Moneycontrol PRO
Open App
you are here: HomeNewsOpinion

Europe can withstand a winter recession

Energy substitution, solidarity and conservation can help overcome the effects of a Russian gas embargo 

©The Financial Times Limited 2020 Aug 10, 2022 / 12:02 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Europe can withstand a winter recession

There is virtually no way to escape a Europe-wide recession, but it need be neither deep nor prolonged (Image: AFP)

Chris Giles Vladimir Putin must think the leaders of Europe were born yesterday. The Russian president has made it perfectly clear that he will use tight restrictions of natural gas supplies as an economic weapon in the coming winter, but European politicians and central bankers still talk of a Russian embargo as a mere possibility. There is virtually no way to escape a Europe-wide recession, but it need be neither deep nor prolonged. It is also Russia’s last economic card. So...

  • PRO Panorama

    Moneycontrol Pro Panorama | Credit Suisse should act fast to restore trust and calm fears

    Oct 7, 2022 / 04:11 PM IST

    In today’s edition of Moneycontrol Pro Panorama: MNCs can learn from HUL's performance, engineering curriculum needs a fix, the progress in PLI scheme has been uneven and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers