“The reservations are considerable and the prospects of approval are highly uncertain,” the document further says.
Reiche has yet to formally approve the draft, which was submitted to her last week.
For Germany’s heavy industries, relief from soaring electricity prices is long overdue. But after years of failed attempts, first under former Vice Chancellor Robert Habeck, then ex-Chancellor Olaf Scholz’s administration, frustration is building.
Now, with production shifting abroad and competitiveness eroding, Berlin is hoping Brussels can still be swayed.
