1 of 1
Story summary
- Valdis Dombrovskis, European Commission's economy chief, endorsed windfall tax on energy firms profiting from higher fuel prices.
- A letter from Austria, Germany, Italy, Portugal, and Spain urged fair distribution of profits tied to the Middle East crisis.
- Dombrovskis said the EU is assessing a coordinated approach to address the crisis, rejecting drastic measures such as suspending fiscal rules.
- EU leaders fear the impact will hit smaller nations hardest.