The energy crisis caused by the Ukraine conflict is creating a Europe of opposite fronts. This time, it is Germany that appears in the attitude of a mad and insecure cicada, while France and the countries of Southern Europe are adorned with the virtues of an ant. When we receive recommendations for “energy sobriety” without panic, but not always with the seriousness that would be required, our neighbors on the Rhine prepare all business shutdowns for wartime scarcity. The heaviest industrial power of the continent, which is gluttonous on Russian gas, is on the verge of disaster. short of stocks, supplies and alternatives, it is already seeing its growth stagnate, inflation and unemployment even before the shock of winter. With the risk of dragging the entire euro zone into recession.
Despite Green, Germany’s Minister of Economy, Energy and Climate Protection, Robert Habeck, displays commendable pragmatism. He advises…
Source: Le Figaro
