German govt to provide up to 200 billion euros to shield against high energy prices - document

09/29/2022 | 08:25am

BERLIN (Reuters) - The German government will provide funding of up to 200 billion euros ($194.46 billion) for an "economic defence shield" against the impact of soaring energy costs on companies and consumers, a government document published on Thursday showed.

As part of the plan, it will implement an emergency price brake on gas and electricity, the document said.

($1 = 1.0285 euros)

(Reporting Andreas Rinke; Writing by Maria Sheahan; Editing by Paul Carrel)

Reuters 2022
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