Putin’s Gas Strategy Gives Germany Only Bad and Worse Choices

Sharing is Caring!

In 2018, German government officials war-gamed  a massive natural-gas shortage. With the real thing looming, the lessons are sobering. Some hospitals, nursing homes and jails were forced to close; companies shut; livestock was left to die; hundreds of thousands of jobs vanished; rationing for households was imposed, according to the official account of the crisis-management exercise.

In just a few weeks, Germany will face the same dilemma that Poland and Bulgaria encountered a few days ago: pay for Russian gas on Vladimir Putin’s terms, effectively breaching European sanctions, or see the Kremlin close the valves.

Going “cold turkey” on Russian gas sounds like a brilliant political slogan, but the reality is untold economic damage for Germany. Let’s not sugarcoat it: The recession will be brutal. Reading the lessons of 2018 and talking to those who participated in it, I would not want to be in Chancellor Olaf Scholz’s shoes.

www.bloomberg.com/opinion/articles/2022-04-29/on-russian-gas-germany-has-bad-options-or-worse-options?cmpid=BBD042922_CUS&utm_medium=email&utm_source=newsletter&utm_term=220429&utm_campaign=closeamericas

See also  The baby formula shortage continues to grow worse, with stocks down to 50% in many major metro areas in the country.
Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  Germany faces an economic struggle with stagflation on the menu

Views: 62

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.