a reliant domestic electricity production besides gas(which sits at 35%), such as bio-energy, nuclear and wind. There's not obvious reason why the UK should perform worse than Romania, and no obvious reason why the UK Office for National Statistics numbers should differ from EU standard.
The UK isn’t at 13.6%. You’re either lying or you don’t know what you’re talking about so we can’t take the rest of your points seriously
Hello 👋
Happy to hear good news about France in the anglo-saxons world! Vive la France 🇫🇷 !
Anglo-Saxon? Controversial statement! Viva la Russe 🇷🇺
For the past couple decades, all the talk seemed to have been on how Germany the model country to be replicated across the EU.
Then Russia invaded Ukraine, and in just 6 months it became obvious that military spending had been insufficient, that energy sourcing not only depended heavily on Russian gas, but that there no/little infrastructure to get alternative (dismantled coal and nuclear site, no LNG terminal, etc.)
The goal is not to point fingers (there are a bunch of other countries that are faring worse than Germany, and it's to early to tell which one will weather the best the current political and economic storm). But, it's a good reminder that it take a *really* long-term view to gauge the relevance and efficacy of strategic infrastructure investments.
There were a lot of people pointing out that Germany's decommissioning of its nuclear plants in favor of (Russian gas-backed) solar and wind was going to create problems, for years already. This isn't the first time Putin's carved out a bit of Eastern Europe and threatened to turn off the heat if anyone pushed back on him. 'Pointing fingers' at Merkel and the Greens is entirely appropriate if you actually want to avoid this disaster in the future.
When the GFC hit, Germany did the best. They have less social supports than many other countries, and hence less spending. So everyone looked to them. But things with Russia were better then
Germany preferred rely on russian gas than on french companies to build and operate nuclear plants. This is the sad truth. Germans don't want reinforce french economies and skills.
I live in France, and I can assure you that food inflation is way higher than 6%. Meat, for instance, has gone up by at least 25%. Fruit and veg is similar. The only good thing is electricity. That was ring-fenced at 4.5% I believe.
Inflation rates are not calculated by just adding up price increases of all items. This wouldn't make sense.
Quand on parle d’inflation à 6,8 %, c’est pas simplement sur un produit. C’est au global, sur l’ensemble des produits que consomment les ménages. C’est en quelque sorte la "moyenne générale". Et de ce point de vue-là, le coût de la vie en France a moins augmenté que celui de la moyenne européenne.
@@IM_AYKHARAAD Nope, we have shitty way to calculate average inflation, making the figures way better than they are
@@fredscoffee in this comparison it's the same method for all countries
@@fredscoffee In July, France calculated 6,1 % of inflation. After having regularized this parameters according to EU’s standards, it’s now 6,8 %. So the number that we use now in France and in this video, and it’s still the lowest in Europe alongside Malta. So, yeah it was "technically" underestimated, but not that much. It’s not as if we secretly hid a 15 % inflation rise.
Thank God in the UK we didn't stall offshore wind projects/renewables and then decide to get behind them this year when it's too late to help people. They might not be a complete solution but they certainly would have helped. I'm so proud of our competent politicians.
Did our politicians. Do it for us. Or themselves?
We produce Gas and aren't using it to bring down cost. We're lettinh it get sold at record highs. UK government is very corrupt.
So UK has no inflation problem ,according to you ?
Nuclear power is the answer. Wind and solar are pure trash technologies.
@@davekohler5957 Well dip me in oil and roll me in troll feathers.
In the Netherlands electricity went from 0.22 euro per kwh to 1.02 euro per kwh in a year, and is about to rise when winter comes
Speaking of Liquified Natural Gas, the United States actually sent nearly 75% of all its liquified natural gas to Europe in the first four months of 2022, up from one-third last year. Countries that have the infrastructure to still benefit from these LNG imports are the UK, France, Belgium, Poland, Lithuania, Malta, Spain, Portugal, Italy, Greece, & Turkey. Tragically, Germany and other European nations that chose to integrate energy economies with Russia are now being threatened using that leverage. Fortunately, the tedious work can be started now to build new infrastructure and redirect their energy sectors away from Russian gas.
