Italy’s central bank governor Ignaz Uvesco has warned of an increase in the country’s budget deficit due to rising energy prices.
Uvesco stressed in his statements “the need for his country’s officials to strive not to burden the costs of the energy crisis on future generations by deciding to issue new debt”, noting that “these costs must be reallocated and mitigated for the most vulnerable segments of the population.” companies and families.
The Italian Federation of Craftsmen, Small and Micro Enterprises warned yesterday that “the increase in energy prices, which threatens more than 881,000 companies in the small business sector, is employing some 3.529 million people across the country”, explaining that it “analyzed the impact of the increase.” Crazy gas and electricity prices in 43 sectors.
Various European countries are facing serious challenges due to the high cost of energy imports, especially since the impact of this issue has affected both large and small economic institutions.
It is noteworthy that European governments have allocated about 280 billion euros to finance measures to mitigate the impact of the energy crisis on consumers and companies, due to a rise in energy prices on the continent ten times compared to the past five years. due to the lack of natural gas supplies from Russia, which led to significant damage to economic activity in the regional bloc.
Source: El Iktisad
