EU parliament chief: energy security needs public money

Europe's multi-billion-euro needs for energy infrastructure and new technologies cannot be funded only by the private sector, European Parliament chief Jerzy Buzek has said, in a position putting him on collision course with Germany.

"We need both: regulation and money. The annual EU budget for energy today is €20 million. It's negligible, if we compare it to what a few kilometres of pipeline cost," the Polish politician told EUobserver in an interview on Thursday (3 February).

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