Germany has the ability to rapidly construct and open new LNG terminals, before the years end, which they are taking full advantage of right now. The Russians will soon lose their leverage over its European customers, seeing as how Germany among others has the infrastructure to export gas to other Russia dependent neighbors like Austria among others. Yet Russia cannot really export much gas to countries without pipeline connections, and the only major ones go to Europe. This means that Europe, in the mid to long term at least, has far more leverage over Russia than the other way around,
@@unconventionalideas5683 How could Germany possibly pivot infrastructure and systems that fast? Like logistically?
In other words US is benefitting from the war in Ukraine.
Don't know about other countries, but Finland has a LNG terminal in Tornio (supplies the northern parts of the nordic countries), and a floating terminal in inkoo (capacity to cover both Finnish and Estonian needs) is supposed to be ready later this year
@@JP-lz6gc Ireland doesn't have an LNG terminal. There is talk of one now. But franking is banned in ireland. We Irish are against dirty fracked LNG. However a LNG terminal may be built in the future. Our government fumbled the bag on energy. No nuclear, no large offshore wind eventhough we have perfect condition for it.
The inflation rate can be high as long as the GDP is still growing. So for UK that has a decreasing GDP plus a high inflation (10,1% in Juli) it’s more of a bad news.
Living in denmark im lucky af. Just got out of school and into workforce. And living with central heating that is made from solar/heatpump and woodchips in the winter. So heating my house only has a small increase.
And living of govement benefit in school. You get to know how to eat cheap. So im digging up the good habits, cutting down, saving up. 😁💪 Did turned down how much i pay my debt repayment just a little. But still paying more than twice than i should. So im still good! Even though it hurts a little
Well done, and keep up with the good work
@@sirc1446 welp. Few hours later. just got fired from work due to low order count. But have other jobs possibility. So that is awesome. But still. Did dream about quiting my job for a better. Not a quick job shift.
@@AntimatePcCustom Yikes. Plus shortage of wood pellets.
Could you do a video on the French withdrawal from Mali? It's a very interesting and quite important subject.
As a french the opinion of other european on this subject interesse me
well, we left because coup d'etat happened. The new government doesn't want our help but more russian's one (corruption, fake proof by wagner like we saw few months ago). To be honnest, I don't care.
The French should withdraw from all of Africa and leave them alone
As well as the overall relationship between France and its former Africa colonies
@@wrestlinganime4life288 simple, they have a weak pro France government, coup happen, kick france, get attacked by neighbor, call France back, France coming inspiré à revolution, wich put a weak government in place.
Repeat
A full quarter of this video was promos. That must be a record for the channel. Well done guys!
What next? Even the ads will have ads...
And the other part was quite wrongly informed…France is buying a lot of energy from outside because their nuclear powerplants have massive problems…France literally is the reason why prices keep rising even tough nothing changed for months now
Hi, I am a Maltese citizen and we are also at 6.8% inflation rate... we are small yet mighty please notice us
In my country, Switzerland, inflation in August was only 3.5%. Except when filling up at the gas station, it is hardly noticeable. For me personally, inflation was even negative, as I was able to negotiate last Spring a substantial discount on my rent .
Great for you! At least someone is doing something right.
There is no winning with inflation, there is only losing less badly, and that too is temporary.
One of the few comments that makes sense
@@stanislash.4732 thanks, it is starting to get frustrating how many channels here are made by people who are just talking out their ass.
I had considering making my own, but considering the state of youtube now it is diffidently not worth the effort.
My hypothetical canal would be banned faster then we can say "thoughtcrime"
If France handles its domestic socio-cultural problem I think it could become the symbol of European values.
But yea, domestic issues put a damper on that.
do you mean our shitty algeria and sub sahara immigration ?
I don't know what you mean exactly by socio-cultural problems but I will try to give my two cents on this. As a french speaker from Belgium I think that I have a good understanding of the french politics while having a view from the outside. In term of values france differs from anglo-saxon countries because their definition of liberalism is not the same. France follows the path of classical liberalism while anglo-saxon countries tend to consider freedom as an intrinsic value that is self-sufficient when promoted. But I think that the major difference is that, based on history, in anglo-saxon countries people tend to think on the basis of communities (ethnic, religious) while in France it is based on the individual. I personnaly think that the anglo-saxon way is more naïve because it has a lot of blind spot and you can't follow your own path in life as an individual free from the weight of traditions if at some point we don't give someone the means to think outside their community. This is why in the public schools in France you leave your religion outside.
The french society may appear more conflictual but the rate of inter-ethnic and inter-religious couple is higher than in the USA or the UK.
