Saturday, July 16, 2022

"Our Country Is Facing The Biggest Crisis The Crisis We Ever Had": German Employers' Association Warns Over Russian Gas Cut

 

With the Nord Stream 1 pipeline closed for maintenance, with the possibility that President Putin will not allow it to reopen at the end of the scheduled 10 days downtime in retaliation for the EU's continued support or Ukraine in their conflict with Russia, Germany is facing an unprecedented crisis that could erase the prosperity Germans have grown accustomed to, warned Rainer Dulger, head of the Confederation of German Employers’ Associations.

“We are facing the biggest crisis the country has ever had. We have to be honest and say: First of all, we will lose the prosperity that we have had for years,” Dulger told the Süddeutsche Zeitung regarding the consequences of a gas shortage to Germany's business and domesticv premises.

            

Rainer Dulger (picture: Süddeutsche Zeitung)


While many people in politics, business and the media are urging more government intervention to help prop up the German economy, Dulger argues that, the fewerthere are state interventions , the better. He says that when it comes to the economy, private businesses always do better than the government.

However, he does believe some measures need to be implemented to provide support for people being thrust into poverty because of rising prices and business closures or short time working.

“More net earnings from the gross amount must now arrive into every citizen’s account,” he claimed, stressing the importance of not reducing the net income of the citizens in a veiled appeal for tax cuts, and policiesensuring the fair redistribution of profits generated during the crisis.

Dulger is not the only one warning of a crisis in Germany, a crisis which is already in train. Economy Minister Robert Habeck too has warned of a “catastrophic winter” should Russia threat to cut off the gas supply be carried out.

According to him, Germany will face a “crucial test that we haven’t faced for a long time.”

Other experts predicti mass bankruptcies, inflation, and energy rationing that will send “shockwaves” through the German economy as a result of a deepening of the energy crisis which was triggered by the failure of idiotic 'net zero' pledges and green virtue signalling and is being exacerbated by knock on effects of the Ukraine conflict and the EU response.

The Bavarian Business Association (VBW) warned that as many as 5.6 million jobs across Germany could be lost in the case of a gas supply stoppage from Russia.

According to the association’s analysts, the loss of gas imports from Russia gas could also reduce the country’s economic output by 12.7 percent, with immediate abandonment of the raw material hitting the glass, iron, and steel industries particularly hard; losses in these sectors would be almost 50 percent.

Dulger sees the current situation as being due to the lack of capacity to be self-sufficient in energy production, as a result of abandoning both coal and nuclear power to appease the country's powerful green movement. For too long, Germany had disregarded something that former German Chancellor Helmut Schmidt warned about in the 1970s.

When deliveries of gas to Russia began at the time, Schmidt said: “We can do it, but we must not depend on Russian gas for more than 30 percent.”

 

RELATED:

The Federal Republic of New Normal GermanySo, the government of New Normal Germany is contemplating forcing everyone to wear medical-looking masks in public from October to Easter on a permanent basis. The fanatical New Normal fascists currently in charge of Germany’s government are discussing revising the “Infection Protection Act” in order to grant themselves the authority to continue to rule the country by decree, as they have been doing since the Autumn of 2020, thus instituting a “permanent state of emergency” that overrides the German constitution, indefinitely ...

Majority of Conservative Voters want Net Zero Plan Halted
Despite sycophantic support from the party elites, recent polling has found that the majority of Conservative Party voters want the government’s Net Zero agenda halted. The Conservative Party base has had enough of their party’s sycophantic support for climate crazy policies, with recent polling suggesting that a significant majority of individuals who vote for the party want the government’s current Net Zero regime halted. ...

Europe's biggest economy would suffer a 6.5pc contraction if Russian energy is suspended, experts warn 
Even though the sanctions already imposed on Russia in respondse to the invasion of Ukraine are hitting the nations that imposed then harder that their intended target, the EU is preparing to committ economic suicide in an orgy of virtue signalling ...

