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Germany's Habeck Calls for Bloc Energy Buying

ENERGY

Europe should coordinate more to make the bloc a single energy buyer, German Economy Minister Robert Habeck said.

  • He also said the US should show more solidarity with European countries that supported its energy suppliers during periods of high prices.
  • The EU "should bundle its market power and orchestrate smart and synchronised buying behaviour by the member states so that they don't compete against each other and drive prices up further," he said.
  • "Some countries, including friendly countries, are raking it in," he said. "The U.S. turned to us when oil prices shot up, and in response national oil reserves were tapped in Europe. That kind of solidarity would be good for cutting gas prices."

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