The natural gas shortage is hitting Germany harder than the 1973 oil shock, Economy Minister Robert Habeck says Germany is facing a “more significant” crisis than during the world’s first oil shock in 1973, according to Economy Minister Robert Habeck. In a worst-case scenario, the coming winter could see factories shut down, workers laid off, and people going into debt to pay their heating bills, the minister told Der Spiegel in a lengthy interview published on Friday. Habeck warned that price hikes for the German population are “not over yet” and energy costs are only “gradually” being raised for consumers. “More
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