Draghi says will fund a new stimulus with windfall tax on energy companies


Some comments from Draghi:

  • Gov’t has approved 14B euros in stimulus measures without extra borrowing
  • Gov’t ready to approve further measures if economy requires it
  • Gov’t to party fund package by raising windfall tax on energy companies

Windfall taxes on energy companies make no sense. It’s an industry that’s been ravaged over the past decade and desperate needs investment to bring online new supply and build out LNG infrastructure.



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