Europe spends big to stem inflation

Eurozone governments are committing more than €280 billion to help households and industry cope with the energy and cost of living crisis


GOVERNMENT RELIEF SPENDING (bn of euros, %GDP)

Germany 	95.0 (2.6%)
France 		67.0 (2.7%)
Italy 		52.0 (2.9%)
Spain 		30.0 (2.5%)
Greece 		10.0 (5.5%)
Netherlands 	6.0 (0.7%)
Austria 	6.0 (1.5%)
Belgium 	4.1 (0.8%)
Portugal	4.0 (1.9%)
Lithuania   	2.0 (3.6%) 
Finland   	1.9 (0.8%)
Ireland   	1.0 (0.4%) 
Slovakia   	1.0 (1.0%) 
Luxembourg   	0.8 (1.1%)
Latvia   	0.5 (1.5%) 
Slovenia   	0.3 (0.6%) 
Estonia   	0.2 (0.7%) 
Malta   	0.2 (1.4%)
Cyprus   	0.1 (0.4%)

Eurozone: 282.1 (2.3%)

 
EUROPEAN ENERGY BILLS
  
Electricity 
Gas 

40 euro cents/kWh
30		35.9
20 22.5		16.8
10  8.2
0 	
2020 	2021 	2022
Russia invades Ukraine


Sources: Reuters, Bloomberg
© GRAPHIC NEWS