By Chris King • Updated: 19 Nov 2022 • 17:52
Image of the Reichstag building, seat of the German Parliament. Credit: canadastock/Shutterstock.com
The German government, the federal bank, and representatives of the financial industry have decided to prepare for possible power outages in the country this winter. As a result, they are developing possible scenarios to deal with such events, as reported today, Saturday, November 19, by Deutsche Wirtschafts Nachrichten.
Among the possible measures will be a restriction on the issuance of cash to the population. In addition, a daily limit on the withdrawal of cash through terminals can be set. This must be done to avoid a shortage of cash in circulation.
The publication indicated that BaFin, the financial market watchdog, is also involved in the planning. Therefore, the difficult situation with energy prices has led to the fact that all authorities have joined in the work to pan the distribution and spending of cash, as reported by gazeta.ru.
Earlier today, Ralf Tiesler, the head of the German Federal Office for Civil Protection and Disaster Relief (BBK), predicted short-term power outages this winter.
As the German civil servant added, power failures will be associated with a lack of energy resources and with “targeted periodic disconnection of networks by operators”. The latter will be carried out in order to prevent threats in the operation of networks.
Prior to this, Die Stimme Berlins reported that during power outages in Berlin, people would only have enough drinking water for 36 hours.
___________________________________________________________
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Originally from Wales, Chris spent years on the Costa del Sol before moving to the Algarve where he is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.