Post
Topic
Board Economics
Re: Germans are looking to firewood for energy as natural gas prices soar
by
stompix
on 28/09/2022, 07:49:35 UTC
In a recent interview the German government pointed out the increasing number of insolvencies in the country. 30% have already declared bankruptcy while about 60% have claimed to go insolvent this season. Only about 11% of the German businesses has claimed to have no issues!

What a load of crap, another shitpost from the Iranian propaganda outlet.

https://www.destatis.de/EN/Press/2022/09/PE22_382_52411.html;jsessionid=A06A33829D3CB56733D6AEC7C03F5356.live712

Quote
Business insolvencies, 1st half of 2022: -4.0% on 1st half of 2021
Consumer insolvencies, 1st half of 2022: -20.2% on 1st half of 2021
Based on provisional data of the Federal Statistical Office (Destatis), the number of requests for normal business insolvency in Germany increased by 6.6% in August 2022 compared with July 2022. Their number had fallen by 4.2% in July 2022 from June 2022.



In reality, the number is actually lower than 2018-2019.

This is like the bullshit story of Germany running out of sunflower oil, in reality:

Quote
Davoud Fakouri, the president of Tehran Supermarkets Union, told Khabar Online this week: "In recent months the prices haven't gone up overmuch but, with the halt in oilseed imports, production of cooking oil has fallen precipitously. Cooking  distribution companies have essentially rationed it, compared to a few months earlier, we're receiving 60 percent less.”
He went on: “Because of the low supply, some supermarkets in Tehran have no cooking oil at all and some others have  barely any to sell. This will create more chaos and hurt people in the coming days."

Muhahahhahahahah, karma is a bitch, and she doesn't wear a face cover! Wink