Inflation in Germany hits double digits for the first time since WWII

[mindrust]

strategic resource and not every country has it, so even if the politicians leading a country were very diligent on their jobs and they kept a reserve in the case the price skyrocketed, such a reserve is not infinite and at some point it will run out, and then they will have to buy at the new and inflated price, bringing high inflation to their country despite their best efforts to avoid this.

Now that the gas delivery to Germany through the Baltic Sea's Nords stream pipeline is halted and which this winter arriving - Germans will be more in trouble.
Let see how they overcome this gas and oil crisis in winter

I read somewhere that they have "some" gas but it won't be enough for both their industry and to heat up their citizens. So they will have to make a choice. Either their industry will have to stop or their citizens will have to catch cold. I think I know what they are going to choose and it is not the citizens. It make sense tbh. Most people will probably survive (some old folks probably will not) the cold but if the German industry stops, then everybody will get much poorer and more people will suffer.

[Gyfts]

Yet another developed nation and a very similar story again. All this can be directly owed to nothing but COVID. There was a hell lot of fiscal deficit generated by various countries first to fund the vaccines programs and then for distribution of the same. Some countries even gave a lot of freebies to the normal people which has also led to a lot of wasteful expenditure, ultimately someone has to foot the bill for these expenditures, eventually, this is footed by inflating the currency as a whole which leads to currency becoming devaluating the currency.

I agree with you in principle, COVID-19 caused a global inflation crisis unlike seen ever before in recent history -- but the issue with inflation in European countries is based on COVID spending and the energy crisis.

Energy is essentially the blood of an economy. If energy prices go up, the cost to manufacture raw goods increase across the board and you're left with high inflation. It isn't clear, nor is it really possible to calculate what portion of inflation is COVID attributable versus energy cost. You can say that inflation would have reached record rates despite the Ukrainian war, and that the war merely added gasoline to the flames.

Too many factors and one strong economy like theirs are also experiencing this much inflation. Isn't there something to do with the war in Ukraine-Russia and oil-related matters?
And all of these combined deterrents have made them, also some other countries that have strong economies experience high inflation rates. This is one hell of a reset and nobody's going to skip it, if there are, they're just a few.

There aren't any, I have been checking world economy for many years in my job now and I can tell you that there isn't a single nation that is not having a hard time, and if Germany does then it is likely that everyone else would too because Germany is the best nation when it comes to making sure economy is doing fine. Of course some nations are doing far worse than Germany, it's clear that everybody is having hard time right now, and some are doing worse while others are doing fine.

In this situation, Germany is still fine, not doing great but compared to many others they are still doing better and that is why we shouldn't take them as base example.

Well, it's also true that every nation in the world essentially shut down their economy and started printing money so it isn't unsurprising that there isn't a single country spared from inflation.

[Sithara007]

Now that the gas delivery to Germany through the Baltic Sea's Nords stream pipeline is halted and which this winter arriving - Germans will be more in trouble.
Let see how they overcome this gas and oil crisis in winter

Putin already offered the Europeans that Nord Stream 2 can be used to transport gas from Russia to the EU. And as usual, the EU rejected this proposal due to political considerations. In a way, the Europeans deserve whatever coming to their way. They have constantly voted for warmonger parties such as Greens, who are all in for NATO intervention in Ukraine. On top of that, the Greens are the ones who forced German government to close down a vast majority of the nuclear power plants. If they continue to vote for the Greens, let them spend the winter without heating.

[Don Pedro Dinero]

Putin already offered the Europeans that Nord Stream 2 can be used to transport gas from Russia to the EU. And as usual, the EU rejected this proposal due to political considerations. In a way, the Europeans deserve whatever coming to their way. They have constantly voted for warmonger parties such as Greens, who are all in for NATO intervention in Ukraine. On top of that, the Greens are the ones who forced German government to close down a vast majority of the nuclear power plants. If they continue to vote for the Greens, let them spend the winter without heating.

For all our sakes, I hope the war will end sooner rather than later, but it doesn't look like it will. As for EU sanctions against Russia, as I have already said in another thread, I find them pathetic, some even call them 'boomerang sanctions' because you end up the same or worse than the sanctioned country.

I am concerned to some extent about the environment but I also find pathetic the so called green policies that are taken in Europe, being less than 10% of the world's population, and that, between one thing and another, have led to consequences such as this high inflation, mainly due to energy prices.

[mindrust]

Putin already offered the Europeans that Nord Stream 2 can be used to transport gas from Russia to the EU. And as usual, the EU rejected this proposal due to political considerations. In a way, the Europeans deserve whatever coming to their way. They have constantly voted for warmonger parties such as Greens, who are all in for NATO intervention in Ukraine. On top of that, the Greens are the ones who forced German government to close down a vast majority of the nuclear power plants. If they continue to vote for the Greens, let them spend the winter without heating.

For all our sakes, I hope the war will end sooner rather than later, but it doesn't look like it will. As for EU sanctions against Russia, as I have already said in another thread, I find them pathetic, some even call them 'boomerang sanctions' because you end up the same or worse than the sanctioned country.

I am concerned to some extent about the environment but I also find pathetic the so called green policies that are taken in Europe, being less than 10% of the world's population, and that, between one thing and another, have led to consequences such as this high inflation, mainly due to energy prices.

Sanctions work both ways.

When country A sanctions country B, country A effectively sanctions itself especially if country B has something country A desperately needs.

That's exactly the situation here. What does Russia need from Europe? Nothing. Russia only wants to sell their oil and to them, it don't matter who the buyer is.

I just heard that Putin wants to make Turkiye the gas hub of Europe.

Everything became crystal clear now.

The Europe will still buy the Russian gas. Not from Russia directly but from Turkiye... for a higher price.

[goaldigger]

Well, it's also true that every nation in the world essentially shut down their economy and started printing money so it isn't unsurprising that there isn't a single country spared from inflation.

it's not only the Germany - but the whole world is suffering
during these troublesome days   best are those who found out the way and strived to gain financial independence there is no other way out of the inflation  but to seek financial independence

There are still some country who are doin well on controlling their inflation rate despite of what happened with them during the pandemic, maybe they planned better and their economy is really that strong. The inflation rate of many countries in Europe continues to increase and that is because of many circumstances, i think the ward between Ukraine and Russia plays a huge role with that inflation, they started to experience worst when they make sanctions against Russia. It will take years before the inflation goes down, but I know Germany can overcome that rate because they are a big country as well.