EU Leaders Left Myriad Questions Unanswered Friday On How To Handle Energy Cost

EU leaders left myriad questions unanswered Friday as they concluded a summit in Prague, delaying final decisions on combating sky-high energy prices to future meetings. Attention now turns to a formal EU leaders’ summit on October 20 and 21.

  • Friday’s gathering — which lasted much longer than anticipated, reflecting the deep divisions among countries over how best to bring down energy costs — made no concrete progress on a series of proposals, including a controversial gas price cap.
  • Some countries want to reimburse people for gas payments above a certain price.
  • Still others have sought a mix-and-match of these ideas.
  • But German Chancellor Olaf Scholz kiboshed that idea at a press conference Friday afternoon, insisting previous EU pandemic recovery funds could still be redirected.
  • “I understand — all of us would rather spend the money we spend on armaments on completely different goals — peaceful goals, social needs,” he said. “