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The French finance minister urged people today to “look at the bitter experience of Kazakhstan”.<\/p>\n<\/div>\n
French authorities said today they were working on new measures “to contain” rising energy prices, predicting a mood swing ahead of the spring presidential election.<\/p>\n
“Look at what is happening in Kazakhstan, it is an indicator of what can happen when energy prices explode, and it is politically dangerous,” the minister said today. <\/em>Bruno Le Maire.<\/em><\/p>\n He further dropped the ‘bomb’: “If we do not find a solution in the coming days, at the end of January the French will see a 35-40% increase in energy prices.”<\/em><\/p>\n The call comes as the prices of all energy products in Europe are rising inexplicably, to unprecedented levels.<\/p>\n At the beginning of the week the gas price of Dutch traders TTF, which is considered the price standard for natural gas, increased by 5% to \u20ac 93.30 per megawatt hour.<\/p>\n In France, price increases are expected to be particularly problematic, given the fierce protests of several months of “Yellow Vests” after the fuel tax increase in 2018. The protests then expanded into a major anti-government movement.<\/p>\n In anticipation of price increases, the Paris government has said it is “committed to protecting consumers by setting a 4% growth ceiling in February.” But prices are already rising on the stock exchanges and support will not be enough.<\/p>\n \n<\/p>\n top channel
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