@@carthkaras6449 but Muslim's cause tension there too
@@carthkaras6449 I agree and its the way to go no religion in schools neutrality is the way to go!
@@karankapoor2701 Dont worry when they will have enough its gonna hurt bad for those idiots 😅
Thank you for talking about Baltics. Don't see that often. Very interesting region. (:
France has been keeping their eye on the ball for decades, that's why
they have been robbing africa for decades, that's why
@@Blade106 20% not 25%
Most US Economists don't seem to want to look at these nuanced factors and instead say the simpleton catch all of Inflation was caused by "Printing Money"
@Elliot Tucker
Do you even know most US economists?
@16vjtdalfa I think the future of economics is really figuring out the productive capacity of the economy to fine tune how much of a cash injection a economy or sector of an economy could take before you run into inflation.
_Most_ economists? Is that true or just a guess from a handful of American Economists?
@16vjtdalfa But is it inflation when they printed money during lockdown? Millions of Americans got _free_ money for doing nothing. There was no efficiency there.
printing/creating money will obviously lead to price increases, could be house prices, gold, household products, the money has to go somewhere.
I wish French citizens would realise this. I have tried to debate it with locals and how well their country is doing comparatively to the rest of Europe and UK, and it all breaks down to emotions - people simply don't like Macron who I think is not a bad leader.
Unfortunately Emptions run EVERY political dicussion nowadays ... as a species ....We packed out brains away 8 years ago.
French people don't like any leader. It is in their DNA. Along with the natural instinct to protest everything.
I mean, it's France, why are you so surprised? Just look at their history.
If everyone is covered by shit from head to feet your not happy I understand but the people who have only their legs covered by shit are not happy either even if it's better than being covered entirely.
Macron is not responsible for the energy policy of France, that's inheritance from the past, he even closed a recently totally refurbished nuclear power plant in Fessenheim (eastern France) just because of an agreement he made with socialists and ecogolists.
But he recently made a U-turn fortunately, saying he wanted to create additional nuclear plants, because most political parties from the center to the left want less nuclear (at least before the war in Ukraine), they couldn't understand that nuclear was the best compromise for massive production.
Amazing new channel! Best of luck, I subscribed.
Such a great group of channels. I am more than happy to like videos like these as I genuinely want more people to see the fact-based and impartial news you produce. Keep up the great work, I am a fan!
Long story short; France has something called “Nuclear energy” which doesn’t make them beholden too Putin unlike literally the entirety of Europe..
ah yes, the 90% shut down reactors
@@thetaomega7816 i bet you are german xD your gov keep propaganting you with this 90% bullshit xD don't worry germ bro we will sell you our surprlus this winter, at a very high price ofc xD btw very good decision to sack you 3 last reactors, it's more sells for us xD
@@thetaomega7816 yet nuclear still accounts for 69% of power generation.. Just take that L & go home lol
Full nuclear production (all powerplants running) is only 17% of France energy needs.
@@astree214 irl where you’re getting you’re data
To this day, I still wonder if Macron was possibly pointing at a freezing and hellish winter for Europe when he said, “do not humiliate Russia.”
Macron foresaw that Russia is almost certainly cutting off or lowering gas pressure by early this winter (much earlier than Germany’s second stress test). Then Europe is not only facing a cold winter, but a detrimental hit to the economy.
Winter is coming and the white walkers seems to be in the east .
@@olivierdk2 gog and magog.
@@olivierdk2 I heard fire works well against them
E. Macron was pointing at the undeniable fact that Russia won’t vanish overnight, it will still be there in 100 years and if the West doesn’t handle this properly, Russia will seek their revenge. It will take 10 years, 20 or 30, but they will come back with way more death and destruction. The French are well aware of that: they pushed very hard on Germany with WWI Treaty of Versailles and basically propelled the Nazis to power by fuelling the backstabbing narrative and such. Unfortunately the French seem like the only one to have learnt their lesson.
@@tixien long history mean a lot of occasions to make errors, which mean a lot occasion to learn... if we don't ignore those memories, we don't repeat the errors...
in this, France has learned from both WW1 (do not humiliate the "enemy", treaty of Versaille) and WW2 (do not let the "enemy" think you wont oppose him when he's aggressive, Munich conference)
those who forget history are doomed to repeat it...
the EU wanted to deal with Russia as France and Germany dealt with each other after ww2: peace, commerce and prosperity. Obviously, the current Russian lead didn't want only that. They still have their imperialist views (the same they reproached, in CCCP times, to the colonial empire, btw). So, obviously, it failed. The EU and many others are reinforcing Ukraine to drain Russia and get them to understand that their way isn't one that will goes well. Right now, they're only providing material and financial help... and see the bog Russia walked in. It's a teaching experience, one that also is buying time for "the West" to adapt back to a high intensity threat...
