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3min chapter
How should the European Union’s industry respond to the energy crisis?
The Sound of Economics
Introduction
In 2022, Europe has managed to safeguard the security of energy supply in spite of being hit by a huge energy price shock. In addition, EU industry has been comparatively resilient and we have not seen a large recession. As the peak of the crisis now seems to be behind us, so energy prices have come down significantly. Europe now needs to assess its longer-term industrial repercussions. And with me are two researchers of Bruel, Georg Tachman and Giovanni Scaravati, who have written a paper on just this topic - the EU's industrial response to the energy crisis.
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