‘Stop the madness’, a wide energy price cap is a must: Austria’s Karl Nehammer tells EU

Austrian Chancellor Karl Nehammer backed calls for the European Union to swiftly impose a wide price cap on surging energy prices.
“We must finally stop the madness that is taking place in energy markets. And that can only happen through a European solution,” Nehammer said in a statement on Sunday, according to Reuters.
“Something has to happen at last. This market will not regulate itself in its current form. I call on all the EU 27 [member states] to stand together to stop this price explosion immediately,” he noted.