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Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices

Started by Epoch-Times-Bot, Sep 30, 2022, 01:30 PM

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Epoch-Times-Bot

Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices

BERLIN—German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) “defensive shield,” including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices.
Europe’s biggest economy is trying to cope with surging gas and electricity costs caused largely by a collapse in Russian gas supplies to Europe, which Moscow has blamed on Western sanctions following its invasion of Ukraine in February.
“Prices have to come down, so the government will do everything it can. To this end, we are setting up a large defensive shield,” said Scholz....

Source: Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices

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