Posted on 07/05/2022 7:15:42 PM PDT by bitt
A potential cutting-off of Russian gas would lead to recession and “chaotic conditions”, various German officials are now warning.
Former U.S. President Donald Trump’s warning that Germany’s addiction to Russian gas would have extremely negative long-term consequences appears to have been proven prophetic, with officials in the country now warning of “chaotic conditions” and severe economic recession should they lose access to Moscow’s supply.
The warnings come as Germany starts to fret that when the Kremlin turns off gas on July 11th to do annual maintenance on the gas line between the two countries, Russian authorities will use technical problems as an excuse so as not to turn the supply back on again — a move that would reportedly see the German economy tank by around €200 billion within six months.
According to various European and German news sources, the country’s officials are now firefighting regarding the possible worsening of the already severe gas crisis which has seen one major energy company enter existential financial difficulty.
In response to the financial problems such a loss of gas will cause, POLITICO is reporting that the German government is now looking to pass emergency legislation imposing a financial levy on all energy companies — whether they are involved in Russian gas imports or not — to split the costs of rising prices in an attempt to keep infrastructure afloat.
Such a move would be an alternative to simply passing on the costs of higher energy to the end-user, a move that some in the industry warn would simply result in people being unable to pay their bills, subsequently causing local energy suppliers to collapse.
(Excerpt) Read more at breitbart.com ...
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Trump was right again 🤪
Trump Vindicated is a Very Long List. A list that will never be reported by the MSM or ever acknowledged by The Swamp. Ever.
VIDEO: Trump went to the UN and called out countries for relying on Russian oil
The German delegation was caught on camera laughing at him for saying it
https://rumble.com/vwps7b-trump-went-to-the-un-and-called-out-countries-for-relying-on-russian-oil.html
Anyone else remember Trump chewing out Merkle for her gas deal with Russia? The DNC press went nuts. How dare he!?
16 years of Merkel, the East German who loves Russia, speaks fluent Russian, loves Putin.
They reap what they sow.
Isn’t this the annual two week summer maintenance, NOT a permanent cutoff?
Common sense something the Left has none of ,LOL
Merkel is a Russian Spy
LOL....do you have that on good authority? :-)
Be a real shame if they couldn’t get the parts they need, because of sanctions….
Truth and facts are so much easier. Just requires patience. If 45 runs will they allow debates??
Where is the crash program to recommission coal fired power plants or to try to get some new ones ready as soon as possible?
How about recommissioning the nuclear power plants they shut down just within the last few years? They need to get moving on this.
Germany wasn’t forced to sanction Russia’s gas supplies they did it to themselves.
Trump warned all of them in the bluntest of language. The Hubristic Eurotrolls in charge paid him no mind. After all, who is this coarse American to tell us how to manage our affairs? We have played the Americans for hundreds of billions over the years, and we know how to buy off Russia. So it is to laugh.
Correct...there’s always a period of summer maintenance. I suspect the worry is that something will be found to be a problem, and replacement parts can’t be procured because of the sanctions.
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