The inflation situation severely pushes another 65 billion euros in Germany

German Chancellor Olav Tanderz announced on the 4th that the third round of bailout plan since mid -February, with a amount of 65 billion euros, aiming to help German people and enterprises deal with severe inflation.

After the discussion of the ruling league overnight, Tonalz announced the latest plan at a press conference on the 4th. He said that "very clearly" that many Germans are difficult to bear the rising prices, and the German government treats the people's concerns "very, very seriously", and believes that Germany can "survive this winter."

The total two rounds of bailout measures launched by the German government reached 30 billion euros. However, as some measures expired at the end of August and the inflation rate remained high, the government faced the pressure of taking out a new plan. In August, the inflation rate in Germany had ended for two consecutive months, and the annual inflation rate rebounded to 7.9%, which was the highest since May of the 1970s. According to Agence France -Presse, soaring energy prices may push the inflation rate to about 10%at the end of the year.

Two days ago, the German government released the latest rescue measures, Russia announced that due to multiple failures, the "Beixi-1" natural gas pipeline to Germany will completely stop the gas transmission until the failure is eliminated.

On the 4th, Tsubitz blamed German energy prices on Russia, saying that Russia was "no longer reliable energy suppliers." Russia stated that it was the EU and the United States' unprecedented sanctions on Russia due to the Ukraine crisis that pushed up its energy prices unprecedentedly.

On the 2nd, the Russian side announced that the "Beixi-1" will be completely stopped on the day, and US Treasury Secretary Jennite Yellen said that the Treasury Secretary of the Seven Kingdoms has reached an agreement to restrict Russia's oil prices. Dimitri Modewev, vice chairman of the Russian Federal Security Conference, warns that if the EU implements the price limit, Russia will no longer supply natural gas to Europe.

Reuters quoted market analysts on the 4th that the price of the European natural gas trading market on the 5th is expected to rise again. Although European countries such as Germany are trying to reduce or even get rid of dependence on Russia's energy, British "Aurora" Energy Research Company Analyst Jacob Mandel believes that replacing Russia's natural gas will be "increasingly difficult."

The gas storage of natural gas storage facilities in Germany reached 85.02%of its "library capacity" on the 2nd, and approximately one month in advance. However, according to Claus Miller, director of the Federal Network Bureau of Germany, if Russia's natural gas is completely "disconnected", even if Germany's gas storage reaches 100%, it will be exhausted within two and a half months. (Hui Xiaoshuang) (Special Special Draft for Xinhua News Agency)

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