This is how governments try to help during the crisis in Europe

By: Trademagazin Date: 2022. 08. 26. 10:04

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The record rise in inflation in Europe has led to a crisis of living. While in Hungary they just decided to increase utility costs and “reduce utilities”, other European countries are now developing subsidies to help citizens before the winter heating season – Euronews has collected the coping strategies of European governments.

Most governments offer extra aid to solve energy-related problems

Many European families feel that these days, as soon as they receive their paycheck, it disappears due to rising food and fuel prices, increasing rents and utility costs. The rate of inflation in the 19 countries of the Eurozone set another record in July, rising to 9.8%.

So far, it does not seem that there is a solution to the European energy crisis. European leaders are preparing for Russia to completely shut off gas pipelines supplying Europe in response to sanctions imposed over the war in Ukraine.

The Belgian Prime Minister, Alexander De Croo, warned that, according to the most gloomy estimates, at least 10 hard winters should be expected in Europe due to the current situation. The member states of the European Union are responsible for their national energy policies, and EU rules allow them to take “emergency” measures to reduce costs for consumers.