The European economy is on the verge of collapse

🇩🇪 𝗪𝗔𝗩𝗘 𝗢𝗙 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡𝗦 𝗜𝗡 𝗚𝗘𝗥𝗠𝗔𝗡 𝗥𝗘𝗦𝗜𝗗𝗘𝗡𝗧𝗜𝗔𝗟 𝗖𝗢𝗡𝗦𝗧𝗥𝗨𝗖𝗧𝗜𝗢𝗡 𝗥𝗘𝗔𝗖𝗛𝗘𝗦 𝗡𝗘𝗪 𝗛𝗜𝗚𝗛.

The crisis facing Germany's residential construction sector, triggered by high credit and material costs, intensified in August, with… pic.twitter.com/ap7n0437hb

— PiQ (@PiQSuite) September 12, 2023

GERMAN BUILDERS WARN OF CRISIS AS THEY SCRAP RECORD NUMBER OF PROJECTS – FT https://t.co/QJHqAIEsRi

— FinancialJuice (@financialjuice) September 12, 2023

Bankruptcy declarations in the European Union reached the highest level since 2015 in the second quarter of this year, per Reuters.

— unusual_whales (@unusual_whales) September 12, 2023

BREAKING: UK’s house prices are falling at the fastest pace since 2009, per Bloomberg.

— unusual_whales (@unusual_whales) September 12, 2023