NatGas Bottlenecks Threaten Entire Industries in Germany
Published: Jul 3, 2022
Updated: Jul 4, 2022
More daunting news from Germany. Today the head of the German Federation of Trade Unions warned:
Because of the gas bottlenecks, entire industries are in danger of permanently collapsing: aluminum, glass, the chemical industry. Such a collapse would have massive consequences for the entire economy and jobs in Germany.
The union head – Yasmin Fahimi – will be in crisis talks with Chancellor Olaf Scholz on Monday.
She warned that if the crisis isn’t handled well the results could be “social and labor unrest.”
On this blog: European Factory Closures May Become Common
Bloomberg: Germany Risks a Cascade of Utility Failures, Economy Chief Says
The Guardian: ‘We were all wrong’ how Germany chose dependence on Russian energy