“We’re Facing The Biggest Crisis The Country Has Ever Had”: President Of German Employers’ Association Warns Of Historic Crisis Over Russian Gas Cut | ZeroHedge


Germany is facing an unprecedented crisis due to a potential Russian gas cut that will erase the prosperity Germans have grown accustomed to, warned Rainer Dulger, head of the Confederation of German Employers’ Associations.

“We are facing the biggest crisis the country has ever had. We have to be honest and say: First of all, we will lose the prosperity that we have had for years,” Dulger told the Süddeutsche Zeitung regarding the consequences of a gas shortage to everyone.

While many are urging more government intervention to help prop up the German economy, Dulger argues that in general, the fewer the interventions, the better. He says that when it comes to the economy, private businesses always do better than the government.

However, he does believe certain measures need to be implemented to provide support for people in increasingly stressed economic situations.

“More net earnings from the gross amount must now arrive into every citizen’s account,” he claimed, emphasizing the importance of not reducing the net income of the citizens and ensuring the fair redistribution of profits generated during the crisis.

Dulger is not the only one warning of a crisis in Germany. Economy Minister Robert Habeck warns of a “catastrophic winter” ahead over Russian gas cut fears.

According to him, Germany will face a “crucial test that we haven’t faced for a long time.”

Other experts are predicting mass bankruptcies, inflation, and energy rationing that will send “shockwaves” through the German economy.

The Tribulation is commencing…

Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.

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