Chancellor Scholz announces “defense shield”.

The money is to flow into the so-called Economic and Stabilization Fund. It was originally there for companies that were in need due to the corona pandemic.

“The prices have to go down,” demands Chancellor Olaf Scholz, here at a press conference in June.

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The federal government wants to fight the rising energy prices with a “large defense shield”. Chancellor Olaf Scholz (SPD) announced this on Thursday at a joint press conference with Economics Minister and Vice-Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP).

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