EU states misdirect €10 billion in energy shock spending

4 articles · Updated · Bloomberg · Apr 28

Bruegel reports that nearly 80% of the €10 billion committed by EU countries to counter energy price rises is poorly targeted, with Spain accounting for almost half and Germany the second-largest spender.
Most measures, such as blanket tax cuts, contradict European Commission guidance to keep support temporary, targeted, and not demand-boosting, raising concerns about policy effectiveness.
The spending surge follows energy price increases driven by the Iran war, as EU governments attempt to shield consumers and businesses from economic fallout.

As BP's profits double from the Iran war, will the EU impose new windfall taxes?

With €10 billion spent, why do 80% of EU energy subsidies miss their targets?

Is Europe's major pivot back to nuclear power a wise move or a risky gamble?

Is the EU trading its dependency on Russian gas for a new one on American LNG?

How can Spain's renewable energy help the EU if its grid remains isolated?