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German hospitals face bankruptcy


The country’s health minister warned Berlin to act “quickly and decisively” to avoid hospital closures

Many hospitals in Germany could be forced into bankruptcy due to soaring energy prices and inflation, unless the federal government offers some form of support, Health Minister Karl Lauterbach said on Sunday.

“If we don’t react quickly and really aggressively, there will be closures.” Lauterbach told TV station ARD. He stopped short of assessing the scale of the potential crisis, but admitted that “Hospitals will face very serious liquidity problems over the next few months.”

German Hospital Federationcomplainlast week that the funding gap could reach around 15 billion euros in 2022 and 2023, but Lauterbach brushed that estimate aside and said that no one can predict how expensive electricity will be next year. However, the union says the extra energy costs only make up about a third of that total, while the rest is“Increased raw material costs are not refinanced”due to soaring inflation.

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German inflation hits post-unification high

The chief medical officer is scheduled to meet finance minister Christian Lindner on Tuesday to discuss potential forms of support the government could provide, but has now ruled out creating a dedicated federal fund. specifically to help keep healthcare facilities running.

“Hospitals are in a very special situation,”he said, but“We can’t create separate special funds for each sector.”

German Hospital Federation complain last week that the funding gap could reach around 15 billion euros in 2022 and 2023, but Lauterbach brushed that estimate aside and said that no one can predict how expensive electricity will be next year. However, the union says the extra energy costs only make up about a third of that total, while the rest is “Increased raw material costs are not refinanced” due to soaring inflation.

Annual inflationary in Germany continued to grow in double digits, accelerating to 10.9% in September, final data from the Federal Statistics Office (Destatis) said on Thursday. The inflation rate has reached “All-time high since German reunification”, Destatis President Georg Thiel said, quoting “Price has increased enormously” for energy products, as well as the cost of food, is the main cause of high inflation.

Germany’s leading economists recently warning that skyrocketing gas prices could push the EU’s largest economy into recession. They forecast that Germany will be among the countries hardest hit by the global economic slowdown next year.

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Nord Stream spoilers put EU in ‘energy poverty’ – Moscow

The EU is currently grappling with a severe energy crisis, with gas prices hitting record levels, boosting overall inflation. Russia supplied more than 40% of the EU’s gas needs before the start of the military campaign in Ukraine and the sanctions that followed. Supply has fallen dramatically this year, exacerbating an energy crisis as the bloc seeks to reduce its reliance on Russian energy and punish Moscow.

German energy giant EnBW AG announced on Tuesday that gas prices for households will rebound by an average of 38%, starting December 1. The announcement comes around approx. three months after the previous increase took effect.

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