German govt worsens H2 outlook over energy crisis

The German Economy Ministry revised down its economic outlook for the second part of 2022 on Friday, blaming the decline in gas deliveries from Russia that have boosted the ongoing energy crisis across the continent and brought “significantly poorer prospects.” The situation deteriorated further due to persisting supply constraints and the overall uncertainty prompted by the war in Ukraine and the coronavirus pandemic. Responding to soaring costs of living, the federal government announced earlier this week a €10 billion tax relief plan. The euro strengthened against the dollar over the past month to return to levels seen in early July, however declined 0.24% to $1.02967 at 10:48 am CET. NN: Europe is so fucked… The greeneewinnies really did it this time. But they are not giving up the ghost. SO that means by not embracing nuclear, coal and oil as sources of energy they will destroy the economy. Its just a question have much pain until the masses rise up and throw the bums out.