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European Governments Are Doling Out Cash to Quell Energy Ire

  • Germany approved an initial aid package and is debating more
  • France plans measures aimed at hard-hit sectors like farming
A power station in Lippendorf, Germany.

A power station in Lippendorf, Germany.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

European governments are looking to take the sting out of rising prices for energy and other goods to retain voter support for sanctions against Russia for its invasion of Ukraine.

Germany’s cabinet on Wednesday approved a measure to provide 4.5 billion euros ($5 billion) in tax relief for consumers and is debating further aid. France’s Prime Minister Jean Castex introduced fresh measures to help the economy cope with rising energy and raw-material prices, including grants for energy-intensive companies estimated to cost around 3 billion euros, and an extension of state-guaranteed lending.