To Germany predicted a wave of bankruptcies without the Russian gas

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The chairman of Commerzbank of AG Knof predicted a wave of bankruptcies to Germany without the Russian gas the Chairman of Commerzbank of AG Manfred Knof predicted a wave of bankruptcies to Germany without the Russian gas. About it reports newspaper "Handelsblatt". "Power supply to Germany is under the threat, chains of deliveries are broken off, we have a high inflation" — he noted. According to him, Commerzbank of AG actively work with corporate clients to cope with a rise in prices for raw materials and difficulties in chains of deliveries. "But we also should not deceive ourselves: the quantity of insolvency in our markets probably will increase" —...
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Zhozep Borrel Fontelyes
Last position: High Representative for foreign affairs and security policy (YESVS)
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Manfred Knof
Last position: Chairman of the board of governors of directors (Commerzbank of AG)