News   /   Reports

EU provides €5bn more for Ukraine despite bloc's cost of living crisis worsening

0 seconds of 0 secondsVolume 90%
Press shift question mark to access a list of keyboard shortcuts
Keyboard Shortcuts
Shortcuts Open/Close/ or ?
Play/PauseSPACE
Increase Volume
Decrease Volume
Seek Forward
Seek Backward
Captions On/Offc
Fullscreen/Exit Fullscreenf
Mute/Unmutem
Decrease Caption Size-
Increase Caption Size+ or =
Seek %0-9
00:00
00:00
00:00
 

Jerome Hughes
Press TV, Brussels

Gas, oil, petrol, electricity and food prices continue to soar across the 27-nation EU as the conflict in Ukraine shows no sign of abating and sanctions against Russia appear to be backfiring. EU finance ministers discussed the situation on Tuesday with senior European Commission officials.

Experts say there is a lack of coordination in dealing with the EU's energy crisis and there doesn't appear to be a long-term strategy.

Some EU lawmakers warn of a looming unemployment crisis as businesses cut back. All the while poverty is on the rise in the bloc.

Millions of ordinary EU citizens are at their wits' end but there seems to be no end of money for the Ukrainian Government.

Many are questioning why we don't hear more from Western leaders about peace talks.

It is clear that economically things will only get worse in the absence of negotiations to end the conflict but commentators point out that wars are very lucrative for some and in reality, they suggest, the US-led NATO alliance has nothing to gain from peace.

With the European Commission signing off on a further five billion Euros for Ukraine, lawmakers demand EU leaders provide greater support for citizens experiencing a growing cost of living crisis.


Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.ir

SHARE THIS ARTICLE
Press TV News Roku