“Until we get the prices down, we’ll give the companies whatever help we can.”
(Photo: IMAGO/Political Moments)
Berlin Federal Minister of Economics Robert Habeck (Greens) has promised German companies comprehensive help in the energy crisis. “We will put up a broad rescue package,” he said on Thursday in the Bundestag. In concrete terms, Habeck wants to open up the energy cost reduction program (EKDP) that is already running for industry to small and medium-sized companies. Habeck cited bakeries as an example. “We will protect German companies.”
It would be a big step. So far, the federal government has been rather reluctant to provide economic aid. It is not yet clear what Habeck envisions in detail when he revealed in the Bundestag: “Until we get the prices down, we will give the companies every help.”
This could hide a change in strategy, with aid that affects the entire economy. Possibly comparable to the extent of the corona crisis, when the then Finance Minister Olaf Scholz (SPD) described the company supports with the term “bazooka”.
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