President Lagarde warns against ‘hasty action’

Frankfurt, Berlin ECB President Christine Lagarde has warned against hasty rate hikes. “If we act hastily now, the recovery of our economies could be significantly worse and jobs would be at risk,” Lagarde told the “Redaktionsnetzwerk Deutschland”. However, the European Central Bank (ECB) is taking preparatory steps. The pandemic emergency bond purchase program will end … Read more

Merz is in favor of lower fuel taxes

Friedrich Merz, CDU party chairman The Saarlander spoke out in favor of raising the minimum wage. (Foto: imago images/photothek) Berlin CDU leader Friedrich Merz is campaigning for a reduction in fuel taxes in view of the sharp rise in energy prices. “The new federal government could curb the massive increase in energy costs by reducing state … Read more

UK government holds press conference on rising energy prices to announce government compensation scheme – Xinhua English.news.cn

Summary [The British government held a press conference to announce the government compensation plan for rising energy prices]On February 3, local time, the British government announced that from April, the price of living energy used by households in England, Wales and Scotland will increase by up to 54%. British Chancellor of the Exchequer Sunak then … Read more

Rising energy prices: Federal government is examining loopholes

electricity meter Economics Minister Habeck wants to regulate low-cost providers more strictly. (Photo: dpa) Berlin Not only the energy turnaround will occupy the new federal government in the next few months – the chaos on the electricity market will add to that. Some energy discounters stop their deliveries, customers are sometimes confronted with high surcharges … Read more

Consumer protection minister promises help with electricity prices

Steffi Lemke The federal government will further reduce the charges on the electricity price, said the consumer protection minister. (Foto: Getty Images) Berlin Consumer Protection Minister Steffi Lemke has criticized the termination of contracts by some low-cost providers of electricity and gas as “partly completely unlawful”. “If individual electricity providers now charge more than 70 or … Read more