06-07-2022, 09:24 AM
BERLIN—Germany paved the way Tuesday for injecting billions of taxpayer money into embattled energy suppliers, as the country braces for a stop to Russian natural-gas imports—a scenario many economists think would trigger a severe recession.
Berlin said it was rewriting legislation going back to the 1970s oil shock, enabling the government to inject capital into energy companies that are struggling with rocketing gas prices and dwindling Russian supplies to ensure they keep delivering power and heat to companies and households.
https://www.wsj.com/articles/germany-to-...1657032009
Berlin said it was rewriting legislation going back to the 1970s oil shock, enabling the government to inject capital into energy companies that are struggling with rocketing gas prices and dwindling Russian supplies to ensure they keep delivering power and heat to companies and households.
https://www.wsj.com/articles/germany-to-...1657032009