Germans protest soaring cost of energy

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On Saturday, Tens of thousands cane out to protest in six German cities to demand the government’s solution to rising energy prices and living costs.

 

According to Reuters, protesters wanted more equitable distribution of government funds to deal with the soaring prices and a faster transition away from fossil fuels.

 

Protesters marched in Berlin, Duesseldorf, Hannover, Stuttgart, Dresden and Frankfurt-am-Main, holding placards and chanting slogans on everything from lowering inflation to switching off nuclear power and more energy price subsidies for the poor.

 

The report put protesters at around 24,000 people according to Greenpeace, one of the organisers but the police said about 1,800 protesters gathered in Berlin.

 

“We want to show that we urgently need financial relief for citizens that is socially balanced. The government is doing a lot but it is distributing funds with a watering can. People with lower income need more support than the wealthy,” said Andrea Kocsis, deputy chair of ver.di, one of the unions organising the protests.

 

Germany’s parliament on Friday approved the government’s 200 billion euro ($195 billion) rescue package which aims to protect companies and households from the impact of soaring energy prices.

 

The package includes a one-off payment to cover one monthly gas bill for households and small and medium-sized businesses and a mechanism to limit prices from March.

 

It will also finance cap electricity prices for households and industry retroactively from March for spot prices and from December for future prices, with additional funding drawn from electricity companies’ profits.

 

German inflation in September hit its highest level in more than a quarter of a century at 10.9%, driven up by higher energy costs.

 

“I would find it better if we distributed in a more just way. There are millionaires saying they want to pay more tax. I’m not seeing anything happening on that front,” said Ulrich Franz, a protester in Berlin.

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