Economy

Eurozone disaster backfires as southern states blame Germany for gasoline | European Union

A decade after its authorities warned southern European nations to do their “homework” on painful fiscal reforms to finish the sovereign debt disaster, Germany is slowly coming to phrases with the standard actuality of being worst at school on the subject of dependence on Russian gasoline will adapt.

As EU international locations have struggled in latest days to provide you with emergency proposals to curb their gasoline wants in response to cuts in Russian gasoline provides to Europe, southern states have made it clear they don’t wish to signal as much as a uniform 15% gasoline minimize throughout the nation. an power combine weak to Germany. A deal was lastly reached on Tuesday.

Teresa Ribera, Spain’s transition minister for the setting, added: “They can’t ask us to make a sacrifice for which they haven’t requested us to assume.”

Whereas Germany depends on Russian imports for almost 1 / 4 of its gasoline wants till the top of June and is scrambling to develop infrastructure for liquefied pure gasoline (LNG) imports, Spain has massively expanded its LNG infrastructure and now depends on Russian gasoline. doesn’t import

Utilizing a phrase in style with German ministers on the top of the eurozone disaster, Ribera stated: “Now we have executed our homework.”

Different southern states, similar to Portugal and Italy, have additionally proven their opposition, forcing them to desert emergency plans that will have allowed them to observe totally different nationwide paths to arrange for Russian provide cuts.

The change of the desk within the block of European international locations didn’t depart Germany with out impact. “Süddeutsche Zeitung” newspaper writes: “Some states suffered nice losses in the course of the monetary disaster and had been compelled to hearken to the lectures of the Germans.” “And now they are going to save gasoline massively to save lots of the identical Germans who introduced this on themselves with dangerous power insurance policies.”

“The pledge causes a number of damages [German] the governments which might be lagging behind within the European Union are too massive,” writes the newspaper Frankfurter Allgemeine. “In building [the pipeline] “North Stream 1” they ignore the power and safety pursuits of Poland and different Central and Japanese European international locations. And they need to have at all times identified finest, most not too long ago in the course of the taxonomic disagreement over nuclear power.

On Monday, the Russian state-owned firm Gazprom introduced that it’ll scale back the gasoline supply to Europe by the “North Stream 1” by half from Wednesday to twenty% of the capability of the gasoline pipeline.

The corporate pointed to tools repairs on the beforehand unnamed turbine, which Robert Habeck, Germany’s power minister, described Monday evening as a false pretext and a “tragic story.”

“Putin is taking part in a misleading sport,” Habek advised dpa. “He’s attempting to weaken the good assist from Ukraine and assault our society. For this he creates uncertainty and raises costs. We’ll resist this with unity and concentrated motion.”

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