EU launches measures to address energy crisis impact
Europe moved on Thursday to blunt the immediate shock of an energy crisis set off by the US-Israel war on Iran, with the European Commission unveiling a package of emergency and medium-term steps aimed at shielding households, businesses and heavy industry from surging costs.
At the heart of the response is a temporary easing of EU state aid rules, giving member states more room to deploy public money to soften the blow of higher energy prices for consumers and industry.
That support could take the form of price controls,…