EU Stooges Agree To Bail Out Energy Derivative Trading

Some EU leaders, for instance the Czech government, are breaking the “narrative” according to which the energy price hyperinflation was unleashed by Putin’s “invasion of Ukraine,” and are pointing the finger to financial speculation. However, the EU energy ministers meeting today have rejected any proposal to regulate the TTF future market in Amsterdam and instead reached an agreement on three measures: 1. extra liquidity for energy companies; 2. 5% consumption reduction during peak hours; 3. a cap on profits by renewable energy producers.