Europeans warned of ‘permanently high’ energy costs ...News

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Europeans warned of ‘permanently high’ energy costs
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Consumers will have to pay for the abandonment of cheap Russian supplies, EU says EU commissioner, Margrethe Vestager, told Germany’s Handelsblatt newspaper on Wednesday that European consumers will have to put up with permanent price increases for energy as the continent wants to become independent from Russian imports. “A significant part of European industry relies on ultra-cheap energy from Russia, super-cheap Chinese labor and highly subsidized semiconductors from Taiwan. Europe knew about these risks, but showed greed,” Vestager said. According to the commissioner, European states cannot simply accept such d

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