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EU must end 'insane' energy crisis spending race between countries, Luxembourg says

Reuters ECONOMY
Published September 30,2022
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Luxembourg's Energy Minister Claude Turmes speaks to the media as he attends a European Union Energy Ministers meeting on high energy prices, in Brussels, Belgium September 30, 2022. (REUTERS Photo)

The European Union must put an end to the "insane race" between countries to outspend one another on crisis measures to tackle Europe's energy crunch, Luxembourg's energy minister said on Friday.

"I have full trust in Commissioner Vestager that she will put an end to this insane race from different governments to outcompete other governments in such a difficult moment in Europe," Claude Turmes said on his arrival to a meeting of EU ministers, referring to the EU's head of policy on state aid.