EU Commission Approves Single Energy Market Proposal

The EU Commission has approved proposals to create a single European energy market.
The Energy Union plan would give the Commission more influence in the negotiation of gas supply contracts.

It is partly designed to reduce Europe’s dependence on Russian gas, at a time of tension over the conflict in eastern Ukraine.

The proposals still need to be approved by member states and the European Parliament.
The Commission says they will give customers more choice, bring down prices and cut down on the use of fossil fuels.

“This is about Europe acting together, for the long term,” said Commission President Jean-Claude Juncker.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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