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(RMX NEWS) – Germany is facing an unprecedented crisis due to a potential Russian gas cut that will erase the prosperity Germans have grown accustomed to, warned Rainer Dulger, head of the Confederation of German Employers’ Associations.
“We are facing the biggest crisis the country has ever had. We have to be honest and say: First of all, we will lose the prosperity that we have had for years,” Dulger told the Süddeutsche Zeitung regarding the consequences of a gas shortage to everyone.
While many are urging more government intervention to help prop up the German economy, Dulger argues that in general, the fewer the interventions, the better. He says that when it comes to the economy, private businesses always do better than the government.
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