More than 250,000 million against inflation

“Thanks to this decree – and the previous one – we have stopped the rise in prices by 3.5 points. Were it not for these measures that we have taken, we would be talking about up to 15% increase, The state has left 15,000 million euros between expenses and tax cuts. This is more than one point of the country’s GDP. It was a reflection of the government’s decision after President Pedro Sanchez announced his second anti-crisis package last June. Similar measures across Europe, the economic cost of which varied greatly from region to region. For instance, There is a gap of more than 40,000 million in spending between the UK and Portugal to combat the unprecedented rise in prices,

However, these comparisons can be misleading considering the large differences in GDP and population between these regions. The total amount deployed by European countries is close to 250 billion euros, Some figures that show the importance of the current crisis that we are experiencing and, at the same time, the erosion of the accounts of each State, which they see as the inflationary effect – which has always benefited all the territories – disappear with the adversary. Here is the crisis package.

Lithuanian Finance Minister Vilías Kapoka assures La Informacion that “the studies conducted by our experts suggest that the average annual inflation in Lithuania will reach 15.8%, Therefore, the package of measures is focused on maintaining the purchasing power of the population. Overall, Lithuania allocated more than €3.2 billion To mitigate the effects of rising prices. Apoka says that “Our strategy is based on increasing people’s income (increase in wages, pensions, minimum wage) to maintain their purchasing power. This resulted in a 15% increase in the incomes of low-income people. On the other hand, about half of this plan comes from European funds and more and more investments in energy efficiency, ecological transformation and the use of renewable sources.

“Almost half of Lithuania’s anti-inflation plan comes from EU funds”

the government of Austria Karl Nehmer mobilized 32 billion Euro in inflation-fighting measures, which he divided into three packagesAmong the myriad of measures, mention should be made of subsidies for vulnerable groups (180 euros in aid per child), lower transport prices, a 90% reduction in specific energy tariffs (gas and electricity), fuel reduction, liquidity support. Deployment of companies or investments in wind and solar projects. In addition, in the fall, all Austrian adults will receive a scholarship of 500 euros.

Austrian Finance Minister Magnus Brunner said that “many people are worried about rising costs and we take this very seriously. This is why at the beginning of the year we set up two packages 4,000 million euros and now we add Third package of anti-tax measures – which provides 28,000 millions Euros of financial aid”.

“All Austrian adults will receive a scholarship of 500 euros in the fall”

In GermanyChancellor Olaf Scholz has rolled out an anti-crisis package for this year which reaches 30 billion Why the euro? “We are closely monitoring the rise in prices and its effects on our economy. To do this, we have approved a series of specific measures to help households and businesses included in our aid package of March 23, 2023. Granted,” he told the German economy ministry. much more than the budget Dutch“Our calculations predict that the shock plane will converge towards 7 billions euro this year”, add sources at the Ministry of Finance, who specify that “in September, we will announce more measures for 2023”.

Europe’s “anti-crisis package”: 250 billion to fight inflation.
jesus from hell 2022

Mario Draghi, former ECB banker and still Prime Minister of Italy, was the one that raised the most capital to fight inflation, In fact, just two days ago the Italian parliament approved a new package of measures worth 17,000 million euros. The amount added is close to 47,000 million euros. a record number in Europe, Despite this, Draghi said: “We are ready to take additional measures if necessary.” Two countries are approaching this unprecedented movement of resources from Italy: France (with 43,000 million) and UKWhose Treasury Secretary Rishi Sunak recorded a total cost of 43 billion euros a few days ago.

Faced with these “macro-amounts” of capital raised, have anti-shock plans Portugal (with an expenditure of ₹1,862 million) and Ireland (with 2.4 billion). finally the government GreekExplain what the money is for. 8.5 billion euros To counter rising prices. “We are spending 6,300 million for intervention measures in the energy sector, 650 million in line with tax cuts, 600 million for measures in the fuel sector, 390 million for support measures for most vulnerable groups and additional expenses for entities. 500 million for public administration”.

Mary I. Bruner