German parliament clears way for huge energy relief package

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German parliament clears way for huge energy relief package

Lawmakers agreed to let a government economic stabilization fund borrow the money and approved an exemption from a rule that imposes severe limits on running up new debt.

Chancellor Olaf Scholz tweeted that the decision was “good news for all who are looking with concern at their service costs, and for small businesses and companies.”

Details of how exactly the plan will work have yet to be finalized. A government-appointed expert panel last week proposed a two-stage system for the part of the package that would address natural gas bills.

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