The EU is fining France because they don’t have enough clean energy in their mix despite France having the cleanest energy in Europe because nuclear used to not count. They are also forcing the French national energy company to resell their electricity at a loss to competitor moving money which should be used to invest into the pocket of private investors. And let’s not talk about the utter stupidity of the current discussion on the dams.

Then you realise that a significant part of France new debts was due to them shielding their population for the soaring prices of electricity despite France producing cheap energy, said prices being due to Germany brain dead strategy leading to a dependence on Russian gas and the obligation to go through the European market, and you start to see the double whammy.

Well, at least, the energy market is not as bad as the ECB rules.