The amount of financial measures taken against the energy crisis in European countries amounted to approximately €800 billion.
Brussels-based think tank Bruegel’s study titled “National fiscal policy responses to the energy crisis” has been published.
Accordingly, the rise in wholesale energy prices prompted governments in European countries to take measures to protect consumers from the direct impact of rising prices.
In this framework, a total of €792 billion was allocated to protect consumers from rising energy costs during the period of September 2021-January 2023, when the energy crisis began across European countries.
With a total of €268.1 billion, Germany has become the country that allocates the most resources to the energy crisis among European countries. Germany was followed by the UK with €103.3 billion, Italy with €99.3 billion, France with €92.1 billion, and Spain with €40.2 billion, Netherlands with €39.2 billion, Austria with €21.5 billion, Denmark with €20.6 billion and Poland with €12.4 billion.
In the ratio of financial measures against the energy crisis to national income, Slovakia took the first place with 9.3%. This country was followed by Germany with 7.5%, Malta with 7.1%, Denmark with 6.1%, Bulgaria with 5.7% and Italy with 5.6%.
Thus, 27 EU member countries allocated €681 billion against the energy crisis.
Luxembourg with €3,765, Denmark with €3 thousand 512, Germany with €3 thousand 221, Austria with €2 thousand 399 and the Netherlands with €2 thousand 227 made the highest resource allocation per capita against the energy crisis in European countries.
Source: AA / Prepared by Irem Yildiz