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The Failure of European Energy Policy

Surging energy prices following Russia's invasion of Ukraine have made it clear that the European Union needs a stronger, more unified, and more coherent common energy strategy. Many years of irresponsible and craven behavior by key players, particularly Germany, made today's crisis only a matter of time.

STOCKHOLM – Skyrocketing energy prices are a disaster for the European economy and its politicians. But given how feckless European energy policies have been, the economic pain they have caused should surprise no one.