Germany’s Energy Nationalization Unlikely to Be Europe’s Last
- European Investment Bank head says there may be ‘more of this’
- Hoyer says world must stay the course on green transition
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Germany’s historic bailout of natural gas giant Uniper SE is unlikely to be Europe’s last energy-sector rescue amid the crisis sparked by Russia’s war in Ukraine.
“There might be more of this because in view of the incredibly high energy prices which cannot be passed on to the consumers the states must come in,” European Investment Bank President Werner Hoyer told Bloomberg Television on Tuesday. “This is probably something we’ll see for a while.”