Germany’s Largest State Declares Emergency Amid Energy Crisis ...Middle East

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Germany’s Largest State Declares Emergency Amid Energy Crisis
source : OILPRICE ( Middle East ) () 19
North Rhine-Westphalia, the biggest state in Germany in terms of economy and population, has declared an emergency situation amid the energy crisis in order to be allowed to take on more debt. North Rhine-Westphalia (NRW), home to 20 of the 50 largest German companies, declared an “extraordinary emergency situation” to be able to access more loans which would otherwise be denied to the state because of a rule on how much debt a state can borrow, German broadcaster WDR reports. NRW has decided to borrow another $5.2 billion (5 billion…

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