EU considers more action to tame energy prices, fix liquidity squeeze

From zawya.com

The European Commission is working on more measures to tame sky-high gas prices and support energy firms facing a liquidity crunch, and may lay out its plans to EU countries next week. The European Union's executive last week proposed emergency energy measures, including bloc-wide windfall profit levies on energy firms. EU countries are now negotiating the proposals and aim to approve them at a meeting of EU ministers on Sept. 30. While those negotiations are happening, the Commission intends to publish an update on Sept.28 on further measures it is exploring, EU officials said. This plan will not include legal ... (full story)