The EU is going to bail out energy companies to subsidize rate payers. That won't solve the underlying issue--lack of energy. It will hide the problem for another few days or weeks, maybe, but the game is basically over there. If you're a gambling man, look into ETFs that short the Euro.
People in europe thought they were free and prosperous, but the prosperity is an illusion that's apparently ending now. It's scary times ahead.
A similar thing is happening in slo-mo in the US in places like California. The electric grid isn't maintained, and insufficient capacity has been added over the years to power homes. Really companies couldn't raise rates, plus they had to pretend to be "profitable" to keep "investors" happy so they could pay dividends.
Our whole system is a giant scam and it's crumbling right now.
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