“IMF tells Europe to let consumers bear the brunt of higher bills to encourage energy saving”
August 4, 2022
“The International Monetary Fund warned European governments against intervening in the region’s worsening energy crisis with broad-based financial support, saying instead that consumers should bear the brunt of higher prices to encourage energy saving and aid the wider shift to green power.
The IMF on Wednesday said governments should strive to protect the most vulnerable households with targeted support, but noted that existing policies aimed at cushioning all consumers from rising costs would dent European economies — many already on the verge of a recession — and deter the energy transition…”
So let me get this straight. A bunch of rich people are telling people who have less they should suffer. Why am I not surprised? Where’s a bigger question. Why is the IMF telling Europe what to do? Isn’t that for Europeans in their respective countries to decide?