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Energy

IMF Warns Two-Thirds of EU Energy Subsidies Are Untargeted and Already Cost 0.18% of GDP — Alfred Kammer Says the Permanent-Fiscal-Burden Trap Is Closing on Lisbon as ISP Discount Climbs Again

IMF Warns Two-Thirds of EU Energy Subsidies Are Untargeted and Already Cost 0.18% of GDP — Alfred Kammer Says the Permanent-Fiscal-Burden Trap Is Closing on Lisbon as ISP Discount Climbs Again

IMF's Alfred Kammer warns two-thirds of EU energy subsidies are untargeted and already cost 0.18% of GDP — landing the same weekend Lisbon lifted its ISP fuel-tax discount to €75.48/1,000L diesel and €51.97 gasoline. Permanent-fiscal-burden trap closing on the eurozone.
The Portugal Brief
Stellantis Hands Leapmotor a Spot on the Zaragoza Line — Chinese-Designed B05 Joins the Opel Corsa and Peugeot 208 at €24,500 in Portugal, Wiping the 38.1% Tariff and Undercutting the Peugeot E-308 by Ten Thousand Euros

Stellantis Hands Leapmotor a Spot on the Zaragoza Line — Chinese-Designed B05 Joins the Opel Corsa and Peugeot 208 at €24,500 in Portugal, Wiping the 38.1% Tariff and Undercutting the Peugeot E-308 by Ten Thousand Euros

Leapmotor B05 will be built at the Stellantis Zaragoza plant alongside the Opel Corsa and Peugeot 208, wiping the 38.1% Chinese-import duty and landing in Portuguese dealerships at €24,500 — about €10,000 below the Peugeot E-308 it shares the floor with.
The Portugal Brief
Brussels Refers Portugal to the Court of Justice for Failing to Transpose the RED III Renewables Directive — Lisbon Joins Athens and Valletta on the Defendants' Bench Almost a Year Past the 21 May 2025 Deadline

Brussels Refers Portugal to the Court of Justice for Failing to Transpose the RED III Renewables Directive — Lisbon Joins Athens and Valletta on the Defendants' Bench Almost a Year Past the 21 May 2025 Deadline

EC referred Portugal, Greece and Malta to the CJEU on Wednesday for failing to transpose RED III by the 21 May 2025 deadline. Lisbon faces Article-260(3) TFEU lump-sum and daily penalty exposure as the renewables-licensing reform sits stuck inside the Assembleia mid-July PRR recess deadline.
The Portugal Brief
Government Lifts the ISP Fuel-Tax Discount Again Ahead of Monday's Pump-Price Reset — Diesel Support Climbs to €75.48 per 1,000 Litres and Gasoline to €51.97 as ANAREC Forecasts +10 Cents/L Diesel and +6.5 Cents/L Gasoline

Government Lifts the ISP Fuel-Tax Discount Again Ahead of Monday's Pump-Price Reset — Diesel Support Climbs to €75.48 per 1,000 Litres and Gasoline to €51.97 as ANAREC Forecasts +10 Cents/L Diesel and +6.5 Cents/L Gasoline

Finance Ministry lifted the weekly ISP discount Saturday — diesel support to €75.48 per 1,000 litres, gasoline to €51.97 — narrowing Monday's ANAREC pump-rise forecast of +10 c/L diesel and +6.5 c/L gasoline. Cumulative climb from March now runs near 42 c diesel, 28 c gasoline.
The Portugal Brief