German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage | ZeroHedge

In other words, Germany is facing a total industrial collapse; meanwhile, the media continues to repeat the increasingly more laughable propaganda that Putin is losing the war.

It also makes it harder for the government to reach its target of filling storage sites by 90% by November. Germany has already triggered two stages of its gas emergency plan, and could enact the last step if there’s a clear deterioration in the supply picture. Such a move could force industries to ration gas, and lead to an immediate recession in both Germany and Europe, as well as pushing the euro deep below parity as the ECB would be unable to hike rates in such a dire economic situation.

German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage | ZeroHedge