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20 sats \ 9 replies \ @TomK OP 30 Jul \ parent \ on: Texas Manufacturing Slump Deepens in July econ
yes, like all members of the European Union, Austria is also part of the gigantic green subsidy machine that is destroying our economy on the continent. this brings subsidies in the short term and higher energy prices for consumers and industry in the long term, thus damaging the economy.
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47 sats \ 8 replies \ @Satosora 30 Jul
Why arent they affected as bad as Germany?
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41 sats \ 7 replies \ @TomK OP 30 Jul
Germany is suffering disproportionately from immigration into its social system. Added to this is the shock of the phase-out of nuclear energy, an exaggerated application of the eu climate rules and its dependence on the automotive sector, which is hit hardest by these climate rules. in addition, there are shocks on the energy market that have a different effect in Germany than in Austria, for example the new heating law and similar regulations
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47 sats \ 6 replies \ @Satosora 30 Jul
So austria is a bit isolated in that regard. Did they have to shut down any nuclear, or are they getting their energy from someplace else?
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20 sats \ 5 replies \ @TomK OP 30 Jul
They shut it down 45 years ago so never got this shock
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47 sats \ 4 replies \ @Satosora 30 Jul
Does Austria make any of its own energy, or import it all?
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20 sats \ 3 replies \ @TomK OP 30 Jul
They have a high import quota of about 12% of electricity for example
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47 sats \ 2 replies \ @Satosora 30 Jul
Where do they make the rest of it? Natural gas or coal?
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20 sats \ 1 reply \ @TomK OP 30 Jul
Austria consumes about 80 GWh of electricity. 50% of this comes from hydropower, but over 11% is imported from abroad. Around 17.5% of Austria's electricity comes from the combustion of fossil fuels.
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