Tax cuts, handouts and blind hope: Europe finds few tools to fight a coming energy crisis — Live Feedhttps://www.live-feeds.com/feed/tax-cuts-handouts-and-blind-hope-europe-finds-few-tools-to-fight-a-coming-energy-crisisContinuously updated, source-cited coverage. EU relies on tax cuts and subsidies as winter energy risks risehttps://www.live-feeds.com/feed/tax-cuts-handouts-and-blind-hope-europe-finds-few-tools-to-fight-a-coming-energy-crisishttps://www.live-feeds.com/feed/tax-cuts-handouts-and-blind-hope-europe-finds-few-tools-to-fight-a-coming-energy-crisis#u103362Mon, 05 Oct 2026 17:31:30 +0000European Union nations are utilizing tax breaks and handouts to protect consumers from surging energy costs ahead of winter. While a top EU energy leader warns of a painful season, they maintain that total energy shortages are not expected. The EU has spent 17.9 billion euros in 2026 to mitigate price jumps, though overall gas storage sits at approximately 70 percent, below the typical 86 percent level. These measures follow more than 113 billion dollars in extra energy spending since the start of the Iran war.Why it mattersConflict in the Middle East and Ukraine continues to drive energy pric