European Commission Issues Fiscal Warning on Energy Crisis Measures (eco.sapo.pt)

• EC warns against inflationary fiscal support
• Pressure to maintain deficit targets amid energy volatility
• Deep concern over oil and diesel price spikes

"The European Commission has signaled that national fiscal responses to the energy crisis, triggered by Middle East instability, must avoid exacerbating inflation or widening budgetary deficits. Brussels expressed concern over volatile oil and diesel prices, stressing that state interventions should not undermine the Stability and Growth Pact or trigger further inflationary pressure across the Eurozone."