The chapter delves into the impact of upcoming elections in the UK and France on the UK guilt market and potential consequences for European financial markets, expressing concerns similar to the 2010 European sovereign debt crisis. It explores the influence of populism on politics and markets, discussing the rise of far-right parties in Europe and analyzing the effects of energy prices on the region's economy. The chapter also examines the changing global dynamics in energy supply, focusing on shifts in US foreign policy and advancements in nuclear technology, especially in China.

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