"Western" soldiers are bloodied and tempered, meanwhile, some "eastern" soldiers are simply just out of the training barracks... USA freed lots of its means by going out of Afghanistan, at the same time leaving an explosive hive in the back garden of "eastern" powers...
let's not forget also that the sanctions are only beginning to show their effect. Next winter may be cold in the "West", but there still will be "gifts" under the the Christmas tree and we can still replace our broken tech... not so much in the "East". And things are moving to remedy to some of our logistic self inflicted problems. Critical industries are incited to come back home, diversification of providers... some of it may have costs, but the word of the day long term planning over short term benefits...
One subtle detail is the very good VAT threshold France offers compared to the rest of Europe. It's around 87k euros compared to most EU countries that vary from Nil like Spain to 15k like Portugal. The UK and Switzerland also have a very high VAT threshold making it easy for very small businesses to compete. It encourages the creation of small business.
good point.
France is doing so well! Only 6.8% inflation.
How amazing…
Meanwhile in the UK ......
@@MrBizteck lol
Consumer prices for food and other daily commodities also depend on the level of VAT, competition among retailers, and self sufficiency. If you live in a country where people grow some of their own friut and veggies, and farms run a direct outlet, retailers will not be able to rise prices of said good. A country that charges 20% VAT will see more inflation than a country that only charges 5%. Areas with a well organized public transport system and a good bike infrastructure will care less about 2,50€/l gazoline prices, than a rural area where you have to drive 10 km just to get to the next groceries, and 50 km just to get to your workplace.
Latvia has everything about the same expensive as in UK while having less than third of the salaries, that's why percentage is so high, so these statistics seems like they are, while in reality, business rise prices for reason or without it.
Yeah I agree, just left Poland 3 months ago, and I see prices in nederlands are lower or the same as in Poland, motherfuckers earn like 4x more.
capitalism is doing great in Lithuania also
As someone who grew up in Greece and moved to the UK 2 years ago (and currently on vacation in Greece), I can tell you it's exactly the same case here. Going to a supermarket is actually cheaper in the UK in absolute terms, so taking into consideration difference in wages between the two countries makes things much more dramatic..
@@nebakos7521 Meanwhile, some guy in Nigeria...
@@laurynas3628 communism did even better in the Baltics
Great idea for a new channel! I'm subscribing immediately
Simple: France’s economic system is highly regulated so during economic grow circles it grows slow but during economic crisis it perform better.
Unfortunately we cannot have both.
Because my husband and I spent all our money in Paris vaccation this spring. It was fabulous.
Vive la France ✨ 🥳🇨🇵 !
France may have a low inflation on paper but living in France is very expensive, you barely get by with a little over 2000 euros a month salary. So i don`t know who created those statistics, but they don`t match with real life. And especially now that all the prices are going up.
For a developed country, France is among the least expensive countries to live in.
Brazil is much more expensive
Thank you for yet another very informative video.
I would like to point out that Pre-Covid price comparisons are not very accurate.
Price history comparisons for Oil and Gas like products are much more accurate and tell a far better story over a ~25 year price comparison.
What would be even better is to compare the Benzine and Diesel prices over the same period. Then you'll see that fuel prices have never been this high while Oil prices have been above $100 before..
6.8% Inflation is pretty bad. Don‘t underestimate the devastating consequences of inflation. We are just getting started here.
Meanwhile in all other European countries..
@@muharremdemiraydn7766 yes… turkey‘s inflation is tough… expected inflation for the Euro in Germany is 3.9% over the next 4 years according to the bondmarkets… that does not include unexpected inflation… so I might just overestimated what is building up here…
why Switzerland doesn't have any inflation whatsoever? and will it's economy have any repercussion from the EU crisis ahead ?
They don't rely on Russian gas. Their main export is banking so they're going to do well out of this
Love the video but theres quite abit of static noise. Hope you guys can fix that!
there is no problem with inflation in Lithuania, yes inflation is 20%, but average wage growth since 2020 was 30%, i expect similar situation is in Estonia and Latvia
How did wages increased so much ?
