Sunday, September 4, 2022

Germany announces €65bn package to curb soaring energy costs - BBC News

Germany has announced a €65bn (£56.2bn) package of measures to ease the threat of rising energy costs, as Europe struggles with scarce supplies after Russia's invasion of Ukraine.

The package, much bigger than two previous ones, will include one-off payments to the most vulnerable and tax breaks to energy-intensive businesses.

Energy prices have soared since the February invasion, and Europe is trying to wean itself off Russian energy.

Ukraine has urged Europe to stand firm.

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