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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Eurozone economic growth declining, could reach zero

  • By Al Mayadeen English
  • Source: Agencies
  • 27 Sep 2022 11:46
2 Min Read

The stark increase in energy costs and the loss of Russian gas has slowed down Europe's economic growth.

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  • Eurozone economic growth declining, could reach zero
    Eurozone economic growth declining, could reach zero

Eurozone economic growth has been on a decline and could soon become zero, according to the vice president of the European Central Bank (ECB). 

“We are seeing that in the third and fourth quarters there is a significant slowdown and we may find ourselves with growth rates close to zero,” said Luis de Guindos at a conference, as reported by Reuters. 

Due to the stark increase in energy costs and the loss of Russian gas, economic output has been suffering. This has raised the risk of energy rationing in the next season, which will require a lot of heaters. 

Read next: Eurozone inflation hits yet another record high in August

Euro area annual inflation, with the energy price increase, reached 9.1% as of August, and is expected to increase to 9.6% this month, reaching a record high. 

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German economy shrinks 0.3% in 2023

Earlier this month, the ECB raise interest rates by 75 basis points, just weeks after pushing a 50-point increase with the aim of ameliorating inflation. The regulator notes that more hikes will be implemented, with another interest rate point increase coming in October. 

However, the nature of the upcoming moves was not disclosed. The rates will rather be "rate-dependent."

Last week, de Guindos remarked that “Markets believe that the slowdown of the economy would reduce inflation by itself. Actually, this is... not right. Monetary policy has to make a contribution."

Earlier this month, EU energy minister gave the European Commission a mandate to limit gas prices. Surging costs of power linked to gas prices have already stunted the production of various industries, such as fertilizers and aluminum manufacturers, and prompted EU governments, such as Germany, to increase their spending by billions in order to help their citizens.

Italy and Germany are now the two largest European countries most exposed to a gas supply shock due to their extensive use of natural gas and significant reliance on Russia, according to S&P Global Ratings.

Read more: Germany industrial orders in decline for 6 months

  • Eurozone
  • Russia
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

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