“Temporary, selective and tailored” responses. These are the three characteristics that the European Commission and the European Central Bank – also the International Monetary Fund – demand from governments when applying measures to alleviate the energy crisis caused by the war in the Middle East. That the blockade of the Strait of Hormuz has already lasted more than two months and does not stop them from this triple demand, to respond. “We must remain alert to guarantee the soundness of public finances,” warned the Commissioner for the Economy, Valdis Dombrovskis, at the end of the meeting of finance ministers of the euro zone, the Eurogroup, this Friday in Cyprus.
