Energy poverty is sweeping over modern Germany like never before.
Flagship German newspaper Die Welt has an online report titled: Fast 800.000 Deutsche können Strom nicht bezahlen. In English: Almost 800,000 Germans cannot pay for electricity.
As Germany subsidies wealthy homeowners and businesses owners to install solar panels on their homes and commercial buildings, low income families living in rented apartments are getting stuck footing skyrocketing electric bills. Many can no longer afford to pay for electricity, and so the utilities are cutting off their power.
Indeed high energy prices are causing everything else to get more expensive as well – all this while the euro is threatened to collapse under the weight of massive debt due to financial ineptitude.
So it’s little wonder that German politicians are beginning to panic and coming up with really nutty solutions. Instead of scaling back the cause of the energy mess (government meddling in the energy sector) they are threatening to do the opposite: i.e. meddle even more – much more.