A decade after its government admonished southern European states to “do their homework” of painful fiscal changes to end a sovereign debt crisis, Germany is slowly adapting to the humbling reality of being worst-in-class when it comes to reliance on Russian gas.
As EU countries in recent days sought to agree on emergency proposals to curb their gas demand in reaction to Russia’s Gazprom throttling supplies to Europe, southern states made clear they were unwilling to sign up to a homogenous 15% cut in gas across countries with a less vulnerable energy mix than Germany. A deal was finally agreed on Tuesday.
