Returning to Poverty

How Europe’s energy crisis destines Europe for worse to come.

Since August 31, Russia has halted German gas supplies via the Nord Stream 1 pipeline. Initially, Russia claimed the “maintenance issues” could be resolved in three days. After nearly two weeks, it is clear maintenance isn’t the issue.

Over the summer, Germany hectically tried to fill up its gas storage facilities. But the abrupt stop of Nord Stream 1 has sparked fears that Germany’s supplies won’t last through the winter. As such, gas prices are soaring, and the European Union’s attempt to cap prices for consumers is failing. With inflation already raging, the energy crisis could lead to not only freezing homes in the winter but also the return of large-scale poverty in Europe.

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