23 March 2026 Eurozone Monitor Once more unto the fiscal breach, as energy prices soar
19th Mar 2026 11:47EurozoneWeekly Monitor
- EZ governments spent 2.5% of GDP in 2022 and 2023 to offset the hit from rising energy prices.
- Italy and Spain are first out the blocks now, with tax cuts on fuel and electricity to combat higher prices.
- Untargeted fiscal support will make a forceful tightening by the ECB more likely.
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