08/2012_English_The Euro Crisis is also an energy crisis
A few years ago, many economists were warning that the world economy could not support an oil price of 100 dollars a barrel over the long term. Oil prices have now been hovering around this figure for the past eighteen months. This has coincided with the crisis in the euro zone, which is almost always presented as a financial, banking and sovereign debt crisis. The majority of economists, financial institutions and policy-makers rarely consider that the crisis might possibly be linked to rising fuel and other resource prices.