Bunchancellor Olaf Scholz (SPD) continues to focus on economic globalization despite the war in Ukraine and its consequences. He is “against all those who are now promoting the idea of deglobalization,” said Scholz at the traditional employers’ day on Tuesday in Berlin. “We won’t do that.”
The Chancellor advocated further diversification. He explained that there are many influential countries in the South of America, in Africa and especially in Asia, with which cooperation should continue. “Then we will also create the basis for continuing global cooperation in the world economy and for German companies to be able to benefit from it with their skills and expertise,” said Scholz. “Be sure, that’s the strategy of the federal government.” You don’t want to limit yourself to yourself, but use the potential of the world together.
Previously had Employer President Rainer Dulger describes deglobalization as one of the main price drivers. “Due to the corona crisis, the Ukraine war and, above all, the uncertain development in China, supply chains are breaking down,” said Dulger. “That drives up the costs and that affects Germany particularly.” Due to deglobalization, persistently high inflation rates must be expected in the future.
Fear of blackout
According to the Federal Chancellor, the power supply in Germany is secured despite the current energy crisis. “We will ensure that it is possible for the southern German nuclear power plants to still be able to run in January and February and March, so that there is no bottleneck in the German electricity market,” said Scholz on Tuesday at the employers’ day in Berlin.
Economy Minister Robert Habeck (Greens) had suggested keeping the two southern German power plants Isar 2 and Neckarwestheim operational until mid-April in the event of bottlenecks. Actually, all German nuclear power plants should finally go offline at the end of the year.
Scholz also confirmed that the construction of liquid gas terminals on the north German coasts is progressing. “In January next year, the first of these new terminals will start operations, pipeline connections will be expanded and set up, and by the end of next year we will probably have import possibilities in Wilhelmshaven, in Stade, in Brunsbüttel, in Lubmin and will then be able to , to import all the gas we need – independently of Russia.”
The federal government took precautions at an early stage to become independent of Russian gas. “We’ll probably get through this winter.” The gas storage tanks are 85 percent full, Scholz confirmed. The government will take further measures to bring prices down again.