🇫🇷⚡️- Hundreds of French Catholics held a public Mass in front of the burnt building of the Lyon Tourism Office. The building was inaugurated in 1852 and had a symbolic role in Lyon's urban center.

Catholics here are chanting the Hail Mary prayer.

📝 🇪🇺 🇫🇷 Mario Nawfal on X: Europe's riots are just the beginning. The real economic shock hasn't even arrived yet.

I spoke with economist Philip Pilkington about the unrest spreading across France, Italy and Albania.

He thinks we're watching the early stages of something much bigger.

One statistic really caught my attention.

According to Pilkington, France's inflation-adjusted household food consumption has fallen roughly 6.4% since 2022. He suspects the poorest households have suffered far steeper cuts.

Now add another surge in energy prices.

Pilkington pointed to rice futures rising 70% this year, wheat and sugar climbing 40%, and fertilizer shortages threatening next year's harvest.

His prediction is that the worst food inflation could arrive this winter or next spring.

And there's a political problem sitting right on top of it.

Governments across Europe are already deeply unpopular. People are struggling to afford basic necessities, and another prolonged energy shock could push that frustration much further.

What worries me is that we're already seeing streets erupt before the full economic consequences of the Iran war have reached ordinary households.

Pilkington believes Europe is entering a period of serious instability. After hearing his numbers, I can understand why.

📎 Mario Nawfal