THE DARK SIDE OF ENERGY CRISIS SUBSIDIES

Maria Negreponti-Delivanis

Romanian Distribution Committee Magazine, 2023, vol. 14, issue 1, 37-39

Abstract: Europe is whirling in a lasting energy crisis. For the moment, some positive developments, as well as the adoption of measures aimed at limiting the negative effects of the energy crisis, give the false impression that this is an adventure which, although unpleasant, will nevertheless be limited time. Unfortunately, not only is the energy crisis not ending, but on the contrary, it is causing a series of serious upheavals for Europe. We focus in this article on the effects that are expected to result from spending the sums of money that have already been allocated within the EU in the form of subsidies to deal with fierce energy prices. In particular, for Greece, a member of the EU and the euro zone, the choice of the EU should cost it, according to the estimates of the Bruegel research center, 3 to 6 points of increase in its debt. Determining criteria is always a challenge, including in the case of energy subsidies in the EU.

Keywords: Energy crisis; Inflation; Subsidies (search for similar items in EconPapers)
JEL-codes: B22 B27 D63 E31 H12 L71 (search for similar items in EconPapers)
Date: 2023
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