PhD Economist Says Energy and Financial Situation in Europe is “Much Worse than Many Understand...

PhD Economist Says Energy and Financial Situation in Europe is “Much Worse than Many Understand,” Warns of “Mayhem” in Weeks or Months

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(Natural News) Forecaster, associate professor, CEO and economist Tuomas Malinen, PhD, says that economic conditions in Europe are much worse than most people – including Europeans themselves, who are being kept in the dark by their politicians as to what is transpiring – think. In addition to the energy crisis – several of Europe’s largest steel mills just closed down because energy prices are too high – Europe faces another major banking crisis. It turns out that the energy sector, like many other sectors, is heavily leveraged. And as the markets teeter on the brink of collapse, energy companies risk...
Source: https://www.newswars.com/phd-economist-says-energy-and-financial-situation-in-europe-is-much-worse-than-many-understand-warns-of-mayhem-in-weeks-or-months/