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German industry: Gas rationing plan would cripple economy

From dw.com

Germany's industrial sector has sounded the alarm over a new emergency warning system to manage the country's energy security in case Russia cuts supplies of natural gas. German Economy Minister Robert Habeck on Wednesday announced a three-stage alert system that would ultimately give households and hospitals priority over industrial firms if gas usage had to be rationed. The Kremlin upped the stakes in its standoff with Europe last week, by saying that "unfriendly" states would have to pay for their gas in rubles instead of euros or dollars. G7 nations rejected the demand but the uncertainty has sparked fears that ... (full story)

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  • Category: Fundamental Analysis