Germany’s economics minister believes that his country could soon face a collapse of “social peace” as a result of rising energy prices.
A loss of spending power and a “credit crunch” brought about by the sudden spike in energy prices could bring about serious problems for Germany’s “social peace”, the country’s economic and climate minister, Robert Habeck, has said.as a result of Russia’s move to cut considerably the amount of gas it is supplying to the country, seemingly in response to the host of sanctions imposed on Vladimir Putin’s country by the West.
“Social peace in Germany is being severely challenged and strained,” the minister reportedly admitted, citing a possible slipping of the German economy.for the Canadian government to release a spare part for the main pipeline between Russia and Germany that can only be manufactured in the North American country.
The absence of this part — a turbine manufactured by Siemens Energy AG — has been cited by Russia as the reason it has dramatically reduced the amount of gas it is supplying Germany with. “If it’s a legal question for Canada, I want to make clear that I’m not asking them to deliver it to Russia, but to bring it to Germany,” Habeck said, alluding to sanctions in place against Russia that may be preventing the spare part from being shipped.Trump Vindicated: Germany Braces for 'Chaotic Conditions' Ahead of Feared Loss of Russian Gas
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