According to a study, seven issues will have a long-term impact on the European economy and thus the stock markets. The structural shifts will produce winners and losers – German industry icons Stefan Schaaf are expected to stand on either side

Shortly after the Russian attack on Ukraine, Chancellor Olaf Scholz spoke of a turning point for Europe. Now, more than a month after the beginning of the war, parallels are increasingly being drawn to historical turning points such as the fall of the Berlin Wall in November 1989 or the terrorist attacks of September 11, 2001. Instead of being able to take care of a green transformation of the economy, Europe now sees itself exposed to a military threat, a possible energy crisis and less globalization.