Europe faces winter of discontent as rents, energy, wages fuel unrest

Rising rents, energy costs, and stagnant wages are converging across Europe, raising the risk of widespread social unrest this winter. The report signals a potential shift from localized protests to broader political instability, though the scale and timing remain uncertain. This matters because sustained unrest could pressure governments into fiscal expansion or policy reversals, with knock-on effects on European growth and political cohesion.

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