The climate is changing more rapidly in Europe than on any other continent and the damage is already stretching public finances, writes Balazs Koranyi

Record heat and droughts this summer - which scientists say are exacerbated by global warming - have wreaked havoc in power production, shipping, and public health systems.

The intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hampering agriculture and power generation,…