February 13, 2026Feb 13, 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

Russian FM issues statement on expiration of New START

Russian FM issues statement on expiration of New START

The Russian Foreign Ministry issued a statement on February 4 with regard to the expiration of the New Strategic Arms Reduction

February 12, 2026

The Russian Foreign Ministry issued a statement on February 4 with regard to the expiration of the New Strategic Arms Reduction

Top 10 players of DPRK for 2025 (2)

Top 10 players of DPRK for 2025 (2)

With overwhelming superiority O Kyong Ryong, Merited Athlete and wrestler of the Pyongyang Sports Club, was born into a farmer’s

February 12, 2026

With overwhelming superiority O Kyong Ryong, Merited Athlete and wrestler of the Pyongyang Sports Club, was born into a farmer’s

Iranian FM criticizes inappropriate behaviour of German chancellor

Iranian FM criticizes inappropriate behaviour of German chancellor

The Iranian foreign minister censured the German chancellor for inappropriate behaviour through an SNS on February 5. Germany that

February 12, 2026

The Iranian foreign minister censured the German chancellor for inappropriate behaviour through an SNS on February 5. Germany that

Factory increases school uniform production

Factory increases school uniform production

The Nampho Municipal School Uniform Factory is putting spurs to the production of uniforms for the new school year. The factory

February 12, 2026

The Nampho Municipal School Uniform Factory is putting spurs to the production of uniforms for the new school year. The factory

Great golden age of construction brings great transformation (2)

Great golden age of construction brings great transformation (2)

The Fourth Plenary Meeting of the Eighth Central Committee of the Workers’ Party of Korea held in December 2021 put forward a

February 11, 2026

The Fourth Plenary Meeting of the Eighth Central Committee of the Workers’ Party of Korea held in December 2021 put forward a

Russian president refers to economic issue

Russian president refers to economic issue

Russian President Vladimir Putin referred to the economic issue at a conference held on February 4. The inflation rate decreased

February 10, 2026

Russian President Vladimir Putin referred to the economic issue at a conference held on February 4. The inflation rate decreased

China condemns Japan’s ambition for rearmament

China condemns Japan’s ambition for rearmament

A spokesman for the Ministry of Foreign Affairs of China denounced the Japanese right-wing forces’ ambition for rearmament at a pr

February 10, 2026

A spokesman for the Ministry of Foreign Affairs of China denounced the Japanese right-wing forces’ ambition for rearmament at a pr

KPA founding anniversary marked across DPRK

KPA founding anniversary marked across DPRK

All the people and service personnel of the DPRK significantly celebrated the 78th founding anniversary of the Korean People's

February 10, 2026

All the people and service personnel of the DPRK significantly celebrated the 78th founding anniversary of the Korean People's

Women’s union officials, members hold dance party

Women’s union officials, members hold dance party

A dance party of women's union officials and members was held at the plaza of the Arch of Triumph in Pyongyang on February 8, the

February 10, 2026

A dance party of women's union officials and members was held at the plaza of the Arch of Triumph in Pyongyang on February 8, the

Youth and students celebrate KPA birthday with dance parties

Youth and students celebrate KPA birthday with dance parties

Dance parties of youth and students were held in the DPRK on February 8, the 78th anniversary of the founding of the Korean

February 10, 2026

Dance parties of youth and students were held in the DPRK on February 8, the 78th anniversary of the founding of the Korean

Sinuiju Combined Greenhouse Farm harvests vegetables

Sinuiju Combined Greenhouse Farm harvests vegetables

The newly-built Sinuiju Combined Greenhouse Farm has harvested vegetables for the first time this year. With high pride in living

February 10, 2026

The newly-built Sinuiju Combined Greenhouse Farm has harvested vegetables for the first time this year. With high pride in living

More Articles