Economy

Von der Leyen’s speech is live – Announcing the Commission’s proposals for energy

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Follow the meeting in Strasbourg in Greek.

Of special interest is this year’s annual speech by the president of the Commission, Ursula von der Leyen, on the state of the European Union, to the plenary session of the European Parliament in Strasbourg. The speech comes at a critical juncture for Europe, which is faced with the energy crisis and the Commission proposes a series of measures to protect citizens and businesses from increased energy prices.

Watch here the speech and the discussion that will follow in Greek

Ms Leyen will address the Commission’s work and the important issues of EU solidarity with Ukraine, sanctions against Russia, measures to secure the EU’s energy supply and limit its dependence on Russian fossil fuels, as well as current energy price increases. The European Commission president is also expected to focus on the European Green Deal and the green transition, digitalisation, the EU’s response to the COVID-19 pandemic and planning for future pandemics, as well as the NextGenerationEU European recovery plan.

The Commission’s proposals

The European Union is expected to announce plans today to collect windfall profits from energy companies and impose cuts in electricity use across the bloc as part of a package of measures designed to protect citizens and businesses from increased energy prices.

European governments have already rolled out hundreds of billions of euros in tax cuts, subsidies and bonus payments as they try to deal with an energy crisis that is fueling record inflation, forcing industries to shut down production lines, and citizens to be faced with high energy bills ahead of winter.

Today, the European Commission will try to present a series of national measures as part of a comprehensive response for all 27 EU member states.

Reuters has read a draft of European Commission measures that would tax surplus revenue from energy companies in Europe that do not use natural gas so that governments can raise money for spending to help businesses and citizens cope with increased energy bills.

EUnewsSkai.grUrsula von der Leyen

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