As with most nightmares, the origins of the power crunch are partly clear and partly mysterious. Europe went into the winter season with low stocks of natural gas, which is used for heating homes and generating electricity. Shrinking domestic energy production in places like the Netherlands, wimpy breezes that failed to spin wind turbines as much as hoped, booming Asian demand sucking gas eastwards, and maintenance trouble at French nuclear plants have coalesced into a shortage few saw coming.
But the horror goes beyond the pocketbook: for many countries, it evokes their worst insecurities. Take proud France, which currently holds the rotating presidency of the Council of the. The crisis makes a mockery of the bloc attaining “strategic autonomy”, President Emmanuel Macron’s latest big idea. That Europe should be shielded from being bossed around by foreign powers sounds laudable, but seems more distant than ever.
Southern Europe’s biggest fear is of a sputtering recovery. Greece, Italy and others could use a good run after two crises in barely more than a decade. Big jumps in energy bills hurt poorer countries more. That applies to eastern Europeans too. But their Room 101 is dominated by Mr Putin, who keeps his hand on the gas tap while demanding that former Warsaw Pact countries stop hostingtroops.
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