Economy

Germany warns entire industries could stop due to gas shortage

7 days ago   |   By RT

The stoppage could be for a prolonged period, according Economy Minister Robert Habeck
Germany could be forced to close down entire industrial sectors if there is a nationwide natural gas shortage, Economy Minister Robert Habeck told the newspaper Der Spiegel on Friday.
“All factory activities will be suspended. It will be a disaster for some industries. And we are not talking about two days or weeks, but about a long time. We are talking about people, who will lose their jobs and regions that will lose entire industrial complexes,” Habeck said.
The minister insisted, however, that Germans...
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Summer Preview: Rolling Blackouts, Higher Gas Prices, Natural Gas Rationing In Europe And A Historic Diesel Crisis

Summer Preview: Rolling Blackouts, Higher Gas Prices, Natural Gas Rationing In Europe And A Historic Diesel Crisis

7 days ago   |   By The Economic Collapse

Almost everyone has heard about the rapidly growing global energy crisis by now, but most people assume that this crisis will eventually go away because they think that authorities have everything under control. Unfortunately, that is not true at all. This crisis has taken our leaders by surprise, and now many of them have shifted into panic mode because they realize that there will be no easy fixes. Decades of neglect and foolish decisions have brought us to the precipice of a nightmare, and many of us are going to be absolutely astonished by some of the things that happen in the months...
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German Minister Warns Of ‘Catastrophic' Industrial Shutdowns And Mass Unemployment If Gas Crisis Continues

German Minister Warns Of ‘Catastrophic' Industrial Shutdowns And Mass Unemployment If Gas Crisis Continues

7 days ago   |   By Forbes

Robert Habeck accused Putin of reducing gas supply to drive prices up in an effort to stir insecurity and populism in Europe.
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Germany says its energy crisis may trigger Lehman-like contagion as the country moves a step toward to natural-gas rationing

7 days ago   |   By Business Insider

Germany accuses Russian President Vladimir Putin of an "economic attack" as Gazprom slows natural-gas supplies to Europe. Mikhail Metzel/Sputnik/AFP via Getty Images
Germany's economy minister warns of a "market collapse" if natural-gas prices continue to soar.
Germany has triggered the second stage of its three-stage emergency gas plan on supply fears.
That's after Russia -citing a techincal reason - slowed piped natural-gas supplies to Germany.
Germany warned the country's energy crisis may trigger a "Lehman effect" across the utility sector as it moved one step closer to rationing...
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