How Europe Sabotaged Its Own Economy
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For decades, Europe stood as a beacon of economic strength and innovation.
Its industrial heartland thrived, powered by an abundant supply of what seemed like
endlessly cheap energy. But this reliance, primarily on one source, created a hidden
vulnerability. Then came the geopolitical shifts, forcing difficult decisions. Sanctions,
intended to exert pressure, inadvertently boomeranged. Suddenly, the lifeline of
affordable energy was cut, and industrial production staggered. Energy prices skyrocketed,
hitting businesses and households alike. Simultaneously, Europe pursued ambitious green energy targets.
While noble, the transition wasn't always smooth, or cheap. Higher costs for
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