Looking forward, efforts should be made to increasingly target measures on vulnerable households to keep public finances in check, while at the same time setting the right incentives for reducing the use of fossil energy and dependence on Russian energy.
Moreover, a successful implementation of the investment and reform plans under the Next Generation EU programme would accelerate the energy and green transitions, enhancing long-term growth and resilience. The impact of the war on the European financial sector Let me now turn to the impact of the war on the financial sector.