Morning Briefing: The best law Katherina Reiche has presented so far
The Minister for Economic Affairs is making a specific demand from the last coalition committee. The desired goal will probably be missed - but Reiche avoids getting economically tangled up.
German Economics Minister Katherina Reiche's proposed law to cap fuel prices has been leaked. The draft bill does not automatically introduce a price cap, as demanded by the SPD, but rather creates a legal framework for one. A cap could be implemented if fuel prices exceed average EU price increases by more than 5 percentage points for three consecutive weeks. Even then, the cap would only be in effect for three months.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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