EU leaders avoid deep rift on gas price cap at energy summit
BRUSSELS (AP) — European Union leaders struggled to find immediate practical solutions on how to deal with the energy crisis but avoided an open rift between Germany and France on Friday that would have exposed a divided bloc as it confronts Russian President Vladimir Putin over his war in Ukraine.
After daylong talks in Brussels dragged well into the night, the 27 EU leaders papered over divisions between some of the biggest member states and at least agreed to continue working on ways to impose a gas price cap in case of big price increases.
French President Emmanuel Macron highlighted his work with German Chancellor Olaf Scholz to create a veneer of unity after talks that started early Thursday. He said that together with close technical advisers, “I will see Chancellor Scholz in Paris next week so that we can move forward, with our teams, on all the issues.”
Scholz said the main issue was curbing “spikes” in gas trading that may last only a few hours but still send prices excessively upward. He said measures to counter that should be further examined.
“How can we avoid these spikes? There is still a lot of concrete work to be done. But we must look at ways to contain it, which certainly makes sense,” Scholz said.
When the axis between Paris and Berlin is aligned, usually the rest of the EU follows.
“There is a strong and unanimously shared determination to act together, as Europeans, to achieve three goals: lowering prices, ensuring security of supply and continuing to work to reduce demand," said summit host Charles Michel, the EU Council president.
Diplomats said the execution of the proposals, including the possibility of a price cap, should be first properly assessed by energy ministers next Tuesday and might even need a new summit of leaders in the coming...
