Why help for Siemens Energy is right – Economy

The energy technology manufacturer Siemens Energy needs twelve to 15 billion euros in guarantees in order to be able to process its orders and continue. Just a few weeks ago, Siemens Energy boss Christian Bruch became economics minister Robert Habeck Urgently requested government support – and apparently he gets it too. The federal government wants to secure around 7.5 billion euros with so-called counter-guarantees – it is one of the largest support measures of all time for a private company. It’s clear: The federal government is not taking a direct stake in the DAX company and is not giving any money. But providing guarantees is also a risk. If Siemens Energy were to have major problems, the state would also be liable – and the tax money would be gone.

The post first appeared on www.sueddeutsche.de

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