Connect with us

Latest Update

How much money have European countries and Latvia spent so far on suppressing energy prices? & More Latest News Here

Published

on

 

In the last year, governments in Europe have already allocated 500 billion euros to curb the increase in energy prices, referring to the report of the research company “Bruegel”, writes foreign media.

close-ad

Content will continue after the ad

Advertising

Football Highlights

Gas and electricity prices in Europe have risen sharply as Russia has cut exports in response to Western sanctions over its invasion of Ukraine.

With prices rising at a cosmic pace, governments have introduced measures to cap retail electricity prices, reduce energy taxes and provide subsidies to bill payers.

The 27 EU countries have allocated a total of 314 billion euros for these measures, while Great Britain has allocated 178 billion euros. If you also take into account the funding that EU countries have allocated for the nationalization of energy companies, rescue or the granting of loans to energy supply companies in difficulty, then EU governments have spent a total of almost 450 billion euros, Bruegel estimates.

It has already been reported that Germany nationalized the gas importer “Uniper” on Wednesday, while Great Britain set a ceiling on electricity and gas costs for companies.

Many of these measures are intended to be temporary, but experts at Bruegel say state intervention has become “structural”.

“It is clear that this is not sustainable from a public finance perspective,” says Bruegel senior partner Simone Tagliapietra.

“Governments with more fiscal space will be better able to deal with the energy crisis and in a better position during the winter months than neighbors with limited energy resources,” he says.

So far, Germany has spent the most on the measures – allocating 100 billion euros. Croatia, Greece, Italy and Latvia have set aside more than 3% of GDP for solving the energy crisis, and Estonia – 200 million euros.

How much money have European countries and Latvia spent so far on suppressing energy prices?
& Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be

How much money have European countries and Latvia spent so far on suppressing energy prices?
& More Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

How much money have European countries and Latvia spent so far on suppressing energy prices?
& More News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

The Article Is In Latvian🡽

SEE IT HERE