Europeans face mass poverty – expert ...News

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EU households will fall behind on their energy bills, Professor Damien Ernst says Rising energy prices could lead to mass impoverishment in the EU, Professor at the University of Liege in Belgium Damien Ernst told French news site Atlantico on Monday. He warned there is no indication that the situation will improve after this winter. According to him, “the perfect storm” that has formed in energy markets is expected to have a major economic impact on households and businesses. Ernst suggested that in Belgium, households on average will be paying €10,000 ($10,000) a year for power and heating. The energy crisis wil

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