Spain and Portugal given approval by EU to lower the cost of energy

Approval to act independently of the EU has been granted to Spain and Portugal to lower the cost of energy

After a marathon meeting of the leaders from the 27 states of the European Union today, Friday, March 25, Spain and Portugal were given the approval by the European Commission to lower the cost of energy.

After the meeting, Spain’s President Sanchez, and Antonio Costa, the Portuguese Prime Minister, appeared jointly before the press to claim victory. A ten-hour meeting concluded with the 27 reaching an agreement for joint gas purchases between European countries. This action gives greater negotiating power with third countries.

Madrid and Lisbon though were granted differentiated treatment by the president herself, Ursula von der Leyen, to go ahead and operate independently from the rest of the EU.