The European Union will not experience high energy prices and ensuing inflation in Europe for a long time, and the European Commission (EC) is right to be cautiously optimistic about growth rebounding after winter, Etienne de Callatay, a manager of Orcadia Asset Management in Luxemburg and professor of macroeconomics at the University of Namur, told Sputnik

Countries in northwestern Europe are currently grappling with the fallout of a devastating series of floods that led to the deaths of more than 200 people, and experts told Sputnik that extreme weather events such as these could occur with far greater frequency over the coming decades due to the impact of climate change

The number of Belgians who have died as a result of floods since they occurred last week has increased to 36, the mayor of the Chaudfontaine commune, located in the worst-affected region of Liege, said on Monday