Ursula von der Leyen

Europe Scrambles for Tools as Energy Shock Deepens and Winter Nears

European governments are reaching for tax cuts, consumer handouts and emergency market interventions as they confront a worsening energy squeeze with few durable options left. With diesel prices rising, storage concerns mounting and geopolitical shocks still reverberating, officials warn the continent may avoid outright shortages but not a painful winter of higher bills and economic strain.