Fortune (September 24)
2022/ 09/ 25 by jd in Global News
“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”
Tags: Backfired, Cheap, Crisis, Dangerous, Devastating, Economies, Energy demand, Europe, Gas, High prices, Manufacturing, Pronounced, Russia, Unemployment, Uptick, Winter, Worse
