Scholz Reaches Deal With German States on Sharing Energy-Aid Cost

German Chancellor Olaf Scholz

Photographer: Yorgos Karahalis/Bloomberg
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German Chancellor Olaf Scholz has reached an agreement with the 16 heads of state governments to share the financial burden for a package of planned relief measures to help millions of households cope with soaring electricity prices.

The agreement paves the way for the introduction of a planned gas and electricity price break and a package of social subsidies for households.