EU seeks ways out of its energy and inflation crisis | DW News

A big week for EU economic affairs: After the European Central Bank (ECB) announced an unprecedented rate hike yesterday, EU economic and finance ministers are gathering in Prague for an informal meeting. At the top of the agenda: the looming recession caused by high energy prices, and record-high inflation in Europe. Finance ministers will also be discussing financial support for war-torn Ukraine. German Finance Minister Christian Lindner announced he wants to push for the oil price cap agreed on by G7 countries.
This meeting comes after Russia's president Vladimir Putin threatened to stop exports altogether if Brussels introduces its proposed price cap on Russian gas imports. He branded Europe's claim he was using energy exports as a weapon "nonsense". Instead, he's looking to Asian nations for comfort.

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[NicholasBall]

Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. <It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[winstonalf]

I don't understand why everyone acts so surprised. They walked into it with open eyes in the day light.

[martamelo]

OMG one thing is for sure: governments are really not thinking about their citizens. This is so bad.

[janpaderewski]

If anything needs to be capped, it's these unelected EU officials.

[diegofernando]

The EU acts like a colony of the US. Shamefull.

[speedbird]

EU is not going through a crisis of energy and inflation, but is going through a “crisis of common sense”.

[adeyanjuadebiyi]

I understand how the EU and G7 think.
Can you cap the price of resources you do not have?.... EU and G7 lack ideas.

[lillymasokku]

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[leiwang]

When EU started to follow USA and UK’s policy on Russia and Ukraine war, I said EU will be the second biggest loser after Ukraine, European YT user did not understand why, I think now they know.
Trillions dollars wealth out flowing to USA, and on top of that EU spending even more to import energy, weapon and foods from USA.
Anglo is the biggest winner.

[frontseated]

I want to push for a price cap on iPhones. It's ridiculous that they charge $1, 200 when it cost only $600 to produce an iPhone. I'm happy with a price cap of $700.

[moshoodbakare]

I'm confused. On one hand, the EU brags about how its gas storage is 80-something % full and how they don't need Russian gas for winter. And on another, they talk about having an energy and inflation crisis. What if they impose a price cap on inflation? Won't that work?

[priyantha]

If only EU was a bit more insightful before letting NATO eastward expansion, the world would have been much better today .

[torrokasparov]

This rediculous Price cap suggestion (wich will not work) will not help European industries to operate or even survive, and will not reduce the price of gas or oil, not to mention a very likely food supply crisis.

[quagmire]

This price cap will be final nail in coffin for Europe.,

[blackafricanman]

Europe has to grow out of the mindset Europe problem are the world's problem but the world's problem are not Europe's problems

[alfredmumba]

and the solution is just peace ✌ disarming ukraine 🇺🇦 and making it neutral

[wingchanger]

The Glory of the EU without Russian gas
Is sadly to say = to 0

[TorMax]

Next time I go to the grocery store, I will impose a self-made-up price cap on the goods they sell. I decide the price, not they. See how that works...

[drmorcoch]

According to Reuters that price cap plan had been dropped due to failure to get enough support. 😄 <- ...

[uvikir]

Ffs! ! You created this crisis with your own hands!