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Gas price cap-skeptic countries lay out red lines on EU’s ‘market correction mechanism,' document shows

By Stefano Porciello ( December 8, 2022, 15:25 GMT | Insight) -- Germany, the Netherlands and four other countries skeptical over EU-wide gas price cap ideas have outlined their red lines in the negotiations on the gas derivatives “safety ceiling” tool planned to keep prices bearable, known as the “market correction mechanism.”Germany, the Netherlands and four other countries skeptical over EU-wide gas price cap ideas have outlined their red lines in the negotiations on the gas derivatives “safety ceiling” tool planned to keep prices bearable, known as the “market correction mechanism,” or MCM. ...

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