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The Independent UK
The Independent UK
National
Via AP news wire

'I can’t see the light': War fuels surging prices in Europe

Manu Fernandez

Edoardo Ronzoni inspects a construction site near Milan that he shut down in March as costs for materials skyrocketed. He can’t complete a half-built roundabout at an intersection known for fender-benders because asphalt, cast-iron pipes and concrete are too expensive — prices exacerbated by Russia's war in Ukraine.

Public works projects in Italy are grinding to a halt just as the European Union is injecting 108 billion euros ($114 billion) in pandemic recovery money meant to launch a construction frenzy.

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