European industries are slammed by soaring energy costs so much that they are curtailing or shutting down production, losing global market shares, and risking permanent damage to Europe’s competitiveness. Surging natural gas and electricity costs have resulted in a jump in operational costs for all industries, from steelmaking and car manufacturing to textiles and clothing. As manufacturers are curtailing, shutting down, or relocating production, they risk never reopening in Europe again, eroding the EU’s competitiveness, including…
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