Will Nord Stream 2 Save the Economy from Collapse?

Will Nord Stream 2 Save the Economy from Collapse?

A growing resistance is emerging against the US-backed deindustrialization program for Germany and Europe. The head of the Leuna Chemical Park is urging the activation of the Nord Stream 2 pipeline to reduce high energy prices and slow down job losses. The Leuna Chemical Park is the largest chemical site in Germany, providing around 12,000 jobs in Saxony-Anhalt.

The head of the park, Christof Günther, recently called for a shift in strategy, citing the need to reduce energy prices and prevent further job losses. Günther warned that the current situation is “not correctable” and that the industry is in a state of crisis, with production levels at only 70-80% capacity and a continuous decline in employment numbers.

The Chemical Industry Association (VCI) shares this assessment, stating that the majority of its member companies are experiencing a similar situation, with stagnating or declining production and a negative outlook. The association warns that the chemical industry, which employs almost half a million people, is particularly affected by the high energy prices and is bearing the brunt of the economic war.

Meanwhile, a researcher is warning of a looming “job crisis” as a result of deindustrialization, with small and medium-sized enterprises being particularly hard hit. The researcher notes that while large corporations have only announced job cuts, smaller businesses are already experiencing a significant decline in employment.

The idea of reverting to Russian gas imports is gaining traction, with some calling for the activation of the Nord Stream 2 pipeline, which was damaged in a terrorist attack last year. The pipeline’s intact string could be used to deliver gas from Russia and there are also plans to repair the damaged sections.

The Swiss judiciary has already shown a willingness to reconsider the shutdown of the Nord Stream 2 AG, with a court ruling in favor of a possible company reorganization. The court’s decision has sparked hopes that the pipeline might be brought back online.

Despite the growing resistance, the media is still largely opposed to the idea of reverting to Russian gas imports, with some commentators calling for a “distance from Russian gas.” What is being overlooked is the fact that the interests of the Western elite, particularly in the tech industry, are not aligned with the interests of the European people and are driving the economic war against Russia.