With temperatures falling and gas prices rising, much of Europe is drifting into a perfect storm. Supply shortages, inflation, green policies and ideological opposition to Russia are creating an energy crisis.
As a result, power outages, stunted economic recovery and political fallout could have ramifications across the continent. In the longer term, the failure of EU policymakers will undermine energy security, make its industries less competitive, and have a negative impact on Europe’s cohesion and role in the world.
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