Europe's leaders prepare citizens for winter sacrifices: 'End of abundance'

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Soaring energy bills in Europe are expected to have a profound impact on household poverty and people's purchasing power.

Also on Wednesday, Germany announced plans to save energy this winter by dimming street lights in its cities and towns and keeping public buildings cooler than they'd normally be during the winter.

From September 1, public buildings in Germany, with the exception of hospitals, will be heated to a maximum of 19 degrees Celsius , while heating could be turned off entirely in corridors and foyers. The government hopes the move will reduce gas usage by 2 percent and save households, companies and the public sector $10.7 billion over the next two years.

Governments in Europe are stepping up to help their citizens pay their energy bills, offering one-time payments and tax rebates. But the impact of the energy crisis and the standoff with Russia is expected to impact Europe for much longer than just one winter: in August, Belgian Prime Minister Alexander De Croo warned that Europe could face up to 10 difficult winters.

"We are monitoring the situation closely, but we have to be clear: the next few months will be difficult, the next few winters will be difficult. We have to get out of there. Hoping for the best and preparing for the worst. And if the situation ultimately turns out to be better than expected, it would still have been beneficial to have been prepared," he said during a speech in Bruges.

 

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