German Financial Hole is Deeper than Expected
Tamás Orbán
October 13, 2023
Instead of 0.4% growth, Germany will likely end the year with a 0.4% contraction, with independent projections predicting even worse figures.
The minister’s criticism of Washington’s price gouging comes as Germany and much of Europe stare into an economic abyss.
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.
