Belgian Energy Minister Says EU Could Have ‘Terrible Winters’ for the Next 5-10 Years

The Belgian Prime Minister had said the same thing yesterday. Today, the country’s Energy Minister Tinne Van der Straeten warned that “the next 5 to 10 winters will be terrible if nothing is done,” and she called for immediate steps to impose a price cap on uncontrolled gas prices. “The European energy market is failing and urgently needs reform…. This is no longer tenable for many families and companies. Electricity is produced as cheaply as last year but sold at record prices. By reforming, we are tackling exuberant excess profits.”