Wien Energie, Austria’s largest energy supplier is “Not broke” (Google translate)
Austria was surprised when it was suddenly announced on Sunday morning that a crisis summit on energy prices was to take place in the Chancellery on the same day. […]
Wien Energie stated on Sunday evening that it was “not insolvent/bankrupt”, but because of the explosion in electricity prices across Europe, the “necessary security deposits had risen unexpectedly”. “Wien Energie & Wiener Stadtwerke are solid, economically healthy companies with excellent credit ratings.”
They just can’t raise the collateral.
The City of Vienna subsidiary had to deposit between 1.7 and 1.8 billion euros as security at the beginning of the week, according to media reports. “The city of Vienna is said to have helped out in the past few weeks with a guarantee worth billions, but is now reaching its limits,” writes the “Kronen Zeitung” in its online edition. Now it needs collateral from the federal government.
In response to the media reports, the FPÖ called for “immediate and complete clarification” of Wien Energie’s financial situation. “If it is actually true that the City of Vienna has already given money to the city-owned company in the past without informing the municipal council, then this will have far-reaching consequences,” said the Viennese FPÖ state party chairman Dominik Nepp in a broadcast on Sunday.
The Viennese VP quickly announced a press conference on the subject of “Financial scandal Wien Energie? Rescue of the company, investigation and political consequences”. Club chairman Markus Wölbitsch and finance spokesman Landtag President Manfred Juraczka were announced as participants of the media event at the ÖVP headquarters in Lichtenfelsgasse.
According to the Minister of Finance, other state energy suppliers are not currently in financial difficulties. “At the moment it’s just about Wien Energie,” said Brunner in “ZIB2”.
“At the moment”.
September, Will be cool, October cold, December freezing. ‘Climate Changes ‘
Europe will then begin begging the Ukrainians to surrender.
Putin has them by the Ball’s, and doesn’t have to turn loose to look for a better hold.
I smell a whiff of Soros as well.
If the Ukrainians surrender, why would Putin turn on the natural gas?
Why indeed?
Joe
That’s a great Question… I’m pretty sure the CPC would take his entire production were Putin to offer it.
Why give it to Ukraine…no reason at all…he has control, no one else.
An impending cash flow crisis. We are not insolvent. We just don’t have enough money to pay our bills.
We can just print all the money we want!
(Haven’t heard much from the Modern Monetary Theorists recently. I wonder why?)
Chris
Ha, my reading comprehension of the day.
I ass-umed the real powers were paying bills from Belgrade EU.
Notice the Union is silent.
The gas and oil will be flowing east. This is no longer about the Ukraine. In response to the West’s “hate all things Russian” derangement syndrome, the Russians have turned East and a new world order is in the making. The German people again fell for empire expansionist propaganda as if they didn’t learn from their previous attempt of subjugating the Slav untermenschen and making lebensraum for the Empire.
The war was designed to precipitate the crisis we are watching, nothing is going wrong.
For all you see, remember this: The WEF is a death cult.