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2026-10-15T18:04:53.500Z

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Europe’s energy crisis worsens economy

Europe’s energy crisis worsens economy

Europe is facing a severe energy crisis due to rising oil and gas prices caused by tensions in the Gulf and the ongoing war between the United States and Iran, which has led to increased import costs and a negative impact on the economic growth of member states. The European Commission is implementing measures including a cap on gas prices, tax reductions, and increased taxes on energy companies' profits. However, there are disagreements among the countries regarding these policies, especially concerning their impact on investments. Experts emphasize that resolving the electricity price issue requires long-term reforms focused on strengthening sustainable energy networks and investing in clean energy sources to ensure future market stability.

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