Daily Caller Piece: What Happens In Germany Sadly Doesn’t Stay In Germany

The German government, led by Chancellor Olaf Scholz, seems in near panic now after a court ruling disallowed a proposed reallocation of € 60 billion (roughly $66 billion) in unused COVID funds for more green subsidies. Reuters reports Scholz and his ministers reacted by freezing proposals for new spending on programs to help the country’s struggling industrial sector.

German industries have been hit by rapidly rising energy costs caused by the double whammy of disruptions due to Russia’s war on Ukraine, combined with government green energy mandates. The Scholz government, led by Greens Party economy minister Robert Habeck, had established a € 200 billion Climate and Transformation Fund designed to subsidize businesses as they’ve struggled through the pandemic and forced energy transition. But largesse spending from the fund was suspended following the court’s ruling. (RELATED: SUZANNE DOWNING: Greenhouse Graft Fund And The Revolving-Door Biden Parasites Who Feed On It)

Habeck says The Climate and Transformation Fund was designed to ensure value creation and jobs, as quoted by Reuters. “It will be used to finance the production of green steel, green chemicals, the ramp-up of hydrogen, battery cell production, and also semiconductor production to strengthen economic security,” he said. “If this is at risk, jobs and value creation are at risk. The exodus of industry is damaging our country and society.”