@@Snp2024 government and companies not being greedy pieces of sh*t, because contrary to what companies might claim, no. Increasing wages won't also increase inflation.
@@AnymMusic An honest, regulatory government. I wish such things were more common.
@@AnymMusic It does increase lol
@@endkatana3530 no. If increase in wages and inflation were magically linked, we'd have less inflation than we do now. Business conglomerates and corporations have just noticed that they can increase the price of their product, whilst keeping the wages the same, and nobody will be there to stop them. Increasing their own profit. It's greed, not wage increases, that truly drive inflation today
Reporting live from Estonia: prices are getting INSANE percentage wise. Combines with energy crisis as we currently have prices for electricity higher than in Finland.
Everyday i see that we need more tldr channels. Tldr africa, tldr canzuk, tldr asia, insted of tldr global and tldr uk
The energy contribution to the French-german gap is not that easy. Gas consumption for the end-user in Germany is mostly a problem during winter-time because of heating. In summer gas is consumed for electricity and the industry. But the gas for electricity this summer is not used for german consumers but to step in for French consumers who lack energy. Why that? Because half of French nuclear power plants are out of use. So the german gas consumption is part both of german and French inflation.
3:35 odd cause most Irish people renting would spend at least 2/3rds of their income on rent
Quelle surprise! It took you just over 10 minutes to say, "France gets 75% of its energy from nuclear energy"
Worth pointing out that on that annual inflation chart at the start of the video, only one country with a right-wing leader has inflation lower than the EU average, and only one country with a left-wing leader has inflation higher than the EU average.
well you dont have many country with right wing leader in EU. Try again
good job that the worst cherry picking in statistics I've ever seen
@@ltgdr6298 far-right counts as right wing ? ☠️
@@Lostouille yeah, the right overall is a minority in the EU politics but is getting bigger despite being hammered constently in the medias
France nuclear power plants are not suffering outages, unfortunately for France many were due for maintenance work this year at the same type energy cost have been going up due to the war and Covid . Some issues have to do with severe drought and heat which blocks some power plants from getting non contaminated water out in the rivers
I don't know if France is winning, but the UK is definitely losing.
If UK is losing, then France is definitely winning.
Slight addition should be made for the example on 2:33-3:44, whereby the income also remains unchanged, not only the costs of all other goods.
Can someone explain why Sweden and Finland are doing well in the inflation rate? I mean Sweden is a relative large economy but Finland ain’t that super big and with the recent severed connections with Russia, shouldn’t they be on a recession?
The western economies chose this
Smaller countries?
Finland is another country that uses a lot of Nuclear power.
@@retrominded3470 Are you sure you aren't mixing up with Norway?
They have a LOT of hydro power.
We barely use any gas in Sweden, I'm pretty sure that's the case in Finland as well. Hydro and nuclear but also biofuel plays a big part. Especially when it comes to industrial energy consumption.
as a french, energy is going so up we cound'nt think it was possible the Megawatt price would go 35% more expensive because of business competition and politic actions suchgoing for "renuevable and eco friendly" energies. also up to 50 % of our nuclear plants are currentle closed for maintenance until dawn of next year ..
Good job France
Canada is a net exporter of both food and energy, and we have high inflation too. There doesn’t seem to be any silver bullet to avoid it. And much of Canada’s electricity rates haven’t changed at all, I pay about the same electricity rate as I did a decade ago (the equivalent of 9.6 cents USD per kW) so our inflation is mostly driven by other things.
Inflation started before Putin's war and energy crisis. Then the world recovered from Covid, all countries rushed for primary resources and goods on shaken trade roads, so the prices increased by scarcity of offer. Putin's war did not help, nor a large share of speculation when everyone rises his price to increase profit, pay suppliers and mitigate inflation risk - by creating more inflation.
I know there are myriad factors, but our size and climate also factor. We may be net exporters of energy, but pipelines being limited, different parts of Canada get oil from different parts of the world. We may be a next exporter of food in net tonnage, but our northerly latitude and continental climate reduce ag output and have us reliant on imports for most fruits and veg at least half the year. As Canada is tightly integrated with the American way of doing things, we have deficient rail service (both freight, commercial) and over-reliance on trucks for the delivery of goods thus baking in extra costs passed down to consumer goods. I suspect there's a strong correlation between avg km driven and national inflation rates...Our cities are inefficient; they tend to be low-density and car-centric; a source of individual and collective impoverishment (the economics of car ownership burden cities with lower-income per sq meter, while costing more in infrastructure deployment and maintenance and hog precious tax income; and they burden individuals with an expensive to maintain depreciating asset). Being forced to own 2+ cars to be functional in your city, to get to work or do groceries, is a huge cash drain on families and gives them reduced flexibility in times of inflation.
