Economist Podcasts Continental drift: Europe’s challenges
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Dec 13, 2022 
Henry Kerr, Economics editor at The Economist, sheds light on Europe’s pressing economic issues, particularly energy prices and the impact of U.S. protectionism on green initiatives. Kinley Salmon, the West Africa correspondent, shares eye-opening stories from Ivory Coast's cocoa farmers, highlighting the tension between welfare and market forces. Lastly, Catherine Nixie, Britain correspondent, reveals how British street names reflect societal changes and political expressions, weaving a fascinating narrative of history and culture.
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Europe's Dual Crises
- Europe faces a short-term energy crisis and a long-term investment crisis.
- These crises threaten Europe's resilience and worry its allies, especially America.
Economic Impact of Energy Crisis
- High energy prices in Europe are likely to cause a recession, impacting German industry and household consumption.
- Governments are trying to protect consumers through subsidies, but higher prices still affect spending.
Impact of US Protectionism
- Biden's economic policies, including the Inflation Reduction Act, are tempting investment away from Europe to America.
- This protectionism creates a zero-sum game, impacting European exports and forcing companies to relocate supply chains.