@philippilk: 1/ Now that the Nordstream pipelines are gone it's worth thinking about how a deindustrialisation of Europe via permantly high energy prices. 🧵 2/ European manufacturing will no longer be economically v...…
The pipeline is a major part of European energy supply and after six months of reshuffling energy policies no practical alternatives have been found. This is why Europe is currently in an energy crisis.
Meanwhile, Europe not being isolated from the world is a problem for Europe here. Energy input costs in Europe are far higher than in Asia, and likely to stay that way in the foreseeable future. This means that European industry which is currently shutting down is moving to Asia, and it’s never coming back. This will result in mass unemployment in Europe.
The pipeline is a major part of European energy supply and after six months of reshuffling energy policies no practical alternatives have been found. This is why Europe is currently in an energy crisis.
Meanwhile, Europe not being isolated from the world is a problem for Europe here. Energy input costs in Europe are far higher than in Asia, and likely to stay that way in the foreseeable future. This means that European industry which is currently shutting down is moving to Asia, and it’s never coming back. This will result in mass unemployment in Europe.