BERLIN – Germany will spend 83.3 billion euros ($83 billion), or 42% of a significant safety scheme launched final month, to finance a cap on gasoline and energy costs in 2023 in a bid to guard Europe’s prime economic system, in keeping with a draft proposal seen by Reuters.
The figures present a extra granular breakdown of the 200 billion euro protect the German authorities has drawn up by way of its financial stabilisation fund to ease the burden on households and trade within the wake of rising power prices.
($1 = 1.0040 euros)
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