Bloomberg believes that German Chancellor Olaf Scholz and members of his government are blackmailing the Germans to solve the problems of energy companies at their expense, in an attempt to counteract the effects of sanctions imposed on Russia.
The agency cited Economy Minister Robert Habek’s statement that Uniper, Germany’s largest natural gas company, could go bankrupt, stressing that the closure of the company would have more negative consequences for Germans.
Hobeck added that without the collection of money, the country would collapse, and allowed the new tax to be reviewed and amended to serve said company.
And Bloomberg added that the government’s plan was criticized by German citizens, as energy companies benefited from it.
Germany, like other Western countries, is facing soaring energy prices and inflation amid sanctions imposed on Moscow and its push to cut off Russian energy supplies.
The agency pointed out that due to high fuel prices, especially gas, the German industry has lost many of its competitive advantages, and this, in turn, is reflected in other areas of the stronger German economy in the European Union.
Source: RIA Novosti