Gas set the price of electricity in 15% of hours in Spain this year against 89% in Italy, and when Hormuz closed, Spain grew 0.7% while Italy got flagged as the eurozone's most exposed economy.

La domanda è retorica.

Europe's

Europe runs on 44% less energy per euro than it did in 1995, and when the Strait of Hormuz closed, Europe barely flinched.

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