{"id":562275,"date":"2022-12-16T08:26:30","date_gmt":"2022-12-16T13:26:30","guid":{"rendered":"https:\/\/goldtadise.com\/?p=562275"},"modified":"2022-12-16T08:26:30","modified_gmt":"2022-12-16T13:26:30","slug":"germany-unleashed-half-trillion-dollar-energy-bazooka-to-keep-lights-on","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=562275","title":{"rendered":"Germany Unleashed Half-Trillion Dollar &#8216;Energy Bazooka&#8217; To Keep Lights On"},"content":{"rendered":"<p>According to\u00a0<a href=\"https:\/\/www.reuters.com\/business\/energy\/germanys-half-a-trillion-dollar-energy-bazooka-may-not-be-enough-2022-12-15\/\">Reuters<\/a>\u00a0calculations, Germany has hemorrhaged cash to the tune of 440 billion euros ($465 billion) in energy bailouts and schemes, as well as keeping energy supplies flowing while it lost access to inexpensive natural gas from its leading supplier Russia in 2022.<\/p>\n<blockquote><p><em>&#8220;How severe this crisis will be and how long it will last greatly depends on how the energy crisis will develop,&#8221; said Michael Groemling at the German Economic Institute (IW). He added: &#8220;The national economy as a whole is facing a huge loss of wealth.&#8221;<\/em><\/p><\/blockquote>\n<p>Reuters said the\u00a0<em>&#8220;cumulative scale&#8221;<\/em>\u00a0of energy bailouts and other schemes employed by Berlin equates to 1.5 billion euros per day since Russia invaded Ukraine, or about 12% of national economic output, or 5,400 euros for each German.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/commodities\/germany-unleashed-half-trillion-dollar-energy-bazooka-keep-lights\">https:\/\/www.zerohedge.com\/commodities\/germany-unleashed-half-trillion-dollar-energy-bazooka-keep-lights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to\u00a0Reuters\u00a0calculations, Germany has hemorrhaged cash to the tune of 440 billion euros ($465 billion) in energy bailouts and schemes, as well as keeping energy supplies flowing while it lost access to inexpensive natural gas from its leading supplier Russia &hellip; <a href=\"https:\/\/goldtadise.com\/?p=562275\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2948,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-562275","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/562275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2948"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=562275"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/562275\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=562275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=562275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=562275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}