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EU agrees on a plan to control energy prices European leaders agreed on Friday to a plan of action aimed at tackling rising energy prices for European consumers within two weeks.

European leaders agreed on Friday to a plan of action aimed at tackling rising energy prices for European consumers within two weeks.

 

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According to AFP, the deal came after 11 hours of talks on broad proposals to cut energy bills, while gas prices have skyrocketed because of the war in Ukraine.

Leaders of 27 EU countries gathered in Brussels for a two-day summit to discuss the issue. Its aim was to overcome the differences between all European countries in order to deal with the energy crisis in Europe.

This bloc of 27 member countries had been discussing for a common agreement for several months. Although the announcement of the text of the summit has publicly demonstrated a unity, it is clear that the negotiations ahead will remain difficult.

One phase of this will come next week with a meeting of EU energy ministers in Luxembourg.

European Commission President Ursula van der Leyen told a media conference that the summit’s agreement has set a concrete plan to continue working on the issue of energy prices.

The published text urges the European Commission and EU countries to find ways to protect consumers from inflation in the coming weeks, while safeguarding Europe’s global competitiveness and the integrity of the single market.

European Council President Charles Michel said the energy crisis is a threat to the EU’s internal market and stressed the need for greater coordination to protect it.

At least 15 EU countries, more than half of the bloc, are pushing for a fair price ceiling and have been hit hard by strikes and protests over rising inflation in France, Belgium and other member states.

But the idea of ​​capping prices has been opposed by Germany, the EU’s biggest economy, for fear that gas supplies could shift to more lucrative markets in Asia.

French President Emmanuel Macron said that in the next two or three weeks, the commission will explain how these measures will be implemented.

German Chancellor Olaf Schulz said that good progress has been made.

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