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Germany′s Government Agrees On €65 Billion Relief Package

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The German government on Sunday unveiled a new aid package of 65 billion euros for citizens and businesses to cope with rising energy prices and inflation.

Among the various measures, the German government will introduce an electricity price brake for consumers, which will be financed by the “windfall profits” from energy companies.

Other measures included in the third package include extending the energy subsidy of 300 euros in a lump sum to pensioners and 200 euros to students.

Read more...

Euro At 20-year Low, Worth Less Than Dollar

The euro hit a two-decade low against the dollar at $0.9930, stoking fears that the energy shock will keep inflation high and make a...

EU Governments: Recommendations On How To Save Energy

After it was published in the EU's official administrative gazette, the European Union's plan to reduce gas consumption came into force across Europe and...

The price brake would provide private consumers a certain amount of electricity at a reduced price, which would be equivalent to a “basic use” and which would be a relief for households and small and medium-sized enterprises and incentives to save energy, he said.

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