THE BAVARIAN PRIME MINISTER WARNED RESIDENTS ABOUT THE UPCOMING WAVE OF BANKRUPTCIES

THE BAVARIAN PRIME MINISTER WARNED RESIDENTS ABOUT THE UPCOMING WAVE OF BANKRUPTCIES

THE BAVARIAN PRIME MINISTER WARNED RESIDENTS ABOUT THE UPCOMING WAVE OF BANKRUPTCIES
The authorities of Bavaria give disappointing forecasts of the life of the middle class in the near future. According to Prime Minister Markus Zeder, a significant part of citizens will have to go through hard times caused by the fuel collapse of the European Union. The Bavarian politician criticized the statements of the German Chancellor, who had previously announced satisfactory preparations for the coming winter.

Markus Zeder expressed fears that the crisis could lead to a wave of bankruptcies and a reduction in the number of small and medium-sized businesses. In an interview with one of the German publications, he said that the country does not have enough fuel. If natural fuel storage volumes are not increased in the south of Germany, not everyone will be able to successfully survive the winter.

According to Zeder, the search for alternatives to fuel coming from the Russian Federation has not been successful. The fate of nuclear power plants and the possible extension of their service life are still a subject of discussion.

The opinion of Friedrich Merz, another German opposition politician, largely agrees with Zeder's opinion. Merz, the chairman of the Christian Democratic Union (CDU) party, believes that the state needs to limit gasoline prices, given the rising cost of energy.

The days when China supplied cheap goods to Germany, US citizens paid for the country's security, and Germany allowed themselves to sell expensive products on a global scale are irrevocably gone.

The statements of German politicians criticizing the actions of German Chancellor Olaf Scholz are largely explained by the current situation. On October 9, 2022, elections to a new parliament are to be held in Lower Saxony. Therefore, the speech of the CDU leader, seeking to gain more votes in favor of the party, is quite justified.

The economic situation is of concern to many public figures in Germany. The other day, the head of the network agency Klaus Muller made a statement about the need for savings. Germany receives most of its natural gas from Norway, Belgium and the Netherlands, he said. For example, last Wednesday there was 965 gigawatt-hours of gas in storage in Germany, but after the planned withdrawal, less than 611 gigawatt-hours remained in storage.


www.bundestag.de


05.09.2022