A windfall tax for firms profiting from energy price volatility is one of the ideas circulating among EU ministers meeting in Dublin on Friday and Saturday for the periodic meetings of the Eurogroup and Economic and Financial Council.

With the war in the Middle East continuing, Brent crude oil prices have surpassed $100 per barrel, and extreme volatility in energy prices is driving inflation higher across the bloc, which is not expected to return to the 2% target before the end of 2027.

While growth indicators are still performing well this year, the European Commission expects economic growth to slow down in 2027.

The EU is urging member…

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