By Anna Ellis •
Updated: 04 Sep 2022 • 15:51
Gas prices Image: Sergey Neanderthalec/Shutterstock.com
Scholz presented a document with new measures to tackle inflation according to 20 Minutos on Sunday, September 4.
The German government says the “partial” withholding of these profits will create “a financial cushion that should be used to alleviate the burden on consumers in Europe” of soaring energy prices.
“There are producers who simply take advantage of high gas prices, which then determine the price of electricity,” the chancellor added at a press conference.
Olaf Scholz surmised that Russia is not a “reliable energy supplier” after announcing that a new aid package of more than €65 billion had been agreed to alleviate the energy crisis.
The German chancellor stressed that “Putin’s Russia has not been honouring the contract” for energy supplies for some time. “The trigger for this very difficult situation is Russia’s invasion of Ukraine,” he said, adding that despite everything, they will be able to overcome the winter.
“It’s about leading our country safely through this crisis,” Scholz explained, adding that in view of citizens’ concerns about rising electricity prices, they are taking the situation “seriously.”
Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Originally from Derbyshire, Anna has lived in the middle of nowhere on the Costa Blanca for 19 years. She is passionate about her animal family including four dogs and four horses, musicals and cooking.
Download our media pack in either English or Spanish.