The German government today also approved lower gas and electricity prices as part of a broader plan to support German families and businesses.
The governments of Germany and France signed today in Berlin an agreement on “mutual support” in the energy sector to always guarantee supplies in the face of current difficulties. This was stated by the German Chancellor at a press conference in Berlin. Olaf Scholzand French Prime Minister Elizabeth Born. The signing comes at a time when EU countries are struggling to determine a common roof line on gas price paid to Russia and on a common energy crisis management policy Germany is one of the countries most opposed to the ceiling, and today’s agreement risks igniting controversy over the risk of a split within Europe, with implications in terms of competitive advantages or disadvantages. Today the German government approved reduction in gas and electricity prices, as part of a broader plan to support German families and businesses.
The deal was concluded between 40 European trade associations, including Italian Confindustria, they call for “revolutionary energy emergency measures.” effective policy aimed at increasing competitiveness, growth and employment. Business circles call on Europe “focus urgently on the current energy crisiswhich seriously exacerbates the risk of deindustrialization at the European level. According to entrepreneurs, first of all, we need to prevent the forces of discord and individualism from undermining solidarity, one of the fundamental values of the European Union”. “The survival of European industry is clearly at risk: there are signs of a relocation of production, and there are fears that thousands of companies, especially SMEs, will close in the future,” warns the federation of industrialists BusinessEurope.
France, traditionally a net energy exporter, solving problems with the fleet of nuclear power plants which in normal times provide 70% of the energy consumed by the country. Last year Thus, for the first time, Paris was forced to import electricity. The Élysée has requested that repairs and maintenance to some of the idle reactors be completed by January next year. but it is unlikely that the deadlines will be met. Huge costs for the maintenance and modernization of factories (at least 50 billion euros) led to the fact that the government completely nationalized colossus Edf, in which he already held a majority stake in order to guarantee the necessary resources. Unlike France, Germany it is a country that has hitherto been heavily dependent on gas (especially Russian), from which it receives just under 30% of its electricity consumption. Thus, it is one of the states most directly affected by the halt in flows from Moscow and the surge in prices caused by the war in Ukraine.
Source: II Fatto Quotidiano