<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Leading article

The economic storm ahead is losing some of its power

29 October 2022

9:00 AM

29 October 2022

9:00 AM

When Russia invaded Ukraine in February, German protesters lined the streets holding placards saying ‘Better a cold shower than Putin’s gas’. Their resolve was soon to be tested: energy costs surged and Berlin’s longstanding policy of relying on Russian gas started to cost the country dear. Germany set itself the hugely ambitious target of having its gas stores 95 per cent full by November, a policy that remained even after Moscow turned off the Nord Stream pipeline.

Already a subscriber? Log in

Black Friday sale

Subscribe today and get 10 weeks of The Spectator Australia for just $1

  • Unlimited access to spectator.com.au and app
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


Comments

Black Friday sale

Subscribe today and get 10 weeks of The Spectator Australia for just $1

Already a subscriber? Log in

Close