Stock Groups

Germany unveils energy relief package -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The moon rises while electricians climb atop the power pole that is near Neurath, Germany’s energy supplier and utility RWE. This power pole is located near Rommerskirchen, north-west Cologne. February 5, 2020. REUTERS/Wolfgang Rattay

BERLIN, (Reuters) – Germany’s ruling coalition revealed on Thursday a set of measures that will help families cope with the rising costs of energy due to Russia’s invasion Ukraine. It includes a petrol subsidy and diesel subsidy for commuters.

It is not possible to determine the exact amount of this package which includes tax reductions for families and workers as well as diversifying energy imports. This was stated by Christian Lindner, Finance Minister.

However, he said that it should not exceed the first tax relief package recently approved and costing approximately 13 billion Euros ($14.28 Billion).

($1 = 0.9104 euros)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]