EU Summit LIVE: Bloc on brink of huge row over energy prices – Germany & Spain to clash
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Pedro Sanchez, Spain’s Prime Minister, is leading the charge for EU intervention into energy prices, arguing that rising gas prices are in turn causing electricity prices to soar. However, Germany and the Netherlands are arguing against intervention – stating that when prices are high, there is no silver bullet other than reducing demand or supply. Tensions are running high amid the leaders, and diplomats say Sanchez is threatening to veto the summit conclusions if EU leaders don’t sway towards intervention.
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Bloc on brink of huge row over energy prices – Germany & Spain to clash
Spain and Germany are set to go head-to-head over energy prices on the final day of a two-day EU summit in Brussels, where leaders are meeting to discuss the conflict in Ukraine.
Pedro Sanchez, Spain’s Prime Minister, is leading the charge for EU intervention into energy prices, arguing that rising gas prices are in turn causing electricity prices to soar.
However, Germany and the Netherlands are arguing against intervention – stating that when prices are high, there is no silver bullet other than reducing demand or supply.
Tensions are running high amid the leaders, and diplomats say Sanchez is threatening to veto the summit conclusions if EU leaders don’t sway towards intervention.
Good morning
Good afternoon, I’m Olivia Stringer and I’ll be bringing you all the latest developments on the EU summit, for the next few hours. Please feel free to get in touch with me as I work if you have a story or tips to share! Your thoughts are always welcome.
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