After a hot European summer of energy wars, autumn brought continental relief rather than fear. European governments saw the crisis as a significant threat and most cushioned the blow for households and companies, with plans to spend about 3 per cent of national income on energy subsidies, according to think-tank Bruegel. More importantly, according to economics professor Ben Moll of the London School of Economics, evidence emerged that higher prices were encouraging households and companies to cut their gas consumption … read more »
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