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Energy crisis divides European nations at emergency meeting

European Union energy ministers clashed at an emergency meeting over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little room for immediate action.

An employee looks towards the Gallina liquefied natural gas (LNG) tanker after docking at the National Grid's Grain LNG plant on the Isle of Grain in Rochester, U.K., on March 4, 2017. Foto: Bloomberg photo by Jason Alden.

At an emergency meeting in Luxembourg on Tuesday, the ministers are discussing how the EU could complement measures already taken by member states and what could be done in the medium term to prevent future price shocks.

Countries including Poland and Spain called for the EU to come up with new intervention tools, but a group of nine nations including Austria, Denmark, Finland and the Netherlands argued that the hike is temporary and should not lead to quick changes to the bloc's energy laws and ambitious climate reforms...

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