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Europe spent over 11.8 billion euros on energy relief, but won't solve crisis
European governments have launched another round of subsidies and tax breaks to ease the impact of rising energy prices — Germany and France are cutting fuel taxes, London is removing VAT on electricity, and Madrid is preparing for higher gas bills. The total value of fiscal interventions exceeded 11.8 billion euros, prompted by a price rise linked to the Middle East conflict and the Strait of Hormuz blockade. Economists and the renewable energy sector warn that these tools are temporary and do not eliminate Europe's structural dependence on global energy markets.
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