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As the global energy crisis continues, gas prices in Europe jumped to more than 10 times their normal level. At the same time, investors appear to be the most pessimistic about the economy of Germany – the "engine of Europe" – since the eurozone debt crisis a decade ago. How are European countries coping with record-breaking inflation and recession fears both individually and as a bloc? And what implications does the EU's economic distress have for the rest of the world?

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