Tax cuts, handouts and blind hope: Europe finds few tools to fight a coming energy crunch - politico.eu — SkimNews
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- Europe has few effective policy options beyond tax cuts, handouts, and 'blind hope' to confront a coming energy crunch.
- Trump's proposed diesel export ban has sparked fresh fears of further pressure on the bloc, where EU nations have already spent over $113 billion extra on energy since the Iran war began.
Why it matters: After burning through $113 billion in extra energy spending since the Iran war began, European governments have few fiscal levers beyond tax cuts and handouts — and Trump's proposed diesel export ban has sparked fresh fears of further supply pressure on the bloc.
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