Europe's spend on energy crisis nears 800B euros

Some of this went to customers as rebate. So it's pump priming money, in effect preventing other funds from having to be spent on fuel cost.

Some of this went to strategic reserves filling reservoirs and will come back as its drawn down, albeit at a loss: bought marginal price sold cheaper.

Europe is $16.5t economy. This is just shy of 5% of the overall economy and I would suggest 2% or less will turn out to be direct to supply.

Economically speaking what would the cost of depressed consumption, job losses, export income if they hadn't done this?

Wonder how much of that is going straight into energy execs pockets, never to be seen again.