EU considers Covid-style joint debt to cushion energy crisis impact

EU officials say "astronomical gas and electricity prices" may require a joint-debt agreement to help fiscally weak members. Picture: Yui Mok/PA

The EU is considering issuing a Covid-style common debt, to share costs of energy subsidies across fiscally weaker members.

Two top EU officials called for the use of common spending to tackle the energy crisis, as member states ratcheted up criticism of German plans for a giant borrowing programme to cap power prices.