March 11, 2026Mar 11, 2026
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

Efforts to conserve biodiversity

Efforts to conserve biodiversity

The Kazakh government recently announced a plan for the conservation and sustainable use of biodiversity. The plan reflects the

March 10, 2026

The Kazakh government recently announced a plan for the conservation and sustainable use of biodiversity. The plan reflects the

AFC Women’s Football Day marked in DPRK

AFC Women’s Football Day marked in DPRK

An event took place at the Rungna People’s Sports Park in Pyongyang on March 8 to mark the AFC Women’s Football Day.Present there

March 10, 2026

An event took place at the Rungna People’s Sports Park in Pyongyang on March 8 to mark the AFC Women’s Football Day.Present there

National meeting commemorates 116th March 8 Int'l Women's Day

National meeting commemorates 116th March 8 Int'l Women's Day

A national meeting took place at the People's Palace of Culture in Pyongyang on March 18, the 116th International Women's Day.

March 10, 2026

A national meeting took place at the People's Palace of Culture in Pyongyang on March 18, the 116th International Women's Day.

Mass rallies held in cities and counties

Mass rallies held in cities and counties

Mass rallies took place in cities and counties of the DPRK on March 6 and 7 to vow to implement the decisions of the Ninth

March 09, 2026

Mass rallies took place in cities and counties of the DPRK on March 6 and 7 to vow to implement the decisions of the Ninth

Women of virtue

Women of virtue

Women's inexhaustible beauty can be said to be devotion. When their devotion is expressed to the country beyond the bounds of

March 08, 2026

Women's inexhaustible beauty can be said to be devotion. When their devotion is expressed to the country beyond the bounds of

Russia, Belarus advocate building of multipolar world

Russia, Belarus advocate building of multipolar world

There recently took place a meeting of the supreme state council of the Russia-Belarus allied state in Moscow. It was attended by

March 07, 2026

There recently took place a meeting of the supreme state council of the Russia-Belarus allied state in Moscow. It was attended by

Friendly fire incident in Texas

Friendly fire incident in Texas

Recently, a tragicomic accident happened in the sky above Texas, the US, where a drone of the US Customs and Border Protection was

March 07, 2026

Recently, a tragicomic accident happened in the sky above Texas, the US, where a drone of the US Customs and Border Protection was

Socialist traits

Socialist traits

In the DPRK, it is a social climate to help and lead one another forward between people. Many Korean people respect revolutionary

March 07, 2026

In the DPRK, it is a social climate to help and lead one another forward between people. Many Korean people respect revolutionary

Military-civilian meetings held in local areas

Military-civilian meetings held in local areas

Military-civilian meetings took place in North Phyongan, South Hwanghae, Kangwon and North Hamgyong provinces and Nampho and

March 07, 2026

Military-civilian meetings took place in North Phyongan, South Hwanghae, Kangwon and North Hamgyong provinces and Nampho and

Respected Comrade Kim Jong Un receives flower basket from abroad

Respected Comrade Kim Jong Un receives flower basket from abroad

The respected Comrade Kim Jong Un received a flower basket from the China Dandong Branch of the Kim Il Sung-Kim Jong Il Foundation

March 07, 2026

The respected Comrade Kim Jong Un received a flower basket from the China Dandong Branch of the Kim Il Sung-Kim Jong Il Foundation

More Articles