Will This Winter Be the Worst of Times for Europe?

Published on
August 16th, 2022
60 minutes

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Will This Winter Be the Worst of Times for Europe?

The Essential Conversation ·
Featuring Wouter Jongbloed and Andreas Steno Larsen

Published on: August 16th, 2022 • Duration: 60 minutes

The war in Eastern Europe has devolved into one of attrition, with no end to hostilities on the horizon. Western policy makers are trying to cope with an energy crisis created by Russia’s invasion of Ukraine and exacerbated by decades of short-sighted long-term planning. Inflation is a problem over there, too, and growth prospects are even worse. Wouter Jongbloed, the head of political risk analysis at Exante Data, joins Real Vision’s Andreas Steno Larsen to talk about the risks this energy crisis poses to Europe and whether a “standstill” between Moscow and Kyiv would have any bearing on markets and the broader region. This is also a crisis of the European Union’s authority: Will it be able to hold member states in line on natural gas consumption cuts, or will others go the way of Hungary and strike out on their own? Jongbloed also shares his thoughts on Taiwan and China in light of Ukraine and Russia and the impact on portfolios of rising geopolitical risk premia. Recorded on August 11, 2022.