November 03, 2025Nov 03, 2025
KCNA Pyongyang Times

Europe’s dependence on others: what does it show?

Date: 24/01/2023 | Source: Pyongyang Times | Read original version at source

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

Russia decries US’ and West’s outer space militarization moves

Russia decries US’ and West’s outer space militarization moves

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

New houses built in Musan County of North Hamgyong Province

New houses built in Musan County of North Hamgyong Province

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

Hungary rejects Ukraine’s entry into EU

Hungary rejects Ukraine’s entry into EU

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 houses built in Songhwa County of South Hwanghae Province

New houses built in Songhwa County of South Hwanghae Province

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

Blind woman regains her sight

Blind woman regains her sight

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

International reaction to US high-handedness and arbitrariness

International reaction to US high-handedness and arbitrariness

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

Venezuela decries US’ scheme to plunder its natural resources

Venezuela decries US’ scheme to plunder its natural resources

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 continue to win gold medals at Asian Youth Games

DPRK players continue to win gold medals at Asian Youth Games

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

Patriotic citizen

Patriotic citizen

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

New houses built in Kim Jong Suk County of Ryanggang Province

New houses built in Kim Jong Suk County of Ryanggang Province

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

Russian economic delegation arrives in Pyongyang

Russian economic delegation arrives in Pyongyang

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

International efforts to solve water problem

International efforts to solve water problem

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

Choe Jin Myong wins gold medal at Asian Youth Games

Choe Jin Myong wins gold medal at Asian Youth Games

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

More Articles