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Gas Dispute

As a result of the gas dispute between Russia and Ukraine, Europe is looking for ways to reduce its dependence on Russian natural gas supplies. Economist Miklos Hegedüs takes a different stance: "It's riskier for the Europeans to regard this dependency, which, after all, is a mutual one, as a vulnerability. Consumers and suppliers alike are at each other's mercy. Russia cutting off the gas supply is a hypothetical, abstract possibility that is just as unlikely as it starting a nuclear war. Moreover, the alternatives would cost a lot of time and money and would damage the EU's competitivity."

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