Germany push 65 billion euros bailout plans

Author:Global Times Time:2022.09.06

In Europe's most serious energy crisis for decades, the German government announced on the 4th that it launched a relief plan with a total value of 65 billion euros to alleviate the negative impact of soaring energy prices on the people. Russian experts said that the bailout plan proposed by Tonalz will lead to further increase in inflation. By next winter, the German government may "do nothing."

According to the German "Photo" reported on the 5th, the German ruling alliance reached an agreement after 22 hours of consultation. German Prime Minister Tsurtz said at a press conference on the 4th that "very clear" many Germans could not bear the continuous rise in prices. The German government treated the public "very and seriously". It is believed that Germany can "survive this winter "". According to Shuoerz, the plan includes promoting the reform of the energy market and limiting the price of energy transactions. The focus is on the form of "excessive profit tax" to "crack down on energy suppliers" and use taxes to fund various items for various items Rescue measures.

According to the German agency, Germany's electricity price is determined by natural gas prices. Due to high price of natural gas, energy producers with non -natural gas power generation such as wind, solar, biofuels, coal, and nuclear energy are earning excess profits. Under the new mechanism, the government will levy huge profit taxes to relevant power manufacturers to subsidize electricity prices. In addition, the government will provide a number of performance subsidies of a maximum of 300 euros per person.

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, Germany's inflation rate ended for two consecutive months, and the annualized inflation rate rebounded to 7.9%, which was the highest since the oil crisis of the 1970s and the unity of Germany.

Balcic, the leader of the German left -wing party council, accused the rescue plan of "disappointment in many aspects", "Germany has not prepared for winter, these plans cannot prevent the avalanches that may sweep in Germany in winter." Germany's selection of the party criticized the plan for "disagreement" and asked Germany to end the economic war with Russia and let the "Beixi-2" natural gas pipeline put into operation.

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. According to the London Intercontinental Exchange data, in the context of "Beixi-1" comprehensively stopping gas supply, the price of natural gas in Europe has skyrocketed by 30%on the 5th, more than $ 2850/thousand cubic meters. 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 energy prices. Today, Russia's TV station quoted Russian political analysts Matvicov on the 5th that Germany purchased natural gas from all over the world at an amazing price. It will be able to spend this winter, but in the context of the decline in industrial production, the Souls government The proposed bailout plan will lead to further increase in inflation. "Shuorz must understand, this is not the last winter, what other countermeasures are available?"

Due to the continuous deepening of the European energy crisis, European countries are generally plagued by the rise in energy prices, and people's livelihood and industry have been seriously affected, causing extensive concerns. On the 5th, Tras, who was elected as the British Conservative Party, wrote on the 4th in the British "Sunday Telegraph" that she would propose a response to high -electricity prices on the first week of the last week. The British media quoted sources as saying that Tras may announce the upper limit of electricity bills for British families.

The Swedish and Finnish government announced on the 4th that it plans to provide tens of billions of euros of liquidity guarantee to domestic power producers to avoid financial crisis. Finnish Minister of Economic Affairs Lindley said: "This (turbulent power market) constitutes the element of" Lehman Time "in the energy industry." Flekllett, an economic expert at the Swedish Enterprise Federation, said that the Swedish power crisis was mainly "caused by itself. ", The government's current emergency measures will work in the short term. However, in the long run, in order to cope with the problem of power shortage, the Swedish government needs to overcome political obstacles and further promote the production of powerless fuels such as hydropower, wind power, and nuclear power, while improving the power transmission capacity. ▲

Our newspaper in Sweden and German special reporters Yin Miao Qingsu special reporter Liu Zhi

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