Familiar Eurozone fault lines are starting to re-surface
It has been nearly six months since Putin launched his invasion of Ukraine, but for Europe, the worst is yet to come. Already companies are contemplating shutting down production, including aluminium smelters in Slovakia and fertilizer producers in the UK. Corporations need to plan long term, and forward contracts for electricity (which are supposed to lock in energy costs) are at all-time highs for 2023 and 2024.