@@electrosyzygy Oh for sure, all your comments are absolutely correct. But even if we're exporting one thing and importing another, it does help balance out or economy (as opposed to an economy that has to import way more of these things than they export), and give us negotiating clout as well when it comes to international treaties, etc.
And in the Netherlands who is not that reliant on Russian gas and has the largest European gas field, we have by far the highest prices...
But that is because Prices cross borders. The Netherlands and the UK have a lot of Ports that can accept Gas Tankers from around the world but due to the connections to other European markets the price is relatively uniform across Europe.
It could be worse.
Look at us (Spain), we don't depend at all on Russian gas or Ukrainian wheat, yet we have the highest inflation rate in all of Western Europe...
We basically follow Germany's anti-nuclear policy and are even more radical about coal power plants, as Germany reopened a few of those in 2019-2020 and meanwhile we decided to blow up a few of those. To top of that, we decided to jeopardize our relationship with our traditional gas supplier, Algeria, on our own, which means Algeria cut off relations and most of the gas supply, so now we're importing most gas and oil from the USA at way higher prices because of sheer logistics alone.
Oh, and you guys still have a low unemployment rate and rather decent wages, we have the highest unemployment along with Greece in the EU, which means wages don't increase and have been very much the same since about 2006 (and that's in most sectors, in some others wages were actually higher in 2006 than they are in 2022)
Its not all that easy I think. Yes Gas is expensive but currently our Gas Power Plants are more needed since they also provide electricity to france.
I think the main difference is that france has limited the price for energy. Meaning the state has to pay the difference one way or another, later on.
yup, france has no inflation because they just increase their government debt instead of letting consumers pay it..
Imagine if they’d left the EU like us, they’d be even more powerful cause its totally not like leaving it was a stupid idea and the EU was used as a scapegoat for a clearly inept Government.
I mean clearly France actually cant do or decide anything themselves right? Cause something something bureacracy…..
Oh god, maybe leaving the largest trading bloc where we had huge influence and control was actually really stupid as we were just holding ourselves back all along…
In the UK you were the exception, you were part of the UE and at the same time kept control of your own currency.
It was like having the butter and the money of the butter.
Definitely a crazy move to turn off such privileges due to demagogues.
@@LordNementon absolutely agree bud. Idiotic move for us to leave, personally very frustrating to me as the free movement was something I was actively using but now need visas
@@LordNementon are you french or is this expression also used in English ?
@@sacha1523 I'm French and my English is ~so~so, probably not the correct translation
Your series on the business titans sounds really interesting. These titans are basically kings… just without a physical country to rule over.
They must have hundreds of employees just dealing with all their customer countries.
Talks about Germany being so reliant on Russian gas and lists Germany as having high inflation then shows the list and Germany is lower than the EU average 😂
The graphics shows overall inflation (includes everything, food, etc...) not only inflation for energy prices...
EDF hasn't been fully re-nationaziled yet.
Macron's government expressed the intention to do it, but for the time being it hasn't been seen in trades. ( I have about 60 EDF shares, and I haven't been asked to sell them, and a price has not even been defined )
So the 10 Billion Euros have not been spent ( yet ) and may never be spent as re-nationalizing EDF would go against the EU law.
I thought it was against EU laws for national governments to buy out private companies that were in financial trouble
@@martinrye712 Depends. The EU itself did it during the 2008 crisis when banks were on the verge of collapse. Generally speaking, it's not seen as an acceptable move, but in time of crisis, no one cares. Especially since the main reason why EDF is in bad shape is because of the EU regulation (basically, because of its monopoly over electricty in France, EDF can't sell electricty higher than a fixed price, including to european partners).
France already had higher consumer prices than comparable European countries before the inflation spiral began. So there was not much room for further inflation (in other words French consumers were already being ripped off for years).
Not too sure - while things in France were historically slightly more expensive than neighbouring countries like Spain or Italy, most goods were less expensive than say Belgium, Switzerland, Nordic countries etc.
what a stupid comment...
