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EU industry chief says will review €200 billion German package

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The European Commission will examine Germany's €200 billion ($196bn) plan for protecting households and businesses from rising energy prices, EU industry chief Thierry Breton (pictured) said on Friday (30 September).

The German plan includes a price freeze and a reduction in the sales tax on fuel. This was in response to rising gas and electricity prices, which Moscow blames on Western sanctions after its February invasion of Ukraine.

Breton tweeted: "I have taken note of Germany's €200bn plan to combat energy-price rises - which we will carefully examine."

He demanded vigilance in order to protect the level playing field within the 27-country bloc, and suggested that other EU countries might need assistance to address the energy crisis.

Breton tweeted: "While Germany can borrow €200bn on financial markets, we must urgently reflect on how we can offer member states, which don't have the fiscal space for manoeuvre, the possibility of supporting their businesses and industries."

($1 = €1.0202)

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