BDO Germany

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A small but very special moment today — I received the hard copy of my #ACCA diploma! So much effort, time, and discipline behind this… and now I can finally hold the result in my hands😍😍😍

Energy Crises Don’t End. They Leave Consequences That Reshape Economies Energy crises are usually discussed in terms of short term effects such as price spikes, inflation, or supply disruptions. But history suggests something more important. Their real impact lies in the consequences they leave behind. The energy crisis of the 1970s was not just an economic shock. It triggered structural changes that shaped policy, industry, geopolitics, and financial systems for decades. It altered how governments think about security, how companies manage risk, and how markets price uncertainty. Today’s energy crisis may be doing the same, but at a broader and more systemic level. What makes the current moment different is not only the scale, but the scope. Energy is no longer just an input to the economy. It is deeply embedded in industrial strategy, technological competition, and financial stability. This amplifies the range of consequences and extends their duration. The comparison below captures those consequences in a structured way. The key takeaway is simple. The 1970s crisis did not just make energy more expensive. It reshaped inflation dynamics, triggered prolonged periods of high interest rates, and forced a repricing of risk across financial markets that lasted for years. Capital became more expensive, investment decisions slowed, and entire sectors faced tighter financing conditions. Today’s crisis is likely to follow a similar pattern, but across a more complex system. Inflation shocks linked to energy costs are already influencing monetary policy, pushing interest rates higher and tightening financial conditions. This affects not only consumption, but also long term investment, especially in capital intensive industries. Beyond that, the consequences extend into how capital is allocated. Energy price volatility and uncertainty tend to increase risk premiums, shift investment toward more resilient geographies, and accelerate the revaluation of sectors exposed to energy costs. Financial markets begin to price not just energy costs, but energy security. This is why the consequences may be more persistent than expected. Even if prices stabilize, the macroeconomic and financial adjustments tend to remain. Investment is reallocated, balance sheets adjust, and policy frameworks evolve in response to a new perception of risk. If the 1970s reshaped how the world consumes energy, this crisis may reshape how the world produces, finances, and governs it. The real question is not how long the crisis will last. It is what kind of economic and financial system will emerge because of it. #Energy #Geopolitics #EnergyTransition #Macroeconomics #Finance #Strategy #Leadership #IndustrialPolicy #RiskManagement #GeopoliticalRisk #EnergyTransformation #EnergySecurity

Having benefitted greatly from Erasmus during my Exchange year at Leeds Beckett University studying #European_Finance_and_Accounting in the 1990s, I wholeheartedly welcome Britain's return to the European academic family. Welcome back.

J.P. Morgan makes my dreams come true. 🖤 Motivated and inspired after marvellous days spending with the team, meeting Senior Management and absorbing the knowledge they gladly shared with us. Chase your dreams and they will come true as mine.