EU Considers More Action To Tame Energy Prices, Fix Liquidity Squeeze
The European Commission is working on more measures to tame sky-high gas prices and support energy firms facing a liquidity crunch, and may lay out its plans to EU countries next week. The European Union’s executive last week proposed emergency energy measures, including bloc-wide windfall profit levies on energy firms. EU countries are now negotiating the proposals and aim to approve them at a meeting of EU ministers on Sept.30. While those negotiations are happening, the Commission intends to publish an update on Sept.28 on further measures it is exploring, EU officials said.
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