Christian Lindner admits that the government “cannot make up for this loss in prosperity”
The country’s finance minister admitted that the Germans had paid the price for the Russian military campaign in Ukraine.
Speaking to the tabloid Bild, Christian Lindner said that “The Ukraine war, for example, is making us all poorer because we have to pay more for imported energy.”
In an interview published on Sunday, the German minister went on to admit that the government “It is not possible to make up for this loss in prosperity,” on a more positive note, however, the authorities are working to “Cushion for the biggest shocks.”
The current state of the national economy is giving Lindner “Serious concerns” He admits, citing sluggish growth and rising prices. The minister reassures journalists that the government is doing all it can to “Avoid the threat of so-called stagnant inflation.”
Among the measures Berlin is taking is relief for the middle class, supporting the economically vulnerable classes of society and businesses at risk, Lindner said. However, German officials pointed out that due to the country’s limited financial resources, these programs are only temporary.
In the long run, Germany will have to “Place new foundations of prosperity,” Lindner warned, adding that special attention should be paid to the social and ecological aspects.
When asked why Germany still “Putin funding is warmer with our gas and oil imports,” German finance minister argues that Russia’s hydrocarbon supplies have run out “There will be significant impacts on our country.” Lindner clarifies that the potential consequences will go beyond money, affecting “Physical Available Energy” for the Germans. He also praised the recently imposed sanctions on Moscow as “Unparalleled,” emphasizing that sanctions must “Does not jeopardize German stability.”
Lindner also promises that no German will be frozen next winter, like Berlin “Building up reserves and tapping into alternative sources of supply.” The politician pointed out that Germany might consider using “Oil and gas reserves in the North Sea, the extraction of which are so far considered too expensive.”
On top of that, Germany will have to spend a considerable amount of money to put an end to what Lindner describes as “neglect” of the army of this country.
Lindner announced that, despite economic difficulties and massive spending plans in the German budget, there will be no tax increases in the country this year. According to him, some taxes will even be cut, so as not to “Damage to the economic recovery.”
Germany – one of Europe’s industrial powers – is a major importer of Russian natural gas, with 34% of the fuel consumed in the country last year coming from Russia. Berlin also buys a significant amount of Russian oil.
After February 24, when Russia launched its offensive against Ukraine, energy prices skyrocketed, reaching their highest levels since 2008. Although the situation has stabilized somewhat since then, prices have remained high. than at the end of February, causing life to skyrocket. and operating costs for European households and businesses.
Meanwhile, Russian President Vladimir Putin on Thursday signed a decree requiring countries that have imposed sanctions on Moscow to pay for Russian gas in rubles starting April 1. Kremlin spokesman Dmitry Peskov warned that failure to pay in this way would mean the cessation of gas supplies. something that Moscow won’t give away “Free of charge.” Moscow insists that Western sanctions have left Russia with no choice but to switch to its national currency, as dollars and euros can “Take it.”
However, Germany refused to comply with Russia’s demands, describing them as “blackmail” which runs counter to the terms of the existing gas contract.