Today, Wednesday, German Economy Minister Robert Habik stated his conviction that Russian President Vladimir Putin’s attempt to undermine the European economic system would fail.
“Putin will fail in his attempt to disrupt the fundamental economic structure, just as he will fail on the Ukrainian battlefield.”
The Minister also touched on the economic situation of Germany, noting that the country “will witness a decrease in economic growth this year.
“He stated that Germany is anticipated to have “negative and stagnation” when comparing the growth predictions from April 2022 and the fall of 2022 and 2023.
He emphasised that “We anticipate 1. 4% increase this fall. This percentage hit 2.2% in April of this year. Growth will be minus 0.4% in the upcoming year, which translates to negative growth and stagnation.
Inflation in Germany is predicted to be 8% this year and 7% the following.
In response to this, Russian President Vladimir Putin claimed earlier in the day that the West will continue to print money as it has in the past due to the ongoing rise in oil prices.
“It is obvious how price issues will be resolved if they increase, and we have passed this with relation to other commodity groupings, they merely create money, that’s it,” he continued.
The problem is that Europe is using this money similarly to how it used other goods, “the gas will take away from the global market, and thus will have to the rest of the countries, especially developing countries, to pay excess amounts in exchange for these energy resources,” claims Putin. The European Union’s money supply has increased by about $1 trillion dollars in just the past year.
Germany warns of Putin’s intention to undermine the European economy, saying, “We slip into recession.”
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