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'Many, many, many billions' third German relief package approved after hours of negotiations

Video Credit: euronews (in English) - Duration: 01:55s - Published
'Many, many, many billions' third German relief package approved after hours of negotiations

'Many, many, many billions' third German relief package approved after hours of negotiations

The German Chancellor hopes to skim off the windfall profits from energy companies to help pay for plan.

The so-called excess profits tax has also been discussed at the European level for weeks.

Olaf Scholz says he hopes it'll make a massive difference in people's ability to deal with rising costs.


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