Germany is planning a 65 billion euro anti-inflation package

Germany will spend 65 billion euros on its third package aimed at protecting consumers and businesses from the effects of rising inflation, the government said in a document released on Sunday.

The three parties in the governing coalition of Chancellor Olaf Scholz agreed on the measures on Sunday, including proposals to expand discounted public transport and 1.7 billion euros in tax breaks for 9,000 energy-intensive companies.

“This is the largest of the three packages so far,” said Scholz at a press conference.

Chancellor Olaf Scholz said Sunday, announcing measures to mitigate the impact of rising energy prices on the population.

Scholz said that the government wants to link certain social benefits to the current or expected inflation rate in the future and earmark 1.5 billion euros for a discounted public transport offer.

The measures come amid fears of energy shortages after Russia failed to reopen the Nord Stream pipeline as promised on Friday.

Scholz told reporters on Sunday that Russia is not a reliable energy partner but that Germany will get through the winter. Germany is planning a 65 billion euro anti-inflation package

Fry Electronics Team

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