| ▲ | JumpCrisscross 2 hours ago | |
> they’re too slow and bureaucratic to act in time to avoid a recession? "The energy imports dependency rate in the EU was 57%, which means that nearly 60% of the EU’s energy needs were met by net imports" [1]. To put that in perspective, Sri Lanka–an island nation–has an import dependency ratio of 60% [2]. A European recession is coming because Europe made wrong decisions in the past. I don't know if there is anything it can do in the short term to fix this. Just, potentially, alleviate the pain. > there is literally no way for them to revive nuclear for some reason? Nuclear's problem in the West is we overregulate it. I'm not seeing a clear way for the EU to fix this problem, barring France striking a deal in exchange for extending its nuclear-weapons umbrella. For nuclear, the EU's veto rules mean between Germany's greens and Hungary's Russophilia, nothing transformative can get done. [1] https://ec.europa.eu/eurostat/web/products-eurostat-news/w/w... [2] https://data.worldbank.org/indicator/EG.IMP.CONS.ZS?most_rec... | ||