4 ms·

I read a great reader comment on the topic (also in German so try DeepL) https://blog.fefe.de/?ts=9cb54d35 https://blog.fefe.de/?ts=9cb54d35 Its a political pu

I read a great reader comment on the topic (also in German so try DeepL) https://blog.fefe.de/?ts=9cb54d35 https://blog.fefe.de/?ts=9cb54d35 Its a political push and pull about who defaults on the existing contracts on gas import, seeing as Russia wants to be payed in ruble now, while Germany would prefer the payments to be stuck on a EU bank account as a form of reparation payments to the Ukraine. To prevent this outcome, Russia in effect might be liquidating the Gazprom Germania. With Gazprom Germania being the ones doing the actual importing. Over the last weekend there was a change in ownership of the Gazprom Germania to new unknown owners. So they might be already bankrupt. To prevent this, Germany is now seizing control of Gazprom Germania and might be on the hook to prevent an insolvency to not default on the contracts with Russia. In short, the German government fucked up majorly. edit: Check "throwhow"s post in this thread for a longer summary

mkoryak 5y ago
I am curious, why is this being downvoted?
- gumby 5y ago
  Because ultimately it makes a strong assertion that the German government fucked up without supporting it. There’s nothing wrong with saying the government fucked up (though I don’t think it did). But the non sequitur opinion doesn’t add to the discussion.
  - cf141q5325 5y ago
    Its the summary of the commentary. I dont think you can justify not mentioning that bias.
the_mitsuhiko 5y ago
That comment is way to emotional to give it more than a few minutes of thought. It mixes facts with an unnecessary reaching commentary.
- cf141q5325 5y ago
  Facts and opinion are rather easy to distinguish though. Its the shortest description i could find of the structure and mechanism in play. If there is a problem with that part, pls do share.
foepys 5y ago
The author of this blog is Fefe who is known for his strong pro-Russian bias. He told the world up until February 23rd that everybody was dumb to believe that Russia would invade. I would not believe anything Fefe says on his blog, ever. He dips into conspiracy theories time and time again and when he gets proven wrong he just says that it was meant to be "media competency training".
- cf141q5325 5y ago
  Its a readers comment. But either way, you not liking the author doesnt mean the summary of the situation is untrue. In case somebody can refute the explanation (or give a better one) of the Gazprom structure and motivation, i would be happy to hear the problem with it. As i see it, despite the rambling its a short and concise explanation of who does what why.
ricardobayes 5y ago
I completely agree with a part of the comment that DE gov't probably didn't consider a long war or a long bad relation with RU. If they did, there wouldn't have been blocking Spain's proposal to supply EU with Algerian and Moroccan gas. And they would have been looking into incentivizing solar, geothermal, etc. with immediate effect. Since German heavy industry is very dependent on Russian gas, if it's not coming, it's almost guaranteed a global economic meltdown much like 2008. Since it's not coming from banks liquidity this time, we are unprepared for it.
- screenbreakout 5y ago
  I don't know where to add this question without it seeming off subject, but seeing as we're heading into spring, seeing Germany has quite a wealthy economy and QOL, that many if not most workers get 5 weeks of holiday, the chip shortage is leading to slowdowns in the automotive industry etc... why doesn't the government just go cold turkey, give people a month or 2 free holidays while drastically reducing public lighting, telling businesses to stop heating their premises at night etc etc... I mean we had a dress rehearsal 2 years ago with the onset of Covid, this would be better ,for a good cause, probably give a boost to domestic spending and send a f...U to the rest of the world saying we too can think outside of the box :-)

mkoryak 5y ago

I am curious, why is this being downvoted?

gumby 5y ago
Because ultimately it makes a strong assertion that the German government fucked up without supporting it. There’s nothing wrong with saying the government fucked up (though I don’t think it did). But the non sequitur opinion doesn’t add to the discussion.
- cf141q5325 5y ago
  Its the summary of the commentary. I dont think you can justify not mentioning that bias.

the_mitsuhiko 5y ago

That comment is way to emotional to give it more than a few minutes of thought. It mixes facts with an unnecessary reaching commentary.

cf141q5325 5y ago
Facts and opinion are rather easy to distinguish though. Its the shortest description i could find of the structure and mechanism in play. If there is a problem with that part, pls do share.

foepys 5y ago

The author of this blog is Fefe who is known for his strong pro-Russian bias. He told the world up until February 23rd that everybody was dumb to believe that Russia would invade. I would not believe anything Fefe says on his blog, ever. He dips into conspiracy theories time and time again and when he gets proven wrong he just says that it was meant to be "media competency training".

cf141q5325 5y ago
Its a readers comment. But either way, you not liking the author doesnt mean the summary of the situation is untrue. In case somebody can refute the explanation (or give a better one) of the Gazprom structure and motivation, i would be happy to hear the problem with it. As i see it, despite the rambling its a short and concise explanation of who does what why.

ricardobayes 5y ago

I completely agree with a part of the comment that DE gov't probably didn't consider a long war or a long bad relation with RU. If they did, there wouldn't have been blocking Spain's proposal to supply EU with Algerian and Moroccan gas. And they would have been looking into incentivizing solar, geothermal, etc. with immediate effect. Since German heavy industry is very dependent on Russian gas, if it's not coming, it's almost guaranteed a global economic meltdown much like 2008. Since it's not coming from banks liquidity this time, we are unprepared for it.

screenbreakout 5y ago
I don't know where to add this question without it seeming off subject, but seeing as we're heading into spring, seeing Germany has quite a wealthy economy and QOL, that many if not most workers get 5 weeks of holiday, the chip shortage is leading to slowdowns in the automotive industry etc... why doesn't the government just go cold turkey, give people a month or 2 free holidays while drastically reducing public lighting, telling businesses to stop heating their premises at night etc etc... I mean we had a dress rehearsal 2 years ago with the onset of Covid, this would be better ,for a good cause, probably give a boost to domestic spending and send a f...U to the rest of the world saying we too can think outside of the box :-)