Gas shock in Slovakia: Largest gas company will increase prices for households by 76%
High energy prices are exacerbating inflation in Slovakia
‘Politically motivated’ – After Russia cuts pipeline flow, European gas prices soar 70% in just one week
Russia could eventually shut down the Nord Stream 1 gas pipeline altogether, which most experts agree would be catastrophic for Europe’s economy
Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’
Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head
EU could cap price of gas if Russia cuts energy, but there are risks
An unnamed official from Germany warned against such a move
As inflation explodes in Czechia, price controls and other radical interventions are on the agenda
It is easy to forget that state intervention in the economy has always destroyed prosperity and brought poverty and scarcity, writes Lenka Zlámalová