The proposal.Read also: European solidarity. France launches gas in GermanyThe support scheme of 40 billion euros will come from the structural funds from the EU budget 2014-2020, which are currently at our disposal, affirmed the Commissioner for Cohesion and Reforms Elisa Ferreira. “We want to avoid massive bankruptcies of businesses, because we have seen that this has happened in some member states,” she explained. “The situation is really critical, there is inconsistency between the situation of different member states,” she added.
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Supportive measures Benin Email List in these times of crisis have come with no small strain on public finances, especially among less wealthy countries. Meanwhile, Germany has unveiled a controversial €200 billion program to help families and businesses struggling to pay their energy bills. France and Italy, which are also important economies of the bloc, have distributed only a part of this amount. BUSINESS PULSE Updated onBack ~2 minutes of reading Inflation in the UK hit a 40-year high this September, following rising food costs not seen since 1980.The consumer price index rose 10.1%, compared to 9.9% a month ago, the Office for National Statistics announced on Wednesday.
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The new USA CFO data shows that inflation has returned to its peak in July and is again at its highest level since early 1982.Read also: Sales of electronic devices fall. Samsung and AMD report lower profitsFood prices also increased by 14.5% from a year ago. This new price level raises expectations that the Bank of England will raise interest rates further and faster as it tries to bring inflation back to its 2% target.The situation will also make it more difficult for the government’s new Treasury chief, who took office less than a week ago, to restore financial stability after the government’s economic plan rattled markets last.