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MNI: German Opposition To Gas Price Cap Under Fire-Officials

(MNI) Brussels

Germany's EUR200 billion package to counter soaring energy prices is prompting other states to seek concessions on price caps.

Germany will come under pressure at today’s Prague summit from other European Union states angered by its EUR200 billion energy package to soften its opposition to the bloc’s proposed gas import price cap, EU officials said.

Irish Prime Minister Micheal Martin told reporters that in talks so far there was a “general view that there should be a more cooperative or collective approach” on the part of EU states, Germany included, to tackling the rise in gas prices.

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Germany will come under pressure at today’s Prague summit from other European Union states angered by its EUR200 billion energy package to soften its opposition to the bloc’s proposed gas import price cap, EU officials said.

Irish Prime Minister Micheal Martin told reporters that in talks so far there was a “general view that there should be a more cooperative or collective approach” on the part of EU states, Germany included, to tackling the rise in gas prices.

Keep reading...Show less