A wave of bankruptcies in Germany is imminent – companies in particular are suffering from the energy crisis. Althusmann criticizes the lack of help from the federal government.
Hanover – With a view of a imminent wave of bankruptcies in Germany Lower Saxony’s Minister for Economic Affairs, Labour, Transport and Digitization, Bernd Althusmann (CDU), accuses the federal government of failure. Economics Minister Robert Habeck already resigned during the energy crisis Comprehensive help for small and medium-sized companies – but that’s not enough for Althusmann. On request from kreiszeitung.de he described the lack of help for the entire middle class as “irresponsible”.
Wave of bankruptcies in Germany: CDU top candidate Bernd Althusmann does not rule out bankruptcies
The effects of Russia-Ukraine War are now noticeable in all areas of the economy, according to the Lower Saxony Minister for Economic Affairs. “Increasing energy costs, disrupted supply chains and price increases for raw materials and preliminary products affect all sectors,” explains Althusmann, CDU top candidate in the upcoming state elections in Lower Saxony district newspaper from IPPEN.MEDIA. As a result, it cannot be ruled out that this development could lead to insolvencies and company closures on a larger scale in the coming weeks and months, if the war lasts longer.
In order to counteract this, there are “only a few aid programs”, Althusmann accuses the federal government and continues: “Most of them are only financed by loans and therefore offer companies no real financial support in these difficult times.” The only subsidy program the so-called “energy cost containment program” is much too complicated and is only aimed at a few large, export-oriented companies.
In fact, during the Bundestag budget debate on Thursday, September 8, 2022, Habeck also referred to the existing energy cost containment program for industry and, according to it, promised mirror, to open up these measures on the relief package 3 to small and medium-sized companies. However, it will not be possible in the long term to “subsidize against the high prices”. Robert Habeck to.
“The entire middle class is left completely empty-handed”: Althusmann considers the lack of help from the federal government to be “irresponsible”
That’s not enough for the Lower Saxony Ministry for Economics, Labour, Transport and Digitization. The entire middle class, the trades, such as bakers, butchers and many other companies, have so far “completely received nothing”. “This is irresponsible,” said the minister at the request of the district newspaper.
For this reason, the ministry submitted a motion for a resolution to the Federal Council, “which calls on the federal government to finally wake up and implement a program modeled on corona aid for small and medium-sized enterprises in Germany Germany to hang up”. Althusmann hopes that the federal government and the other federal states will take up this initiative and agree to it in the Bundesrat next Friday, September 16th.
Lower Saxony election 2022: In case of doubt, Althusmann wants to offer his own aid program
According to the minister, with such a program, grants of up to 500,000 euros per company would be possible for small and medium-sized companies particularly affected by the consequences of the war. “We need such a nationwide program now,” says Althusmann. “If the federal government is not willing to do this, we will check whether we can offer and hang up something of this kind at the state level,” concludes the Lower Saxony minister.
Bernd Althusmann has served as Deputy Prime Minister since 2017 Lower Saxony and Minister for Economy, Labour, Transport and Digitization. For the Lower Saxony election 2022 on October 9, he was named CDU top candidate.
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