MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think
Macro Voices
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The Problem Is Going to Start After the Winter
After the winter a lot of those long-term contracts that are still informing the price that consumers are paying for their electricity or natural gas will have to be renegotiated. The problem is going to start actually after the winter because right now many households many businesses are able to sort of survive with extremely elevated prices and we're talking here about three times the price that the United States household pays in some cases.
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