The European Council


Dinara Karimova

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Today, the European Union imports more than 53% of its energy, as a total cost of around €400 billion. The European Union is the largest energy importer in the world. Electricity prices for European countries are 30% higher than in the United States of America, and many households cannot afford energy, which is a catastrophe in many democracies. These prices of energy have an important impact on the competitiveness of European industry. In 2012, Greek imported 61,06% of its energy. Comparing to the 70’, with 80-85% of Greek energy imported, the percentage decre...

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