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German Minister Slams “Friendly” Washington’s Price Gouging
The minister’s criticism of Washington’s price gouging comes as Germany and much of Europe stare into an economic abyss.
The minister’s criticism of Washington’s price gouging comes as Germany and much of Europe stare into an economic abyss.
Does Germany anticipate an insolvency wave this fall? The minister of economy says “No,” adding that companies might “stop production for some time.”
Germany’s gas levy was meant to help large energy providers in financial distress, but after learning that successful companies who continue to make billions of profits applied for support as well, the levy will be reworked.
The levy comes just days after Energy Minister Robert Habeck announced his plan for reducing gas consumption by 20%. He also wants to allow public buildings to be heated at a maximum of 19 degrees.
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