Those are eye-popping electricity rates and worse, they are going to become unaffordable for tens of millions of Europeans (or more) -- a phenomenon that will no doubt breed even more unrest on the continent. Next up: Germany, the continent's largest economy by far, is heading for a recession that will bring down nearly every other European country as well. Germany has admitted that it was stupid to become so overly reliant on cheap Russian fossil fuels, but it's too late now. It may be just a matter of time before Berlin reneges on the EU-led boycott of Russian energy so its own citizens don't freeze to death. Sources include: ZeroHedge.com NaturalNews.comMAP OF THE DAY: Day-ahead electricity prices in Europe are eye-watering, with lots of countries setting record highs for today. Notable to see the Nordics close to €400 per MWh, and Germany at €600. Before 2020, anything above €75-100 was considered expensive| #EnergyCrisis pic.twitter.com/RyTrbJ4Mxl
— Javier Blas (@JavierBlas) August 23, 2022
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