Europe’s $280 Billion Support Package Could Make Energy Crisis Worse

Europe’s multi-billion government packages to support consumers amid soaring energy prices could only intensify inflationary pressures and burn through government finances as efforts to lower energy bills could make the energy crisis even worse, analysts tell Bloomberg. Governments in Europe have so far pledged a combined $279 billion (280 billion euro) to lower energy bills for consumers. But policymakers are not targeting only the most vulnerable and spend a lot on measures that may not turn out to be efficient.  According to Bloomberg,…