N-TV had a chat or two over the EU picking up the escalating cost problem of natural gas in Europe today.
One idea being thrown around.....having the EU to 'purchase-in-bulk' natural gas....at one single price, and 'selling' the natural gas down the line. In some way, the EU would own the gas.
Just asking me the logic to this.....someone would have to lose money for this to make sense. I can't imagine the EU being willing to lose money.
Another measure was the idea of handing out vouchers to low-income families. EU-vouchers? Well....yeah. Again, I can't imagine the EU being that willing to hand out much more than a 100 Euro per family.
EU-mandated tax cuts? That's on the table, but there's a vast amount of money that countries make off the natural gas deal and I can't imagine them being willing to give up more than 250 Euro in a single year.
All of this leading to meetings? OH YEAH.....a series of EU meetings to admit that it's not possible to resolve this.
Getting more natural gas delivered via Nord Stream II pipe? Well....the Russians say a new purchase agreement would have to be written. So they aren't willing to help in any way.
So....settle back for the next six weeks to be mostly frustrating in nature. Germany could resolve this by cutting 25-percent of their tax for the winter period, but that's tax revenue lost.
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