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Europe’s gas outlook for 2023

The Sound of Economics

CHAPTER

Energy

We wrote a series of papers last year arguing that unless there was a grand bargain, we might face a disaster. The most important element is that at the end of the day, ultimately countries have avoided the temptation of closing the border of the energy markets. That was something that honestly was not to be taken for granted. And I think it really allowed Europe to basically go through the worst of the situation without physical disruptions.

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