The Strategist

EU leaders reach agreement on combating energy crisis

10/21/2022 - 03:23

According to Charles Michel, president of the European Council, EU leaders have reached a compromise to address the energy problem.

Pietro Naj-Oleari
Pietro Naj-Oleari
"A decision on energy has been made by the European Council. Solidarity and unity won. We decided to focus on ways to keep energy costs for homes and businesses under control," tweeted Michel.

Ursula von der Leyen, the head of the European Commission, stated that the leaders of the European Union endorsed the proposal of requiring mandatory cooperative gas purchase for the union at the summit.

She stated during a news conference that "the leaders were highly supportive of the notion of allowing corporations to make joint purchases, to create a consortium."