{"id":62910,"date":"2022-06-17T05:45:27","date_gmt":"2022-06-17T10:45:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62910"},"modified":"2022-06-17T05:46:24","modified_gmt":"2022-06-17T10:46:24","slug":"winter-is-coming-german-agency-head-warns-of-gas-shortages-bankruptcies-and-massive-price-hikes-that-will-send-shockwaves-throughout-the-country","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62910","title":{"rendered":"Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send \u2018shockwaves throughout the country\u2019"},"content":{"rendered":"
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Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send \u2018shockwaves throughout the country\u2019<\/a><\/h3>\n
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Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head<\/strong><\/p>\n<\/div>\n<\/div>\n

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A gas shortage and high prices will send \u201cshockwaves through the country,\u201d leading to landlords cutting the heat for tenants and widespread company bankruptcies, warned Klaus M\u00fcller, the head of Germany\u2019s Federal Network Agency, which is the regulatory office for electricity, gas, telecommunications, postal services, and railway markets.<\/p>\n

M\u00fcller paints a bleak picture about the crisis in an interview with German newspaper\u00a0Rheinische Post<\/a>, saying it will \u201csend shockwaves throughout the country. Banks will ramp up their business with installment loans, and ailing companies will fall into insolvency.\u201d<\/p>\n

M\u00fcller\u2019s office, which is a federal agency within the Federal Ministry for Economic Affairs and Climate Action, has a bird\u2019s eye view of the economic situation in Germany and also special insight into how economic conditions will develop into the future.<\/p>\n

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\"Germany,<\/div>\n
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As Germany prepares for crisis, one German energy expert is warning of a situation \u201cwhere markets simply stop functioning\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n

M\u00fcller says he expects gas prices to continue to climb, resulting in increased inflation that goes far beyond energy. He also warns that there will be a dramatic lack of gas in the winter, which could lead to landlords turning down the heat to save on energy. In turn, Germans may have to grapple with colder apartments.<\/p>\n

In a sign that the German government is operating under the assumption that a potential crisis could develop in winter, there are already talks about potentially lowering heating requirement for landlords.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send \u2018shockwaves throughout the country\u2019 Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head A gas shortage and high prices […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[3903,8715,359,32973,13351,32974,694],"class_list":["post-62910","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-bankruptcies","tag-gas-shortages","tag-germany","tag-john-cody","tag-price-inflation","tag-remix-news","tag-russia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62910"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62910\/revisions"}],"predecessor-version":[{"id":62912,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62910\/revisions\/62912"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}