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Viewpoint: German Winter Nightmares Are Coming True

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Before passing on the costs of the interventions to stem the current energy crisis, Germany and the rest of Europe would be wise to study the ripple effects of the gargantuan bank bailouts by global central banks following the 2007-08 financial crisis. Some experts have linked such one-sided handouts to the subsequent rise in populist and nationalist parties in the West. It seems that natural gas could become the catalyst for the social anger and frustration that critics feared green levies and the energy transition would unleash.

Topics:
Policy and Regulation, Macroeconomics , Gas Prices, Gas Supply, Ukraine Crisis
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