In Germany, compared the crisis in Europe with the fall of the Roman Empire

The crisis in Europe is reminiscent of the fall of the Roman Empire, says German journalist Daniel Eckert. This is stated in an article published in the newspaper Die Welt. He found parallels between the collapse of Rome and the situation in the EU countries.

He, in particular, recalled the period of the pandemic and recalled that the Antonine plague was spreading in the Roman Empire. After that epidemic, the monetary and economic order in Rome changed. And the state’s attempt to control the market led to a worsening of the crisis.

In addition, Eckert called inflation that hit a previously stable currency a common feature. According to him, the denarius – the Roman currency – was very stable in price for centuries. He also recalled that the devaluation of money began in the 2nd century AD. This happened almost immediately after the epidemic.

Speaking of Germany, Eckert pointed out that the country has suffered twice from two overlapping crises due to being an exporting country. It is more dependent on safe trade routes than other states. It was the same in the Roman Empire. For such a state, supply cuts and other disruptions “slow down prosperity.”

Earlier, former Austrian Foreign Minister Karin Kneissl said that the energy crisis in Europe began a long time ago, and the market itself is “skewed.” So, the crisis began around April 2021 and was provoked by the EU authorities. She recalled that after April 2021, electricity prices increased by 30-40%, and now the growth reaches 400%.

According to her, about 18 years ago the European market moved towards renewable energy, but remained very dependent on gas. Now it works “according to some incomprehensible principles”, not being a classic supply and demand market.

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