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Key German Lawmaker Raises Prospect of Gas Price Curbs

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EU Ministers Call for Urgent Energy Measures

Germany is considering direct intervention in the energy market to avoid a wave of insolvencies amid soaring gas prices, said a key lawmaker from the ruling Social Democratic Party. 

“We have to pay the bill anyway. The question is whether we do this now at the beginning, by intervening in the markets and by cushioning -- or whether in the end it is insolvencies, it is unemployment,” said Lars Klingbeil, co-head of Chancellor Olaf Scholz’s SPD, told the broadcaster ARD on Sunday. “I want us to take the first step, to intervene now.”