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Relentless Energy Surge Prompts EU Governments to Step In

  • European gas, power prices rose to fresh records on Tuesday
  • Greece, Spain have taken steps to cushion blow for consumers
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A relentless rally in Europe’s energy prices is piling up pressure on governments, with Spain and Greece taking steps to cushion the blow for consumers.

Gas and power prices extended gains in Europe on Tuesday, reaching records in countries including Germany, France, Spain and the U.K. Spain moved to ease the cost of energy bills late Monday, and France said it was considering it, while Greece announced over the weekend a subsidy for all households.