With the US attack on the Iranone of the world’s largest oil producers, global oil prices have risen dramatically. As a result, the prices for petrol and diesel in this country are over two euros per liter. But the escalation in the Middle East is creating problems that reach far beyond the nation’s gas pumps. The first signs are already emerging that the delicate recovery of the German economy could come to a standstill. If the war and the associated production and delivery problems last longer, the overall global economic impact is likely to be dramatic.
In the new edition of The politics part Ileana Grabitz and Peter Dausend discuss with the economist Veronika Grimm, member of the Advisory Council of the Federal Governmentthe consequences of this development. Grimm explains what is true about the accusations against the oil multinationals that they are enriching themselves from the crisis – and why fuel prices are rising faster in Germany than elsewhere. The economy speaks out firmly against fuel discounts or price caps and assesses the federal government’s crisis management in the current situation.
Veronika Grimm is professor of energy systems and market design at the Technical University of Nuremberg and sits on the supervisory board of Siemens Energy. In 2020, the qualified economist was elected to the Federal Government’s Advisory Council to assess overall economic development and is therefore one economics. In her free time she coaches a youth soccer team.
On the podcast The politics part Every week we talk about what politics is concerned with, explain the background, and discuss the connections. Every Friday with two presenters, a guest – and a noise. In addition to Ileana Grabitz and Peter Dausend, Tina Hildebrandt and Heinrich Wefing can also be heard as hosts.