Europe is absolutely reliant on oil from the exterior world. Every day Europe spends 1,57 billion dollars importing oil because has no huge source. I was talking about the value of the dollar but I want to say that these things are related to each other. Crisis is growing up because Euro is overestimated in regard to dollar. There are countries that can live out these days though there are countries that can’t withstand a crisis. Let’s say energetically independent country like UK wouldn’t feel crisis so hard but countries are not equal.
I think it’s not so interesting to talk about rich countries. Imagine an effect of crisis in Italy or Spain. There is real estate crisis in these countries because people are not able to repay a loan. By the way, we all know that pries of oil made an affect in the USA too. The connection between inflation and prices of oil is very apparent.
Talking about the Europe I can say that Europe countries are not in so bad situation like Asia. Inflation is the main problem here in most countries.
I will list the price of gas in EU countries.
1 euro for 1L E95 gas
- Holand – 1.69
- Finland – 1.54
- Belgium – 1.54
- Denmark – 1.53
- Italy – 1.53
- Portugal – 1.51
- Germany – 1.51
- Great Britain – 1.5
- France – 1.5
- Lithuania – 1.25
Not all countries are listed so I can’t say where the lowest gas prices are. But i am sure that to find a cheap gas is a problem. I think we need to save gas for the future.
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Oct 10, 2008 at 07:45:10
Thanks for passing by my blog site… the prices of gasoline here in my country is way too high… yeah, you’re right we should save gas for the future…