Scholz promises €65 billion to shield Germans through tough winter

BERLIN: Germany will spend at least €65 billion on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday , two days after Russia announced it was suspending some gas deliveries indefinitely.

In Germany, where year-on-year inflation was running at 7.9 per cent in August, the effect has been exacerbated by Russia's reduction in volumes of gas pumped to the country, which has caused a surge in the price of energy fuelling Europe's largest economy. But while supplies were sufficient, the government would need to help shield consumers and businesses from the higher costs, he said.

Scholz rejected suggestions that losing the steady flows of cheap Russian gas off which Germany has prospered for decades could herald a new, darker era for his country.

Scholz expect Russia to keep supplying gas to the people who sanction Russia ?

'Russia is no longer a reliable energy partner' .. LOL hilarious quote , u dont need a professor to tell him this is what sanctions will do , sanctions dude .

Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles

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