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Protesters in Germany demand just distribution of government funds

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Around 24,000 people gathered in six German cities on Saturday to demand a more just distribution of government funds to deal with rising energy prices and cost of living.

Protesters marched in Berlin, Duesseldorf, Hannover, Stuttgart, Dresden and Frankfurt-am-Main, holding signs bearing slogans on everything from lowering inflation to switching off nuclear power and more energy price subsidies for the poor.

“We want to show that we urgently need financial relief for citizens that is socially balanced. The government is doing a lot but it is distributing funds with a watering can. People with lower income need more support than the wealthy,” said Andrea Kocsis, deputy chair of ver.di, one of the unions organising the protests.

Germany’s parliament on Friday approved the government’s 200 billion euro ($195 billion) rescue package which aims to protect companies and households from the impact of soaring energy prices.

The package includes a one-off payment to cover one monthly gas bill for households and small and medium-sized businesses and a mechanism to limit prices from March.

Also Read: Germany’s FDP agree to enter government coalition talks 

It will also finance a cap electricity prices for households and industry retroactively from March for spot prices and from December for future prices, with additional funding drawn from electricity companies’ profits.

German inflation in September hit its highest level in more than a quarter of a century at 10.9%, driven up by higher energy costs.

Police say about 1,800 protesters gathered in Berlin.

“I would find it better if we distributed in a more just way. There are millionaires saying they want to pay more tax. I’m not seeing anything happening on that front,” said Ulrich Franz, a protester in Berlin.

 

Zainab Sa’id

Source Reuters
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