EU must relax criteria for energy aid, suggests German government paper

BERLIN, March 1 (Reuters) - The German government is urging the European Union to loosen its criteria for giving energy aid to companies, according to a position paper for the European Commission seen by Reuters on Wednesday.

The position paper suggests amending several aspects of the EU's Temporary Crisis Framework (TCTF).

"Particularly for energy-intensive basic industries, which have been particularly affected by the sharp rise in natural gas and electricity prices, the TCTF's support options in their current form are not sufficient to cushion the impact of the energy crisis," the paper says. (Reporting by Markus Wacket, Writing by Friederike Heine, Editing by Matthias Williams)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

EU must relax criteria for energy aid, suggests German government paper

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout