Pedro Sánchez calls for immediate European solution to high cost of electricity

The Spanish president Pedro Sánchez has called for a European solution with immediate measures to protect families and businesses from the high cost of electricity.

On March 19, the president of the Spanish government, Pedro Sánchez, met with the chancellor of Germany, Olaf Scholz. The meeting took place as part of the European tour that the Spanish leader is on in the hope that immediate solutions can be found to the problems related to the electricity market pricing model in the EU.

According to Sánchez, the EU leaders have “a duty and a responsibility” to the citizens, companies and industry of Europe to take urgent steps with “specific and immediate” measures to deal with the Russian invasion of Ukraine and its impact on the economy of the EU.

“In Versailles, we all agreed on the need for an effective and urgent response to the escalation of prices. We want a strong and determined message of collaborative EU action to come out of the leaders’ meeting next week in Brussels,” he said.

Spain has been proposing ways to address this challenge since last September. During the meeting with the German chancellor, President Sánchez presented Chancellor Scholz with proposals that had been drawn up by the Spanish government, and both leaders agreed on the need to diversify Europe’s energy supply as soon as possible in order to move away from Russian dependence.

“Today Europe is united in its response to Putin; united in support for the government and people of Ukraine; united in responding to the economic and social consequences of the war on EU territory. We stood together in our response to the pandemic and we will stand together to protect our citizens and our businesses. That is why it is essential that we come up with a collaborative response to energy prices,” said Sánchez.

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