NEW @Bruegel_org data: since September 2021, €674 billion, nearing 5% of GDP, allocated in European countries to deal with energy crisis.

This is as large as the "unprecedented" NGEU program.

When does this level of expenditure stop being "temporary"?…
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In reply to @lugaricano
Well, when the crisis is over, the spending will be over. No point shielding households and businesses from high energy costs once they are not high anymore.


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