Germany is nationalizing Uniper, the Greek government is ramping up privatization

Germany is nationalizing Uniper, the Greek government is ramping up privatization
Germany is nationalizing Uniper, the Greek government is ramping up privatization

After France, which opened the dance of nationalizations in large energy companies, in order to mitigate the consequences of a very difficult winter in this sector, Germany is taking the baton, whose government is proceeding with nationalization of Uniperthe country’s largest natural gas importer, in a historic move.

While the Greek government insists almost obsessively on the policy of privatization and the private character of PPC and insists on subsidizing the super profits of the energy companies, the major countries of Europe realize the importance of the state in dealing with the crisis and energy security.

In fact, while Germany will acquire for approximately 500 million euros the 56% of the capital of Uniper owned by Fortum and will proceed with a capital increase of 8 billion euros, in Greece the government rejects with disgust any proposals for the renationalization of PPC and injects 2 billion euros in September to contain prices.

Citizens are therefore invited once again to pull the snake out of the hole, paying the difference themselves, even if indirectly.

“After the capital increase and the purchase of the shares, the German state will own approximately 98.5% of Uniper”, explains Fortum.

The Solz government, Bloomberg reports, appears determined to ensure Uniper’s survival in the coming months as the energy crisis worsens. Large sums have already been given for Uniper’s survival, but these were not enough due to the size of the crisis.

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The article is in Greek

Tags: Germany nationalizing Uniper Greek government ramping privatization

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