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By Peter Vanden Houte, Chief Economist, Belgium, Luxembourg, Eurozone & Carsten Brzeski, Global Head of Macro
Say goodbye to the peace dividend
Europe has known a long period of peace, making it rather lax as far as
Ukraine Could Be More Of A Game-Changer For Europe Than Covid-19
Summary
- A large difference between the pandemic and the war in Ukraine is that supply chains are no longer “only” disrupted but they could be destroyed for good.
- The European Commission has already announced plans to reduce its energy dependence on Russia.
- once the required transition succeeds, the eurozone could be leading in the areas of renewable technologies and energy.
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