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Germany will borrow nearly $200 billion to cap consumers' energy bills | Haiti Gazette

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The content originally appeared on: CNN London CNN Business - The German government announced plans to borrow EUR200 billion ($195 billion) to cap natural gasprices for households and businesses. That's a bigger price tag than the ?150 billion ($165 billion) the UK government is expected to borrow to finance its own price cap. Germany, Europe's biggest economy, is trying to cope with surging gas and electricity costs caused largely by a collapse in Russian gas supplies to Europe. Moscow has […]

Source: Haiti News - Daily News from Haiti

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