IMF criticises EU governments for ignoring energy subsidy warnings

the imf has criticised eu governments for ignoring its warnings on energy subsidies. the fund says countries should have targeted support at the most vulnerable instead of using expensive blanket measures. the critique comes after several eu states spent heavily on broad subsidies to cushion households from high energy prices, rather than means-tested programs. the imf had previously advised against such untargeted approaches, warning they would strain public finances.