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Number Seven Thousand Six Hundred and Ten - 23 July 2024
Iran Daily - Number Seven Thousand Six Hundred and Ten - 23 July 2024 - Page 8

Can Harris take ...

Page 1

- Energy prices in Europe rose due to obstacles in the supply of Russian gas and oil, increasing expenses for industries and households, and creating economic pressure.

2. Economic challenges:
- European governments faced a reduction in funds for public welfare and well-being.
- France encountered law and order issues. Many public welfare projects in several EU countries had to be abandoned due to the pointless Ukraine war.

Industrial and economic
decline
1. Industrial production:
- After World War II and the economic crisis of the 1990s, there was a significant decline in the EU’s overall industrial production.
- Industries dependent on Russia’s raw materials reached the brink of collapse.

2. GDP growth:
- Efforts to establish new supply chains through alternative routes were made but met with limited success.
- The overall GDP of the EU has been recording a slowdown for the past two consecutive years, with Germany and Italy being notable examples.

Financial policies and
unemployment
1. Inflation and interest rates:
- The European Central Bank had to increase interest rates to control inflation, which led to a financial crisis for industries.
- Industrialists laid off workers to reduce costs, resulting in record-high unemployment across Europe over the past two years.

2. Product quality:
- The negative impact on product quality will be evident to consumers worldwide in the coming years.

US perspective and policies
1. Energy independence:
- The US did not face energy problems as it was not dependent on Russian sources.
- Europe bore the brunt of the Ukraine war, while President Biden did not attempt to resolve the crisis through negotiations but instead fueled the war by providing weapons to the Ukrainian government and financial resources for military expenses, ultimately burdening American taxpayers.
2. Gaza conflict:
- In October last year, during Biden’s presidency, Israel launched an assault on Gaza. Following a retaliatory operation by Hamas inside Israel, Biden, relying on false Israeli information, issued provocative statements that encouraged Israel’s aggressive actions.
- Israel’s forces carried out severe airstrikes on Gaza, targeting hospitals and killing newborn babies while Biden and his administration only
watched.
- Biden’s presidency marked some of the darkest events, with no American president since 1948 having policies toward Palestinians based on justice and human values.

Biden’s black marks
1. Impact on Pakistan:
- Biden’s administration ousted Imran Khan’s government in Pakistan due to stubbornness and arrogance, severely damaging Pakistan’s economy, affecting approximately 200 million people.

2. Kamala Devi Harris’ nomination:
- Biden has nominated his Indian-origin Vice President Kamala Devi Harris for the next presidential elections. However, the Democrats have yet to decide on her candidacy. It is apparent that Donald Trump will easily face and defeat Kamala.

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