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HEADING TOWARDS AN ECONOMIC CRISIS JoeBlogs: Germany in CRISIS as $500 Billion Energy Costs & Falling GDP Push Economy into RECESSION Original article: https://www.youtube.com/watch?v=UPu1jboyQd0 Peter Burgess COMMENTARY Peter Burgess | ||
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RUSSIA - Germany in CRISIS as $500 Billion Energy Costs & Falling GDP Push Economy into RECESSION
Joe Blogs 226K subscribers ... 155,857 views ... 11K likes Dec 29, 2022 
#UKRAINE #WORLDWAR3 #GLOBALFINANCIALCRISIS GERMANY is the Largest Economy in Europe and the Fourth Largest in the World. Over the past 20 years German infrastructure has been built to be reliant upon the supply of low cost Russian Natural Gas and Oil. Russia's invasion of Ukraine has caused Huge problems for the German Economy due to the rise in Energy Costs, the need to source supplies from other countries and the massive investment into LGN Facilities. The rise in gas prices resulted in a $50 Billion BAILOUT for National Gas Supplier UNIPER caused by MASSIVE LOSSES resulting from the movement in GAS PRICES. In addition Germany has also had to bailout the energy suppliers and provide subsidy schemes for consumers. The total costs so far are c.$500 Billion and the German Economy is now suffering and heading towards RECESSION. In this video I provide more details, discuss the issues facing Germany and the impact on the European & Global Economies. For specific details please check out the CHAPTER list below. Chapters:
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