While households and businesses in most of Europe will be sacrificed on the altar of the “market” (which in this case does not mean free competition, but the profits of a few multinational corporations) and governments will let energy prices rise unrestricted, the Hungarian government is figuring out how to ensure cheap energy for many years to come. It is concluding a multi-year contract with Russia (where it will pay a fraction of what Czech customers pay) and building another nuclear power plant whose electricity is not destined for the German exchange but for Hungarian customers.
The Hungarian government is figuring out how to ensure cheap energy for many years to come.
So I remember how in my youth we in communist Czechoslovakia envied the West Germans their standard of living and perfectly functioning state. Actually, it is becoming similar. Except that the communist rulers of the time did not shout that West Germany was a deterrent.
