Europe is now spending a harsh winter due to the highest inflation in 40 years and the worst energy crisis in history.
This was compounded by price hikes. As a result, Europeans are surviving in difficult circumstances and factories and shops are closed one after another.
One of the ways to get out of the current economic crisis is to diversify external trade. This is common economic knowledge.
However, Europe is wavering in its attitude just reading the face of the “inspector,” the US.
Recently, Germany is under pressure from the US to stop China’s investment in Hamburg Port, one of the three major ports in Europe. The Netherlands has also come under pressure from Washington to limit its semiconductor manufacturing equipment export to China.
The EU and European countries should draw a lesson from the Ukrainian crisis.
The Ukrainian crisis caused by the US-led eastward advance of NATO has disturbed the security of Europe. Taking advantage of this, the US has pushed the EU and European countries into the quagmire of the Ukrainian crisis.
Let me remind you that the US used the Ukrainian situation as a good opportunity to reap a windfall by conducting a large-scale transaction while the whole of Europe is suffering a nightmare of security crisis, economic crisis and energy crisis due to the Ukrainian crisis.
As the Bloomberg news agency recently reported, the US sold its liquefied gas to Europe at four-fold price of its domestic sale despite the fact that Europe has already suffered a tremendous loss of US$ 1 trillion after giving up gas import from Russia.
According to data published by American magazine Foreign Policy, the weapons sales of the US to NATO member nations nearly doubled in 2022 as against 2021, pushing up the profit of the US munitions industry and stock prices of many enterprises to a record high.
There is a saying that “A friend in need is a friend indeed”. I am now wondering which word is proper to describe a friend who lives by racketeering his friend when he is in need now.
Moreover, the US once again revealed that there is no limit on its greed by publishing “Inflation Reduction Act”, an American-first law, taking no account of the difficult circumstances of its allies who are struggling to overcome the current economic crisis.
American newspaper The Wall Street Journal argued that the US should demand that the allies actively join its policy of restraining semiconductor development in China in return for providing them with subsidy for electric cars. The Netherlands also made an unexpected announcement that it would limit the export of semiconductor manufacturing equipment to China.
Now we can easily guess how desperately the US is working behind the curtains.
It is the evil design of the US to contain and weaken the rapid economic growth of China even at the cost of sacrificing the whole of Europe.
The total amount of trade by Germany, the Netherlands and France with China are no less than US$ 235 billion, US$ 100 billion and US$ 80 billion respectively. For them and other European countries, it is tantamount to a suicidal act to exclude China from the global industrial chain and reject the Chinese market as required by the US.
The US is instigating its allies to seek confrontation and use it as a good chance to hit the jackpot and fish in troubled waters. The EU and European countries should see through such evil intention of the US and break from their conventional habit of depending on the US at the earliest date possible.
Independent foreign policy will be the only choice for Europe.
More From Pyongyang Times
The deputy director of the nonproliferation and arms control department of the Russian Foreign Ministry censured the US and West f
November 02, 2025
The deputy director of the nonproliferation and arms control department of the Russian Foreign Ministry censured the US and West f
Talks between Yun Jong Ho, minister of External Economic Relations who is chairman of the DPRK side to the DPRK-Russia
November 02, 2025
Talks between Yun Jong Ho, minister of External Economic Relations who is chairman of the DPRK side to the DPRK-Russia
New houses have been built at the Tokso Farm in Musan County, North Hamgyong Province. The modern dwelling houses go well with a
November 02, 2025
New houses have been built at the Tokso Farm in Musan County, North Hamgyong Province. The modern dwelling houses go well with a
The Hungarian minster of Foreign Affairs and Trade rejected Ukraine’s entry into the European Union in his remarks at the parliame
November 01, 2025
The Hungarian minster of Foreign Affairs and Trade rejected Ukraine’s entry into the European Union in his remarks at the parliame
New modern houses have been built again at the Yaksan Farm in Songhwa County of South Hwanghae Province. The new cosy and
November 01, 2025
New modern houses have been built again at the Yaksan Farm in Songhwa County of South Hwanghae Province. The new cosy and
One day in July this year, a blind woman was admitted to the Pyongyang Municipal Ophthalmic Hospital. She was 49-year-old Choe Sun
November 01, 2025
One day in July this year, a blind woman was admitted to the Pyongyang Municipal Ophthalmic Hospital. She was 49-year-old Choe Sun
The Political Bureau of the Central Committee of the Workers' Party of Korea decided to convene the Thirteenth Plenary Meeting of
November 01, 2025
The Political Bureau of the Central Committee of the Workers' Party of Korea decided to convene the Thirteenth Plenary Meeting of
Recently, strong arguments have been advanced that the UN headquarters in New York should be relocated to any other country. Such
October 31, 2025
Recently, strong arguments have been advanced that the UN headquarters in New York should be relocated to any other country. Such
The Venezuelan Vice-President condemned the US’ manoeuvre to plunder the natural resources of his country in a speech at an intern
October 31, 2025
The Venezuelan Vice-President condemned the US’ manoeuvre to plunder the natural resources of his country in a speech at an intern
DPRK players Pak Hae Yon and Kim Hyon I bagged gold medals at the women's weightlifting and wrestling events of the Third Asian
October 31, 2025
DPRK players Pak Hae Yon and Kim Hyon I bagged gold medals at the women's weightlifting and wrestling events of the Third Asian
The last 16 match between the DPRK and Moroccan teams for the 2025 FIFA U-17 Women's World Cup took place on October 28 (local
October 31, 2025
The last 16 match between the DPRK and Moroccan teams for the 2025 FIFA U-17 Women's World Cup took place on October 28 (local
It is the fighting spirit peculiar to the Korean people to value the state affairs more than family affairs and devote their all
October 31, 2025
It is the fighting spirit peculiar to the Korean people to value the state affairs more than family affairs and devote their all
Probably, news of moving into new houses has most often been reported by newspapers and TV in recent years in the country. Now
October 31, 2025
Probably, news of moving into new houses has most often been reported by newspapers and TV in recent years in the country. Now
New houses have been built at the Sinsang Farm and the Samso Farm in Kim Jong Suk County of Ryanggang Province. Amid the joy of
October 31, 2025
New houses have been built at the Sinsang Farm and the Samso Farm in Kim Jong Suk County of Ryanggang Province. Amid the joy of
A Russian economic delegation led by Alexandr Kozlov, minister of Natural Resources and Ecology who is chairman of the Russian
October 31, 2025
A Russian economic delegation led by Alexandr Kozlov, minister of Natural Resources and Ecology who is chairman of the Russian
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
October 31, 2025
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
Water is an element most essential to the existence of humanity. As the world population increases and the economy develops, the
October 30, 2025
Water is an element most essential to the existence of humanity. As the world population increases and the economy develops, the
The Chinese permanent representative to the United Nations at a meeting of the UNSC on the Middle East issue on October 23
October 30, 2025
The Chinese permanent representative to the United Nations at a meeting of the UNSC on the Middle East issue on October 23
DPRK weightlifter Choe Jin Myong lifted 124kg in snatch (new record of the games) and won a gold medal in the men's 65kg category
October 30, 2025
DPRK weightlifter Choe Jin Myong lifted 124kg in snatch (new record of the games) and won a gold medal in the men's 65kg category
Agricultural workers of the Junghung Farm in the city of Samjiyon of Ryanggang Province reaped a rich potato harvest on the
October 30, 2025
Agricultural workers of the Junghung Farm in the city of Samjiyon of Ryanggang Province reaped a rich potato harvest on the
More Articles