July 05, 2025Jul 05, 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

Chinese representative demands permanent ceasefire in Gaza

Chinese representative demands permanent ceasefire in Gaza

The Chinese permanent representative to the United Nations called for a permanent ceasefire in the Gaza Strip in an open meeting

July 04, 2025

The Chinese permanent representative to the United Nations called for a permanent ceasefire in the Gaza Strip in an open meeting

School prioritizes practical utility in informatization

School prioritizes practical utility in informatization

Lots of officials and educators visiting Moranbong Middle School No. 1, which was nominated as one of top ten informatization

July 04, 2025

Lots of officials and educators visiting Moranbong Middle School No. 1, which was nominated as one of top ten informatization

Russian president set forth tasks for shipbuilding sector

Russian president set forth tasks for shipbuilding sector

Russian President Vladimir Putin put forward the tasks facing the shipbuilding sector on June 29. The primary task to be tackled

July 04, 2025

Russian President Vladimir Putin put forward the tasks facing the shipbuilding sector on June 29. The primary task to be tackled

Integrated management information system proves effective

Integrated management information system proves effective

The regional-industry factories in 20 cities and counties and the Sinpho City Offshore Farm newly built last year introduced the

July 04, 2025

The regional-industry factories in 20 cities and counties and the Sinpho City Offshore Farm newly built last year introduced the

Russian Ministry of Culture delegation leaves Pyongyang

Russian Ministry of Culture delegation leaves Pyongyang

The delegation of the Ministry of Culture of the Russian Federation headed by Minister Olga Lyubimova returned home on July 1

July 03, 2025

The delegation of the Ministry of Culture of the Russian Federation headed by Minister Olga Lyubimova returned home on July 1

Paddy rice cultivated in scientific and technological way

Paddy rice cultivated in scientific and technological way

Agricultural workers in all parts of the country, who are eager to greet the Ninth Congress of the Workers’ Party of Korea with

July 03, 2025

Agricultural workers in all parts of the country, who are eager to greet the Ninth Congress of the Workers’ Party of Korea with

Belarus aspires to independent state

Belarus aspires to independent state

July 3 is the national day of the Republic of Belarus. The name Belarus is derived from the fact that its people’s skin is white

July 03, 2025

July 3 is the national day of the Republic of Belarus. The name Belarus is derived from the fact that its people’s skin is white

WPK Central Committee sends flower basket to CPC Central Committee

WPK Central Committee sends flower basket to CPC Central Committee

The Central Committee of the Workers' Party of Korea sent a flower basket to the Central Committee of the Communist Party of China

July 03, 2025

The Central Committee of the Workers' Party of Korea sent a flower basket to the Central Committee of the Communist Party of China

Military university delegation leaves for Russian military academy

Military university delegation leaves for Russian military academy

A delegation of Kim Il Sung Military University left Pyongyang on June 30 to visit the Military Academy of the General Staff of

July 02, 2025

A delegation of Kim Il Sung Military University left Pyongyang on June 30 to visit the Military Academy of the General Staff of

Farms launch into wheat and barley harvest

Farms launch into wheat and barley harvest

Good crops of wheat and barley are being expected on farms across the country which are being transformed splendidly as the days

July 02, 2025

Good crops of wheat and barley are being expected on farms across the country which are being transformed splendidly as the days

Talks held between ministers of Culture of DPRK and Russia

Talks held between ministers of Culture of DPRK and Russia

Talks were held between Sung Jong Gyu, minister of Culture of the Democratic People's Republic of Korea, and Olga Lyubimova,

July 01, 2025

Talks were held between Sung Jong Gyu, minister of Culture of the Democratic People's Republic of Korea, and Olga Lyubimova,

Locomotive corps fulfils first half-yearly plan

Locomotive corps fulfils first half-yearly plan

The West Pyongyang Locomotive Corps of the Pyongyang Railway Bureau carried out its first half-yearly plan for freight transport.

July 01, 2025

The West Pyongyang Locomotive Corps of the Pyongyang Railway Bureau carried out its first half-yearly plan for freight transport.

New posters produced

New posters produced

New posters have been created to dynamically arouse all the people across the DPRK to attain the grand goals for 2025 set forth by

July 01, 2025

New posters have been created to dynamically arouse all the people across the DPRK to attain the grand goals for 2025 set forth by

Russian President censures West for robbery attempt

Russian President censures West for robbery attempt

Russian President Vladimir Putin condemned the West’s attempted robbery at the Eurasian economic forum on June 26. The Western

July 01, 2025

Russian President Vladimir Putin condemned the West’s attempted robbery at the Eurasian economic forum on June 26. The Western

Russian Culture Ministry delegation lays wreath at Liberation Tower

Russian Culture Ministry delegation lays wreath at Liberation Tower

The delegation of the Ministry of Culture of the Russian Federation led by Minister Olga Lyubimova on a visit to the DPRK laid a

July 01, 2025

The delegation of the Ministry of Culture of the Russian Federation led by Minister Olga Lyubimova on a visit to the DPRK laid a

Happy children

Happy children

Orphans are cheerfully growing up to be pillars of the country without knowing the sadness of having lost parents at the Pyongyang

July 01, 2025

Orphans are cheerfully growing up to be pillars of the country without knowing the sadness of having lost parents at the Pyongyang

More Articles