Cap on Soaring Gas Prices Divides European Leaders Before Summit
- Energy crisis will be key topic at EU meeting next week
- Heads of government may back joint gas purchases, new index
Photographer: Patrick Hamilton /Bloomberg
This article is for subscribers only.
A deal on capping gas prices in the European Union remains elusive as national leaders prepare for next week’s summit to discuss ways of containing an unprecedented energy crunch that’s fueling inflation and threatening to push the bloc into a recession.
The controversial idea of imposing a limit on soaring gas prices continues to divide member states, whose energy sources and economic strength vary across the 27-nation bloc, according to an EU official with knowledge of the matter.