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Zitat:Europe fears its industries will jet to the U.S. as energy costs force plant closures
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Companies across Europe are going into sleep mode. Gas-heavy fertilizer makers have all but halted production. Steelmaker ArcelorMittal has temporarily shuttered mills in France, Spain, Germany and Poland.
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None of this is helped by America's recently passed Inflation Reduction Act. It provides $369 billion in spending that includes subsidies to support companies investing in renewable energy. The incentives, combined with cheaper energy prices in the U.S., have raised fears of an exodus of European manufacturers to America.
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"My concern as a European citizen is that these industries will be closed and will not start again," says François-Régis Mouton, regional director for Europe at the International Association of Oil and Gas Producers.
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There is increasing talk of a coming deindustrialization of Europe, bringing unemployment, a change of lifestyle and possibly social unrest.
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Experts say European companies that shutter could move operations to the U.S., where energy is plentiful and much cheaper. "Europe is faced with the flight of its industry, jobs and capital towards the U.S," French economist and historian Nicolas Baverez wrote recently in the magazine Le Point.
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https://www.npr.org/2022/11/25/113857308...eu-economy?
