Price caps and freezes, business aid, energy imports… the list of bills is growing to tackle the energy crisis. This is the case in Germany where the government announced this Sunday, September 4 a massive aid plan to resist soaring prices.
Sixty-five billion euros for the purchasing power of German households and for businesses. Among these aids, a check paid to students and pensioners as well as an increase in the housing allowance The concern is enormous in Germany where the Central Bank expects inflation of 10% by the end of the year.
Italy, particularly dependent on Russian gas, has signed new contracts in recent months with Congo, Angola, Qatar and Algeria. The cost of Italy’s energy imports will approach 100 billion euros this year, more than double last year.
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“Avoid a financial crisis”
Announcement in the last 24 hours also from Sweden which will provide financial guarantees to energy companies in the Nordic and Baltic countries. The closure of Nord Stream 1 should lead to higher production prices for electricity companies. Several billion euros are on the table for, according to the Swedish Prime Minister, ” avoid a financial crisis “.
And then in France, the cost of the energy shield was estimated at 24 billion euros. Among the measures taken by Paris, the ceiling at 4% of the increase in electricity prices and the freezing of gas prices.
► To read also: Gas: by tightening the tap, Russia and Gazprom put pressure on European solidarity