The European Central Bank raises interest rates by 0.5%, their first hike in more than a decade. And the ECB's job has just been made harder due to political turmoil in one of its largest nations, Italy, as Prime Minister Mario Draghi resigns. Meanwhile, Russian gas is flowing once again to Europe through the Nord Stream pipeline, but at just a fraction of full capacity. The International Energy Agency is warning of an energy crisis for the continent. Agency head Fatih Birol joins the show to discuss.

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