With the debt crisis rocking southern Europe, high energy prices punishing Europeans, and a pandemic in the process of flattening many parts of the continent, life has been anything but easy for Europeans.
Highlights:
- The European Union is at the junction of an economic crisis, energy crisis, and pandemic.
- The European Commission creates coalitions with other countries to tackle the economic and energy crisis.
- A lack of sustainability leads to a need for advances in alternative energy sources and innovations in regulating energy usage.
With the debt crisis rocking southern Europe, high energy prices punishing Europeans, and a pandemic in the process of flattening many parts of the continent, life has been anything but easy for Europeans. When the continent’s 50-year reign as a global economic and political superpower ended in 2008, what seemed to be not a macroeconomic collapse brought on by reckless lending but rather the beginning of long-overdue structural reforms.
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