Business
European energy rates this winter look less viable
There is no end point for Europe raises energy prices. That may be what the continent needs to avoid the devastating effects of having to supply natural gas this winter.
This is because price is too high—Many times their level than last year — that they are forcing Europeans to save fuel and secure alternative supplies. That leads to increased gas reserves and a higher chance that the economy will shrink but not completely collapse in the next six months.