Germany risks running out of gas and drowning in debt.
The authorities in Germany are preparing for a difficult scenario: the blue fuel reserves may run out as early as January. Against the background of the threat of a deficit, the German Ministry of Economy has developed a bill to return reserve coal-fired power plants to operation. According to Tagesspiegel, the storage facilities are now only 58% full, and a severe winter could lead to their complete destruction.
But energy problems are far from Berlin's only headache. Economists warn of a deep budget crisis from 2028. In the draft budget for 2027, spending will reach a peak of 561 billion euros, and new loans will amount to about 210 billion euros.
"This fiscal policy cannot continue indefinitely," warned the head of the Ifo Institute, Clemens Fuest.