OPINION

IMF warns EU states against providing subsidies for consumers

THE International Monetary Fund (IMF) warned European governments against intervening in the region's worsening energy crisis with broad-based financial support, saying instead consumers should bear the brunt of higher prices to encourage energy savings and aid the wider shift to green power.

Tim Daiss
IMF warns EU states against providing subsidies for consumers

The IMF said governments should strive to protect the most vulnerable households with targeted support, but noted that existing policies aimed at cushioning all consumers from rising costs would dent European...

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