EU Commission calls for stop of energy subsidies

The Commission is calling on all member states to phase out national energy relief measures, such as the electricity and gas price brakes in Germany, by the end of the year. Commenting on the „European Semester,“ Commission Vice President Valdis Dombrovskis said it was time to „focus on prudent fiscal policies.“ If a renewed rise in energy prices makes support measures necessary, these should be targeted at protecting financially weaker households and companies, be sustainable for public finances and be given incentives to save energy.