Europe is plagued by inflationary pressures, highlighted by an energy crisis, and it faces a recession with more serious longer-term implications than most other regions. Structural issues will continue to test the durability of the European Union and the European Central Bank’s ability to support a functioning economy. Christopher Dembik, the head of macro analysis at Saxo Bank, joins Real Vision’s Ash Bennington to talk about governance challenges EU policymakers must overcome or sidestep in their efforts to solve energy supply and infrastructure problems, with member states increasingly divided by national interests. Dembik explains how the ECB’s path is laden with difficulty, noting that monetary policy is not “the right tool” to bring down inflation in the eurozone. Recorded on October 14, 2022.