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MacroVoices #316 Daniel Lacalle: Energy in the New War Economy

Macro Voices

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The European Commission Needs to Do Something About the Energy Crisis

Europe imports about a hundred and 50 b c m of gas from russia. It's very, very difficult to offset the gas coming from russia with natural gas coming from other sources because of lack of inter with pipe lines,. And that inflationary pressure plus interventionism means lower investment, lower job growth and weaker companies in the future. In the past, we have seen some of the large corpora tons of the european union dissolve from being 68 90 billion companies to almost er mid capsize for us standards.

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