Boris and Biden Can't Blame Ukraine War For Energy Crisis
With typical arrogance and condescension towards the people who elected them Boris Johnson, Joe Biden and their respectiive presstitutes are trying to spin the energy crisis Europe and North America are currently facing as somehow being linked to the conflict in Ukraine and therfore blame is being attactched to Russia and Vladimir Putin. Do they really think we are stupid enough to believe such unmitigated bollocks? ...

Study Reveals That Unjabbed Are Better Informed Than Jabbed
On the day we reported elsewhere that thousands of Germans had taken to the streets to protest against the latest fascistic measures imposed by their federal government Ulrike Guérot, a German political scientist has effectively shown that the so called vaccination opponents were far better informed on the CoVID vaccine effectiveness and adverse affects than the jabbed ones. Continue reading >>>

191221-german-green">

German Green Party Urges Allowing 140 Million "Climate Refugees" To Migrate To West

The Green Party in Germany is currently putting forward as a policy that up to 140 million “climate refugees” should be allowed to migrate to the west and given citizenship. The question of where we would put 140 million people and what we would do with them is of course deflected. And the case that the 50 million climate refugees that were predicted tTo descend on the west, having been displaced by rising sea levels are apparently all hiding under Harry Potter's Cloak of Invisibility is ignored.

Germany sliding into 'dangerous' anti-Europe hysteria warns top economist
As Germany's economy continues to stutter one of the country’s top economists has warned the country is desending into “anti-Europe hysteria” amid growing criticism in the country of the European Central Bank (ECB) and surging support for the Eurosceptic, anti - immigration AfD Party.

Currency Wars: Former UN Under-Secretary-General Calls For One World Currency

In this page, we have covered US attempts to expolit its position as issurer of the global reserve currency, and the moves by China and Russia to resist that. Moves to establish the US$ as a true global currency began a long time ago with the creation of the International Monetary Fund at the Bretton Woods conference in the final months of World War 2, with Germany defeated and the world ready to split into capitalist and communist factions...

Net Zero Is A Dangerous Fantasy, But Scientists Believe In Fairies It Seems
With oil and gas prices rocketing and the highly propted sustainable energy sources performing way befow expectations the energy crisis currently gripping Europe (with worse to come as food shortages start to bite, polticians still seem more intent on pandering to the green lobby and chasing the dream of a fossil fuel free world rather securing the energy and food supplies needed by the people they serve.

A Mostly Wind- & Solar-Powered US Economy Is A Dangerous Fantasy
When President Biden and other advocates of wind and solar generation speak, they appear to believe that the challenge posed is just a matter of currently having too much fossil fuel generation and not enough wind and solar; and therefore, accomplishing the transition to "net zero" will be a simple matter of building sufficient wind and solar facilities and having those facilities replace the current ones that use the fossil fuels.

Europe's biggest economy would suffer a 6.5pc contraction if Russian energy is suspended, experts warn 
Even though the sanctions already imposed on Russia in respondse to the invasion of Ukraine are hitting the nations that imposed then harder that their intended target, the EU is preparing to committ economic suicide in an orgy of virtue signalling ...

We need energy security – not Net Zero
Russia’s invasion of Ukraine has prompted a major rethink in the West. We have suddenly found ourselves vulnerable not just to rising prices in oil and gas, but also to inflation in other commodities – such as food and fertiliser. Of all these problems, the security of our energy supply has most exercised minds.

Net Zero Gone With The Wind - Boris Johnson Plans Seven New Nuclear Plants And Shelves Wind Expansion
Reports in mainstream media suggest Boris Johnson has done a U turn on his recently announced massive expansion of wind powered generating capacity. Sources in Westminster claim Boris has shelved his masterplan for a giant, floating wind farm in The North Sea and the government will reconsider plans to double or even treble the number of wind turbines in the countryside and approve plans for up to seven new nuclear reactors instead.

No comments: