The German government has already made several “timely decisions” to avoid a winter crisis, and is ready to “change market rules” to shield citizens and companies from soaring energy costs, Chancellor Olaf Scholz said on Sunday, while presenting a new €65 billion “inflation relief” plan.
“We will get through this winter,” Scholz reassured the nation during a press conference. “Germany stands together in a difficult time.”
Scholz said he is “very aware” that many Germans are struggling with the rising prices, and the government “takes these concerns very, very seriously.”
The third round of relief measures announced on Sunday is estimated to be worth €65 billion euros, providing a one-off payment of €300 to German pensioners and a smaller payment of €200 to students. The government also wants to extend the state-housing benefits program from 700,000 to 2 million people, and cut social security taxes for those with a monthly income below €2,000.