Posted on 09/04/2022 11:29:12 PM PDT by Berlin_Freeper
... The stand-off with Russia has forced countries like Germany to find supplies elsewhere, and its stores have increased from less than half full in June to 84% full today.
German Chancellor Olaf Scholz told journalists Germany would get through the winter, adding that Russia was "no longer a reliable energy partner".
He said the government would make one-off payments to pensioners, people on benefits and students. There would also be caps on energy bills.
Some 9,000 energy-intensive businesses would receive tax breaks to the tune of €1.7bn.
A windfall tax on energy company profits would also be used to mitigate bills, Mr Scholz said.
The latest package brings the total spent on relief from the energy crisis to almost €100bn, which compares to about €300bn spent on interventions to keep the German economy afloat during the Covid-19 pandemic.
(Excerpt) Read more at bbc.com ...
Germany gov’t to provide money to burn this winter....
Time for another game of wealth transfer from the indebted to the elite.
Time to crank up those 100 year old printing presses.
Hello more national debt and inflation - all unnecessary.
Shoulda listened to President Trump!
Firewood, the new gold.
So will they be chopping down trees on the Unter den Linden?
3rd program, and there’s likely a 4th program by January to occur.
This past week, I read that 50-percent of German hotels and restaurants are entertaining the idea of bankruptcy by the end of 2022. Part of this is Covid-era bills, but it goes to inflation here in 2022, and the natural gas/electrical increases as well.
I noted some German business journalist (last week) was talking to a pizza shop guy, and he was figuring a 2 Euro add-on fee coming up shortly for the electrical cost of running his oven.
In the past month, I went to a German restaurant for a Cordon Bleu dish, which would typically be in the 11-to-12 Euro range for a plate. Because of rising personnel cost, electrical cost and ‘raw’ materials...the owner had raised the price to 18.50 Euro, which I thought was a crazy price.
I see nothing about any means or money to produce and supply additional energy to replace losses.
Is xiden your president or his brother or cousin? Whatever and whoever he is he has captured the formula to screw things up royally.
Seems to be in vogue these days.
Good luck with that cold wet winter.
100 years ago, Germany was defeated with inept policy makers. They could of had it all. With America paying for their military, their foreign policy became lazy and stupid. Leaning on Russia was idiotic. Nothing wrong with buying energy from Russia, but for God sakes, diversify.
Unfortunately, there is too much ideology and too little competence on part of our “beloved (sarc)” power elite.
I wouldn’t mind all of them going back to grade school or, even better, to Jericho.
Sorry about my harsh words, but it really makes me livid, this truckload of pigheaded ideology and sheer technical incompetence!
If only we listened to George Washington, when he warned us to stay out of European conflicts.
Now they are calling him a racist cracker . . . go figure.
We don’t understand Russia. They have a self sustaining economy. Not super rich like we are. With our endless trading partners. But can we really get in war in a big way, cutting off trading with China?
The elite may turn up the heat, but their bought and paid for representatives in various parliaments will be cowering in their basements.
What's coming this winter looks more like a defeat for aristocracies and totalitarian governments. They have failed to manage their economies in their professed march to save the planet.
Europe may have a lot of cool people this winter and a lot fewer hot heads. A lot of people in Europe who have wanted to see their rent frozen will see their rentals frozen.
My apologies to anyone offended as my humor is being cold. But rather than getting into a heated argument let’s pray for the heat to go to the Europeans this winter. Its sad when I think of the intense suffering that so many people there may be facing soon.
Policy makers are always inept. Countries are much too complicated to manage in a top-down or central planning manner.
We see how central planning always fails in communist countries, but we don't make the connection to government management of economies in otherwise "free countries."
An economy cannot be "managed" at all. The only thing that can facilitate the smooth performance of an economy is a marketplace where individual customers are permitted to express their collective wisdom by buying and selling.
China took Tarawa and the Solomons for goodness sake. They can attack Australia easily. The earliest they can get the first of their 5 new submarines is 8 years. Just 5!
China and Russia, play the long game, for the most part. Although, this Ukraine war, still makes no sense.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.