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Germany Set to Announce Aid Package of About €40 Billion
German Chancellor Olaf Scholz’s coalition has sealed a relief plan worth about 40 billion euros ($40 billion) to help millions of households cope with soaring electricity prices amid Europe’s harshest energy crunch in decades, a person familiar with the matter said. The federal government’s consumer relief funding is set to cover the balance of 2022 and 2023, and the overall package will be even bigger because of contributions from regional governments, the person said. A government spokesperson couldn’t immediately be reached to comment. The government said earlier Sunday that it will provide details on the ... (full story)
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