EU seeks ways out of its energy and inflation crisis | DW News

A big week for EU economic affairs: After the European Central Bank (ECB) announced an unprecedented rate hike yesterday, EU economic and finance ministers are gathering in Prague for an informal meeting. At the top of the agenda: the looming recession caused by high energy prices, and record-high inflation in Europe. Finance ministers will also be discussing financial support for war-torn Ukraine. German Finance announced he wants to push for the oil price cap agreed on by G7 countries.