Federal Finance Minister Robert Habeck (Greens) rejects Finance Minister Christian Lindner’s (FDP) plans for tax breaks, according to Handelsblatt. Last week, Lindner introduced a bill to reduce the additional tax burden. Regarding this, Habeck stated: “I don’t see how we can represent in this situation that those who need less support are absolutely more relieved.” […]
Tag: Germany
Germany-Bafin warns: ‘Double-digit number of banks will face serious problems’
Financial regulator Bafin sees tough times ahead for German banks. The rapid rise in market rates could cost many small and medium-sized institutions, executive director Raimund Röseler warned in an interview with Handelsblatt. “My guess is that a lower double-digit number of banks will be in serious trouble.” Brokerages had provided long-term loans at low […]
Lindner’s letter to Brussels on the exemption from VAT on the natural gas tax
German Finance Minister Christian Lindner has written to the European Commission asking for permission to waive value added tax on a new levy on the price of natural gas for a limited time, according to a copy of his letter seen by Reuters. Germany’s natural gas market operator is due to announce on Monday the […]
Welt: Gazprom donated 192 million euros to the German ‘Climate Foundation’
Once again, the so-called Climate Foundation in Germany had to reveal sensitive key data about its business activities, according to a report by Welt am Sonntag. They show how generous the Kremlin’s Gazprom company was in using the foundation to complete the Nord Stream 2 pipeline in the Baltic Sea. More and more details are […]
Germany: Gas storage tanks 75% full
The first gas storage target under the new EU regulation was reached more than two weeks early: Despite a significantly reduced volume of deliveries from Russia for weeks, German gas storage facilities are again more than 75 percent full %, according to Spiegel. According to preliminary data from European gas storage managers on Saturday night, […]
Germany: Demonstrators-police clashes at a climate protest in Hamburg
Clashes broke out between protesters and police at a climate protest in Hamburg, a major German port, yesterday Saturday. According to the police, protesters who had blocked the Katwick Bridge attacked officers using pepper spray. Police responded by using pepper spray, batons and pressurized water cannons to disperse the crowd. A representative of the organizers […]
Olaf Solz is in Canada from August 21-23
German Chancellor Olaf Scholz will be in Canada from August 21 to 23 to discuss with Prime Minister Justin Trudeau the two countries’ support for Ukraine, energy security and energy transition issues, Ottawa announced Saturday. During his visit the chancellor will visit Montreal, Toronto, as well as Stephenville, Newfoundland and Labrador. During their talks in […]
SZ: It will be cold in winter in Germany…
Long Habeck interview on SZ. As the newspaper notes on its front page, a bitter winter is coming with 19 degrees in public buildings and “black” in the monuments. “Pool weather, tropical nights – Real cold seems infinitely far away these days in Germany. But the federal government is preparing for a winter in which […]
SZ: It will be cold in winter – German ‘money is there’ to support households
Long Habeck interview on SZ. As the newspaper notes on its front page, a bitter winter is coming with 19 degrees in public buildings and “black” in the monuments. “Pool weather, tropical nights – Real cold seems infinitely far away these days in Germany. But the federal government is preparing for a winter in which […]
Germany-IW Study: More than 300,000 unemployed due to high gas prices
Energy is becoming increasingly expensive – even in the medium term. If the price of natural gas doubles in the autumn, inflation will rise by up to four percentage points next year, new simulations by the Institute for German Economics (IW) show. By the end of next year, 337,000 people could lose their jobs as […]
