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The Euro continued to fall on Wednesday, hitting a new 20-year low below US$1.0200 and is on track to reach the cash level (1.0000) soon on growing concerns that Russia may cut off supplies of gas to Europe, contributing to the entry of the Eurozone into recession, which would make it difficult for the ECB to carry out its planned policy of raising interest rates to control record inflation.
Fearing Russia might cut off natural gas supplies, the head of Germany's regulatory agency for energy called on residents Saturday to save energy and to prepare for winter, when use increases.
Federal Network Agency President Klaus Mueller urged house and apartment owners to have their gas boilers and radiators checked and adjusted to maximize their efficiency.
Russian gas company Gazprom announced last week that it was reducing supplies through the Nord Stream 1 pipeline for technical reasons
Grotesque, crude and clearly insulting, the puppets are designed to grab attention and burst despotic bubbles. Meanwhile, Central European populists serving Moscow and Beijing's interests, like Czech President Milos Zeman and Hungarian Prime Minister Viktor Orban, metamorphosise into giant slugs eating the lettuce leaf of democracy.