Von der Leyen: ‘Severe energy crisis, common EU response needed’ – Economy

“The energy crisis is serious. And it requires a common response from Europe that will make it possible to reduce energy costs for families and businesses”. “We have already taken important steps. For example, yesterday we agreed together to limit the exceptional profits made by some energy companies. More needs to be done.” This was stated by the President of the European Commission Ursula von der Leyen speaking at the ceremony for the Bulgaria-Greece interconnector.

“Europe has everything it needs to free itself from our dependence on Russia. It is a question of political will,” said von der Leyen.

“Without a common European response, we seriously risk fragmentation”. “As in the past, we must maintain a level playing field and avoid distortions of the single market. So the task ahead is clear. We must do more to contain the soaring energy prices that are weakening our economy.”

“Let us stand together and together form our strong and resilient Energy Union,” said the President of the European Commission speaking at the inauguration of the interconnector between Greece and Bulgaria.