Falling oil prices should help Europe’s ailing economies, but the wider implications of the price drop remain to be seen

How will the drop in oil prices affect European economies? As Bert Scholtens writes, the general expectation is that a fall in oil prices should help economic growth across Europe, but there are nevertheless a number of key factors which play an important role in how the price feeds into individual economies. It is also unclear what impact the oil price will have in other areas, such as attempts to transition to renewable energy.