German families can no longer pay their high gas and electricity bills, according to Junge Welt.
The social association VdK has warned of a wave of private bankruptcies in light of terrifying price increases.
“More and more people are no longer able to pay their high discounts on gas and electricity bills. If a family of four suddenly has to spend an extra 1,000 euros a month on gas, the average income is no longer enough,” said VdK president Verena Bentele.
Many families are left “sitting entirely on their own because they are generally not eligible for basic security or housing benefits.” According to Bentele, many of those affected face “private bankruptcy in the short or long term”.
An emergency fund is therefore required in all federal states as soon as possible. This is intended to support people “at risk of losing their homes or having their electricity and gas cut off by utility companies because they cannot pay their bills,” the association said in a statement.
Meanwhile, the federal government is investing billions more in the energy sector, and Uniper, under an agreement with majority owner Fortum, is taking over about 99 per cent of the state. The company, on which many utilities depend, received about half of its gas imports from Russia and has consequently been in a tight spot since the FRG was involved in the West’s economic war against Moscow. It has now decided to increase its capital by around eight billion euros from the state treasury.
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