Germany chancellor Olaf Scholz vows €65bn package to combat energy crisis.

Germany Declared €65bn To Combat Energy Crisis

This package measures to combat the threat of rising energy costs in the coming months.

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Germany Declared €65bn To Combat Energy Crisis

It involve one-off payments to the most vulnerable and tax breaks to energy-intensive businesses.

Germany Declared €65bn To Combat Energy Crisis

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So now Europe is trying to wean itself off Russian energy.

Germany Declared €65bn To Combat Energy Crisis

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Germany would get through the winter, adding that Russia was "no longer a reliable energy partner".

Mr Scholz Told To Journalists

Olaf Scholz

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Mr Scholz said that they would make one-off payments to pensioners, people on benefits and students.

Germany Declared €65bn To Combat Energy Crisis

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Some 9,000 energy-intensive businesses would receive tax breaks to the tune of €1.7bn.

Germany Declared €65bn To Combat Energy Crisis

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A windfall tax on energy company profits would also be used to mitigate bills. 

Germany Declared €65bn To Combat Energy Crisis

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The latest package shows total spending to almost €100bn, which compares to about €300bn spent on interventions

Germany Declared €65bn To Combat Energy Crisis

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