The UK has it's own oil fields in the North Sea. I really don't know what the UK government is waiting for. It feels like they are asleep.
*Cimate Change and Greta Thunberg*
India and France should build partnership more.
Simple explanation as a French.
We have a cheaper energy with Nuclear Energy while German and European Ideology force to reduce our production on this technology.
The second thing is EDF (Electricity of France) is holding by the french state (100% for production) and Engie (25%) one the biggest company in the world (Gaz of France). Better than private companies!
The agriculture is the most efficient in European Union and we are almost independent on this for the food with our overseas territory all over the world which gave for France the second maritim biggest exclusive zone.
France was much better before European Union...
Friendly reminder:
Play the video at 1.5x would make the video sound normal.
Play it at 2.0x would save you 5 mins.
@@bobjohnson7020
ikr this guys speaks in slow-mo
@@gwyn. Looking at the video of this guy it seems they slow down video on purpose as motion is laggy and slow as well...
@@ernststag771
Yep, they tried to extend it to reach longer watch time for monetization threshold I guess.
check the grounding on the mic. There is some noise coming from his mic.
Why is Germany your example for higher inflation, if it is signifcantly below both Euro & EU average? All anyone seems to be on about, is Germany's dependency on gas, Russian gas, Russia, their supposedly screwed up energy policies, etc., but as we see, they aren't in the high areas in any those things compared to many other European countries.
Because Germany is always the scapegoat that does everything wrong. Germany does not support Ukraine, but sends the 4th most money and weapons (after USA,UK,Poland).... Recently I read a post on the American Business Insider channel, there was pulled over the German economy because of it come dark times on Germany, yes may be but the U.S. is in a recession (Q1 2022 -1.6% GDP; Q2 2022 -0.6% GDP Grwoth) and Germany? (Q1 2022 +0.2% ; Q2 2022 +0.1% GDP Growth) Do you have to understand that? Simply USA Logic....
It's because Germany has the most robust anti-inflation weapons arsenal (aka large economy). Therefore even if Germany is low on the inflation ranking, it is considerably higher than it should be. Hence why it is a good example.
@@deepshadowuk Germany‘s economy per capita is not higher than that of Denmark, Austria, or the Netherlands, which has 11.6 compared to 8.5% inflation. And out of those, only the Netherlands uses gas for a majority of its electricity. Denmark’s wind and Austrian‘s Alpine waterpower are the biggest power source there and should have shielded their citizens from more of the inflation.
@@autarchprinceps Fair enough. However Germany has one of the largest population in Europe, which gives them more influence / power and therefor better tools to combat inflation. So I still feel like my point is valid. Although I’m open to hear why demographics are irrelevant.
@@deepshadowuk Well, it depends on the type of inflation control you mean. Germany has little more influence on the EZB directly, and measurements like direct financial support for poor households scale with population, so for them per capita wealth is more important than total size. Size becomes more important if you are „throwing your weight around“, speaking in terms of trade, but since most of that is primarily EU wide or at least Schengen wide, it would mostly be stuff like the recent deal with Canada or the likes, but hardly stay contained to German inflation.
Crazy what access to non fossil fuel energy sources that aren’t reliant on other countries can do to mitigate inflation caused by the harmful acts of other countries
France made a great choice picking Macron for a second term! 🇫🇷💙🇺🇸❤️
No
Mélenchon 👍 Macron and Lepen 👎
@@elpass8388 true, if things don’t go right, go left. But Macron is better than any fascist like LePen
@@elpass8388melenchon 😂😂😂😂😂😂😂
Macron has a lot of flaws, but it could have been so much worse...
Hmm. This video seems a bit speculative. The reason why Denmark is not aiding household is exactly to avoid inflation, so I was kind of surprised when you argued the exact opposite.
I have to say, I totally understand why the United Kingdom isn’t included in these analyses, but it feels odd that we are not. As the Uk is clearly visible on every European map and is experiencing all of the aforementioned issues facing EU countries. This is a trend occurring across many informative channels covering European politics and issues, I feel less informed as I no longer receive any of this non biased content. Anyone else feel similarly?
TLDR: UK is a third country now....
We here in Norway also get excluded all the time.
Nobody wants to see our beautiful stats(6.5% inflation btw).
The graphs and data come from EU reports. Hence, non-Eu countries are not included.
Welcome to the club.
Best regards, a Norwegian.
@@WinterGK Stem JA til EU, så vi blir inkludert i statistikk fra EuroStat.
