Germany spends $500 billion to ‘keep the lights on’ – media ...News

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Berlin’s massive energy supports may not be enough to cope with economic effects of the Ukraine crisis, Reuters says Germany has reportedly allocated nearly $500 billion to shore up its energy supplies and “keep the lights on” since the Russia-Ukraine conflict began last February, but the spending binge might not be enough to weather the crisis. The estimated total shows the “cumulative scale” so far of energy bailouts and other schemes that Berlin has employed amid surging oil and natural gas prices and the loss of imports from Russia, Reuters reported on Thursday. The media outlet called the various outlays an “

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