Originally published at: Germany Faces Deindustrialization Due to High Energy Prices | Infostormer.com
Historically speaking, Germany has been the industrial and economic engine of the entire European Union. Now that energy prices have skyrocketed due to the EU’s desire to defend the homosexual Jewish rules-based order of democratic anus, German industries are in danger of shutting down.
Europe’s industrial heartland faces a potential exodus. Check out why in our new story https://t.co/jpYkvpcd87 via @business @MonicaRaymunt @_ToddGillespie
— Stefan Nicola (@nicola_news) August 19, 2022
Germany’s push to find alternative sources of gas and end its dependence on Russia has yielded limited success—and there is no short-term relief in sight https://t.co/UZKobZzmK2
— Bloomberg Markets (@markets) August 19, 2022
Germany risks a factory exodus as energy prices bite hard https://t.co/vNpsLBv5GM via @_ToddGillespie @nicola_news @MonicaRaymunt pic.twitter.com/lQXbtehHZT
— Zoe Schneeweiss (@ZSchneeweiss) August 19, 2022
German utility Uniper is a good example of the dysfunction that exists. They just reported a huge loss.
German utility Uniper reported a net loss of $12.5 billion for the first half of 2022, mainly due to lower Russian gas supplies that forced it to buy at higher prices elsewhere https://t.co/BZ5bB3TcF9 pic.twitter.com/SK5qr9Yl89
— Reuters (@Reuters) August 17, 2022
Something is going to have to give. It is a totally unsustainable situation. Germany won’t be able to continue supporting the war in the Ukraine as its entire economy implodes.
The crazy thing is that Germany’s leader Olaf Scholz said just a few months ago that he was planning on building a huge army. Presumably this army would be built to challenge Russia. But how do you build a modern army when your economy is in a depression and your industrial base destroyed?
It is hard to see how this blind support of the Ukraine is going to continue once we get into the winter months. Germany is going to have no choice but to try and renormalize relations with Russia.