• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-11-22/germany-moves-to-rein-in-surging-gas-power-costs-from-january" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">The German government</a> is planning a €54 billion package to cap gas and electricity prices for companies and households next year as Europe’s largest economy seeks to contain the fallout from Russia’s moves to slash energy supplies. The package will be partly financed by a windfall tax on electricity profits, which the government expects to raise a double-digit billion-euro amount.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">On a related note: Italian PM Giorgia Meloni <a fr-original-style="" href="https://www.reuters.com/markets/europe/italys-meloni-unveil-budget-with-30-bln-euros-lift-economy-2022-11-21/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">presented</a> her government's first budget on Tuesday, which contains €35 billion of extra spending and tax cuts, and aims to speed a recovery in the euro zone's third-largest economy. The package must pass the parliament by the end of the year, but the opposition said it targeted the poor and planned street protests.</li></ul>

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