Eurozone Inflation Hits New Record As Energy Costs Spiral Out Of Control Putin Gas In Ukraine War In Russia

The move fueled fears among European leaders that Mr Putin may not resume supplies when the work is completed. However, German Chancellor Olaf Scholz on Wednesday ended a two-day cabinet walkout without securing a plan to reduce rising energy costs. Mr Scholz’s three-party coalition has asked for more time to finalize measures that will ease pressure on both consumers and businesses. “It’s not just about energy security, it’s also about prices,” he said, adding that the goal was “to make sure prices don’t shoot through the roof.” Christian Lindner, Germany’s finance minister, said Berlin has room for further support in the single-digit billion euro range this year. The government has already implemented two aid packages worth more than €30 billion this year. But tensions are rising between coalition members after a failed attempt to pass on higher wholesale gas costs to all consumers. Mr Habeck has pledged to close loopholes in a planned gas levy to ensure only crisis-hit companies can benefit from extra funding. Among the proposals being considered are a price cap on energy bills and a new windfall tax on the profits of energy companies and utilities.

title: “Eurozone Inflation Hits New Record As Energy Costs Spiral Out Of Control Putin Gas In Ukraine War In Russia Klmat” ShowToc: true date: “2022-11-08” author: “Danielle Mitchell”

The move fueled fears among European leaders that Mr Putin may not resume supplies when the work is completed. However, German Chancellor Olaf Scholz on Wednesday ended a two-day cabinet walkout without securing a plan to reduce rising energy costs. Mr Scholz’s three-party coalition has asked for more time to finalize measures that will ease pressure on both consumers and businesses. “It’s not just about energy security, it’s also about prices,” he said, adding that the goal was “to make sure prices don’t shoot through the roof.” Christian Lindner, Germany’s finance minister, said Berlin has room for further support in the single-digit billion euro range this year. The government has already implemented two aid packages worth more than €30 billion this year. But tensions are rising between coalition members after a failed attempt to pass on higher wholesale gas costs to all consumers. Mr Habeck has pledged to close loopholes in a planned gas levy to ensure only crisis-hit companies can benefit from extra funding. Among the proposals being considered are a price cap on energy bills and a new windfall tax on the profits of energy companies and utilities.

title: “Eurozone Inflation Hits New Record As Energy Costs Spiral Out Of Control Putin Gas In Ukraine War In Russia Klmat” ShowToc: true date: “2022-11-15” author: “Matilde Leal”

The move fueled fears among European leaders that Mr Putin may not resume supplies when the work is completed. However, German Chancellor Olaf Scholz on Wednesday ended a two-day cabinet walkout without securing a plan to reduce rising energy costs. Mr Scholz’s three-party coalition has asked for more time to finalize measures that will ease pressure on both consumers and businesses. “It’s not just about energy security, it’s also about prices,” he said, adding that the goal was “to make sure prices don’t shoot through the roof.” Christian Lindner, Germany’s finance minister, said Berlin has room for further support in the single-digit billion euro range this year. The government has already implemented two aid packages worth more than €30 billion this year. But tensions are rising between coalition members after a failed attempt to pass on higher wholesale gas costs to all consumers. Mr Habeck has pledged to close loopholes in a planned gas levy to ensure only crisis-hit companies can benefit from extra funding. Among the proposals being considered are a price cap on energy bills and a new windfall tax on the profits of energy companies and utilities.

title: “Eurozone Inflation Hits New Record As Energy Costs Spiral Out Of Control Putin Gas In Ukraine War In Russia Klmat” ShowToc: true date: “2022-11-22” author: “Nancy Littlefield”

The move fueled fears among European leaders that Mr Putin may not resume supplies when the work is completed. However, German Chancellor Olaf Scholz on Wednesday ended a two-day cabinet walkout without securing a plan to reduce rising energy costs. Mr Scholz’s three-party coalition has asked for more time to finalize measures that will ease pressure on both consumers and businesses. “It’s not just about energy security, it’s also about prices,” he said, adding that the goal was “to make sure prices don’t shoot through the roof.” Christian Lindner, Germany’s finance minister, said Berlin has room for further support in the single-digit billion euro range this year. The government has already implemented two aid packages worth more than €30 billion this year. But tensions are rising between coalition members after a failed attempt to pass on higher wholesale gas costs to all consumers. Mr Habeck has pledged to close loopholes in a planned gas levy to ensure only crisis-hit companies can benefit from extra funding. Among the proposals being considered are a price cap on energy bills and a new windfall tax on the profits of energy companies and utilities.