European Energy Prices are So High They Risk a Financial Crisis!

Prices for energy in Europe have now risen to such unimaginable highs that the energy crisis risks spiraling into a full blown financial crisis. The cost to deliver electric and heat to the average European home is now nearly double the average mortgage payment in the United States in 2008 just prior to the Global Financial Crisis. If Europeans can't make those payments, then the banks will be left holding the bag when the utilities fail.

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