BRUSSELS: The European Union's executive branch advised the 27 EU member countries Wednesday to adopt tax cuts, state aid and other measures to help households and businesses weather the impact of high energy prices that have fueled a renewed debate on the use of nuclear power.
After months of economic instability linked to the Coronavirus pandemic, the European Commission wants a rapid and joint response to mitigate the effects of the price hikes, especially for people living in poverty or on low incomes.
Rising global energy prices are a serious concern for the EU. As we emerge from the pandemic and begin our economic recovery, it is important to protect vulnerable consumers and support European companies, EU Energy Commissioner Kadri Simson said.
This story is from the October 14, 2021 edition of Millennium Post Delhi.
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This story is from the October 14, 2021 edition of Millennium Post Delhi.
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