- Analytics
- News and Tools
- Market News
- Germany's Habeck: Germany's Russia-dependent energy model isn't coming back
Germany's Habeck: Germany's Russia-dependent energy model isn't coming back
"Germany's Russia-dependent energy model has failed and isn't coming back," German Economy Minister Robert Habeck said on Monday, as reported by Reuters.
Additional takeaways
"We have to swallow bitter medicine to make the shift to a new energy model."
"Gas levy will secure supply."
"Alternative to levy would have been a collapse of the German energy system."
"These measures make us less vulnerable to blackmail."
"We need targeted relief to help people with gas levy."
Market reaction
The shared currency is struggling to stage a recovery and the EUR/USD pair was last seen losing 0.45% on the day at 1.0212.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
