EU leaders seek ways to give support economies amid high energy prices

European Union leaders on Friday tried to find ways to support the continent’s economies as they face skyrocketing energy prices amid a crisis aggravated by Russia’s invasion of Ukraine.

Talks at a summit at the Versailles palace outside Paris aim to find a strategy to make Europe stronger, more sovereign, more independent,” European Council President Charles Michel said.

Amid key issues, leaders of the 27-nation bloc were to address energy prices and how to support people’s purchasing power and companies’ competitiveness, Michel said.

Europe was already facing a tricky test before Russia’s invasion because of an outlook for slowing economic growth accompanied by surging inflation, which is being driven by high energy prices.