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.
The Green minister’s comments come as Germany enters an economic and social tailspin 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. According to a report by Der Spiegel, the resultant gas crisis caused by the Kremlin turning down the taps has left Germany in an extremely vulnerable economic position, with Habeck himself now expressing concern that an ensuing economic crisis could lead to social unrest in the country..............Gas Crisis: Rising Energy Prices Could See Germany’s ‘Social Peace’ Collapse
My Take - Schadenfreude!
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