German Panel Outlines Plan To Distribute €200 Billion In Subsidies ...Middle East

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German Panel Outlines Plan To Distribute €200 Billion In Subsidies
source : OILPRICE ( Middle East ) () 29
A German government-appointed expert panel on Monday proposed a two-stage system for distributing some of the up to €200 billion in subsidies Germany recently announced to ease the strain of high energy prices, a plan that the group said would still encourage people to save gas, but will merely subsidize even more gas purchases and in a supply-constrained environment, lead to even higher inflation (especially when paired with Russian "price caps"). According to AP, the panel suggested that the state take on the cost of natural gas customers'…

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