Må vel være det beste argumentet. Lol.
Not sure if it is just me but there is a stutter in the video.. Very subtle but not subtle enough to not be annoying. If it is indeed the case then it might be worth looking at your "field order" settings when exporting
To be fair as a Frenchman, it’s really not that great. People overestimate how competent Macron’s government is, really
you guys barely have a government though.
He did well on this thing
The problem with the French is they never look around and see how others are doing. But always complain on internal affairs even when they're doing better than their neighbors. For French people, France is the worst place in the world.
nan mais t'es typiquement pessimiste n'importe quoi
no one is better at dissing the French than the French themselves...
There’s a weird background buzz going on in the video. Just thought you should know. Good vid guys.
Demographics. Decades of family friendly policies. I'm a Republican but the US needs to immediately implement similar policies. This is not the 1960s - with both parents now expected to work this is incumbent on the government to assist
Neither party here has cared about working families for the past few decades and they likely won’t again for the foreseeable future. They don’t care. I’m also a conservative but economically I’m center-center left because neoliberal economics have not been working.
Democrat politicians want to appeal to woke, college educated whites while republican politicians want to keep worshiping laissez-faire capitalism without realizing they could immensely grow their voter base if they decided to be more pro-labor.
@@SlapStyleAnims You said a lot without saying much. France absolutely has had the best pro-family policies in Europe post WW2 and this can be seen in the demographics. Compare Germany and France and their population grouped by age group. I don't care about party policies and frankly I am just an independent voter. The US needs the following family policies:
1. Paid maternity and paternity leave
2. Free public daycare options
3. Free college and trade school options (focus on STEM and trades such as electricians)
4. Large tax deductions for families
This is a lot of spending but I believe this spending is completely justifiable. This is something that only the government has the ability to fill. This would lead to a US that would be the following:
1. Much larger population
2. Higher percentage of the population highly educated
3. Ability to increase consumer spending as 1. People who would not have kids do and 2. People with kids can spend more on consumer goods rather than need to save tens of thousands for a higher education
These policies would dramatically increase government revenues and the US position as the leader in jobs for advanced, high value add goods. The US exports the labor for low value add goods; we need to be building and servicing all high value add products/goods/services for the world. We are uniquely positioned to take advantage of this.
In 2016 my major policy concern was China. That has been addressed very well by both democrats and republicans; there is more to do but we are on the right track. Ensuring domestic growth in both population and percentage of the population engaging in high value add jobs is the next step. Everyone you know should be an engineer, plumber, banker, lawyer, data analyst, etc. All of these jobs require high levels of specialization and jobs with high values of specialization ensure higher tax revenues, etc.
socialism doesn't work for the USA
As someone who lives in Estonia most people spend most of their money on rent and food as the average wage statistic is very skewed as the government workers make roughly 6 times more than average worker and as such the national average sits at a nice 1200 euros give or take a bit. In actuality most people make around 600-800 before taxes. Considering average rent was between 300-450 before inflation and now has sky rocketed means that people have pretty much no free capital as seen by the fact that shops of all kinds are completely devoid of people. I've travel Europe before the inflation got bad and it was still far more expensive in Estonia, and recently when traveling through Europe have seen these divides getting bigger, Estonian businesses have always artificial pumped prices up. The Estonian prime minister hold large amount of equity in the energy sector and thus is pumping up the price and has even told people if they can't afford electricity to store food outside in the winter.
The answer is simple: Nuclear energy.
Edit: okay the answer is a bit more complicated than that ;)
Just book ticket to southeast asia this winter, it's cheaper than paying the energy bills.
You did not mention that France is buying huge amounts of energy from Germany due to the problems with French nuclear power. This drives prices in Germany up while consumer prices in France are capped
This is only true this year. Normally they are big energy exporters
@@netiturtle Yep, but its also this year that inflation is so high…
@@netiturtle yes but not necessarily to Germany. Germany is net exporter as well
france always import energy but in total france always export more, its just that we try to exploit at best our ressources so if germany has an excess of renewable enrgy, france might buy it and so on.
Also, in May 2022 26-30 of the nuclear plants are off line, this is higher than normal and is caused by corrosion inspections in 12 of their plants. If the inspections discover major issues then it will be an issue in winter. The remaining plants are off line due to standard maintenance and high water temperatures in the rivers used to cool the plants.
Switzerland has even lower inflation 3.5%