AGP Executive Report
Last update: 3 hours agoEnergy Costs: European gas prices have topped €100/MWh, roughly triple last year’s level, while the supply shock has added €33bn to EU import costs. Storage was only 75% full in October, raising the prospect of another costly winter. France’s Fiscal Strain: Cost-of-living protests are intensifying as France faces weak growth, public debt above 116% of GDP and 30-year borrowing costs above 5.4%. Industrial Pressure: Europe’s steelmakers warn that weak demand and high energy costs could prolong the downturn until 2027, despite new EU import restrictions. EU-UK Trade: European leaders are urging closer ties, while talks to link carbon markets aim to limit extra costs for industry; any broader market access would come with trade-offs. Business and Investment: The EU has committed €525m to chip startups, but Europe still holds less than 1% of global chip-design revenue, underscoring the challenge of building strategic industries at scale.
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