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Home News Foreign exchange Information Germany, Netherlands Suggest EU-Vast Plan To Curb Fuel Costs | Forexlive

Foreign exchange Information Germany, Netherlands Suggest EU-Vast Plan To Curb Fuel Costs | Forexlive

by Matthieu MABIN
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forex-news-germany,-netherlands-propose-eu-wide-plan-to-curb-gas-prices-|-forexlive

Ryan Paisey - WatanNews

Ryan Paisey

Wednesday, 12/10/2022 | 08:53 GMT-0

12/10/2022 | 08:53 GMT-0

Germany and the Netherlands have proposed a package deal of 10 measures that the European Union might use to curb fuel costs and keep away from gas rationing, together with trying into setting a brand new benchmark worth for liquefied pure fuel.

The plan, seen by Reuters and shared with different EU international locations earlier than the bloc’s power ministers meet on Wednesday, requires the EU to kickstart joint fuel shopping for, to keep away from one nation outbidding one other and driving costs larger.

The doc, first reported by Bloomberg, as an alternative really useful that the EU ought to launch negotiations with non-Russian suppliers like america, Algeria and Norway, to try to deliver down costs.

Full Reuters Note

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