this post was submitted on 25 Sep 2023
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An image of the wildfires in Rhodes, taken on July 23rd, showing the flames and the plume of smoke.


Greece, in late July, faced a heatwave in which over 8 million people experienced temperatures about 41C, with some areas reaching above 45C - all in all, both the longest heatwave in Greek history, as well as some of the highest temperatures on record.

Due to these high temperatures, Greece was then struck by hundreds of wildfires this summer, affecting nearly 200,000 hectares. About half of the total burned area was in the north-east of Greece, in the Dadia national park near the city of Alexandropoulis - the single largest blaze that the EU has recorded. Other parts of the country were also struck, such as Attica, Magnesia, and islands like Corfu and particularly Rhodes; the last one prompted an evacuation of 20,000 people, the largest evacuation operation the island had ever seen. Of course, this is just one country of many that have been caught in the European wildfires this year, of which the total burned area approached 500,000 hectares - the only consolation is that this was less than last year.

Greece, Bulgaria, and Turkiye were impacted in early September by flooding caused by massive storms bringing a deluge of water - in Greece, this mainly impacted Thessaly, in the centre of Greece.

Luckily for Greece, despite being a very earthquake-prone country, they have experienced no significant quakes lately to round out the four (I hope I haven't jinxed it) - though, of course, earlier this year, a major earthquake struck nearby Turkiye, killing 60,000 people and injuring 120,000.


The Country of the Week is Greece! Feel free to chime in with books, essays, longform articles, even stories and anecdotes or rants. More detail here.


Here is the map of the Ukraine conflict, courtesy of Wikipedia.

This week's update is here!

Links and Stuff


The bulletins site is down.

Examples of Ukrainian Nazis and fascists

Examples of racism/euro-centrism during the Russia-Ukraine conflict

Add to the above list if you can.


Resources For Understanding The War


Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.

Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.

Understanding War and the Saker: reactionary sources that have occasional insights on the war.

Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.

On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.

Unedited videos of Russian/Ukrainian press conferences and speeches.


Telegram Channels

Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.

Pro-Russian

https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language.

https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.

https://t.me/s/levigodman ~ Does daily update posts.

https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel.

https://t.me/gonzowarr ~ A big Russian commentator.

https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.

https://t.me/epoddubny ~ Russian language.

https://t.me/boris_rozhin ~ Russian language.

https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.

https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.

Pro-Ukraine

Almost every Western media outlet.

https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.

https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.


Last week's discussion post.


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[–] Teekeeus@hexbear.net 31 points 2 years ago* (last edited 2 years ago)

Euro zone money supply shrinks as ECB turns off taps

The amount of money circulating in the euro zone shrank by the most on record last month as banks curbed lending and depositors locked up their savings, two tangible effects of the European Central Bank's fight against inflation.

Faced with the highest inflation rates in its nearly 25-year history, the ECB has turned off the money taps by jacking up interest rates to record highs and withdrawing some of the liquidity it pumped into the banking system over the previous decade.

The ECB's latest lending data on Wednesday showed this sharp increase in borrowing costs was having the desired effect and may fuel a debate over whether such a brisk tightening cycle may even push the 20-country euro zone into a recession.

A measure of money supply comprising just cash and current account balances shrank by an unprecedented 11.9% in August as bank customers switched to term deposits now offering much better returns as a result of the ECB's rate hikes.

The ECB's own research shows that a drop in this gauge of money, once it is adjusted for inflation, is a reliable harbinger of recession, although board member Isabel Schnabel said last week it was more likely to reflect a normalisation in savers' portfolios at this juncture.

A broader measure of money that also includes term deposits and short-term bank debt also declined by a record-breaking 1.3%, showing some money was leaving the banking sector altogether -- likely to be parked in government bonds and funds.

"This paints a bleak picture for the euro zone's near-term prospects," Daniel Kral, an economist at Oxford Economics, said. "We now think GDP is likely to contract in Q3 and to stagnate in the final quarter of this year."

Crucially, banks were also creating less money through loans.

Lending to businesses slowed to a near stand-still in August, expanding by just 0.6%, the lowest figure since late 2015, from 2.2% a month earlier. Lending to households rose just 1.0% after 1.3% in July, the ECB said.

The monthly flow of loans to businesses was a negative 22 billion euros in August compared to July, the weakest figure in over two years, when the bloc was suffering through the pandemic.

"This is not good news for the eurozone economy, which is already stagnating and showing increasing signs of weakness," said Bert Colijn, an economist at ING. "We expect broad sluggishness to continue as a result of the impact of restrictive monetary policy on the economy."