EU Spars Over Gas Price Cap With Week to Go Before Key Decision

The Czech Republic, which holds the rotating presidency of the EU, proposed a second compromise for a broader price cap — lowering the intervention threshold to €220 ($231) from €275 suggested by the European Commission last month, according to a document seen by Bloomberg. A majority of member states had strongly criticized the level put forward by the bloc’s executive branch. Separately, two groups of countries have proposed their own solutions.