
The Intelligence from The Economist Continental drift: Europe’s challenges
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Dec 13, 2022 Henry Kerr, Economics editor for The Economist, unpacks Europe's immediate energy crisis and the looming impact of American policies on its green ambitions. Kinley Salmon, the West Africa correspondent, provides an eye-opening look at the cocoa industry in Ivory Coast, spotlighting the struggles of local farmers caught between welfare and market demands. Catherine Nixie, the Britain's correspondent, reveals the rich historical narratives embedded in London's street names, illustrating how they reflect societal values and the city’s evolving identity.
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Northvolt's Shift
- Northvolt, a Swedish battery startup, announced plans to expand production in America following the Inflation Reduction Act.
- This highlights how European businesses are responding to American incentives.
Geopolitical Tension
- America's protectionist policies aim to secure strategic industries and reduce dependence on China.
- However, a strong Europe is crucial for America's global standing and rivalry with China.
Strengthening Transatlantic Ties
- To strengthen transatlantic ties, America should consider making European firms eligible for green energy subsidies.
- Europe should increase defense spending and work towards self-sufficiency in security.



