Amid protests, Europe limited in curbing high energy prices

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Amid protests, Europe limited in curbing high energy prices
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European governments are slashing fuel taxes and doling out tens of billions to help consumers, truckers, farmers and others cope with spiking energy prices made worse by Russia’s war in Ukraine. Some whose livelihoods hinge on fuel say it’s not enough.

last month. That’s because “rising energy prices are due to fundamental shifts in energy markets,” Cornago said.

Collateral damage included a Paris gig by British hard rock group Royal Blood. The band tweeted the cancellation of its show Monday night because its gear was stuck at a service station near Paris and “the protesters will not allow the trucks to leave.” With the country’s logistics in disarray from the trucker protests, Spain’s national fishing federation said members can’t even move their catch from the ports to the markets further inland.

Their actions come even as governments have spent billions to help businesses and households. France last week unveiled a multibillion-euro economic assistance package, including partial subsidies of fuel for fishing boats and trucks over the next four months, and 3 billion euros to help some companies pay soaring gas and electric bills.as utility bills are set to rise 54% in April because of soaring natural gas costs.

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