Europe’s Energy Crisis: How To Shoot Yourself in the Foot
Rather than worrying about what Trump might do, the EU should question its own ‘green’ policies that raise prices and alienate trade partners.
Rather than worrying about what Trump might do, the EU should question its own ‘green’ policies that raise prices and alienate trade partners.
Slovakia and Hungary warn of catastrophic shortages and threaten legal action over Ukraine’s halting of Lukoil transit.
Both countries have been aiding Ukraine through diesel shipments, but now are facing an immediate “fuel crisis” in return.
Strategic and economic realities are forcing Europe to moderate its energy policy experiment.
In Europe, the eco-‘woke’ movement is nowhere as strong as it is in Berlin. But after a nepotism scandal was exposed, Germany’s Greens have gone on the defense.
Despite reviving coal production, the German government has been adamant about phasing out all nuclear power production by the end of this week.
The French public widely supports the nationalisation of the energy company, especially since the country has been plunged into an energy crisis.
Germany spent nearly €270 billion alone on mitigating the crisis, reveals Bruegel’s latest report.
The commission and government are considering options to restructure the bloc’s common electricity market, and move it further away from natural gas dependence while stabilising consumer prices.
Despite unanimity on the need for the project, the debates are stormy. The opposition will not fail to seize the opportunity to denounce the inconsistencies of President Emmanuel Macron, his about-face on this eminently strategic issue.