I sincerely don’t like this. I mean we are getting a 30% stake in the company, but the investors have taken out profits for years and now that there is a problem the German government has to pay for it. This was essentially a wealth transfer from Germany to Finland. We need to stop having critical infrastructure privatised, because if it goes tits up we have to pay anyways, so we might as well also cash in on the profits.
We need to end privatization in EU countries for all the critical companies. Shareholders get billions in profit and we get to pay for the bailouts
And 5 minutes later Russia shut down the gas supply. Ouch.
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I sincerely don’t like this. I mean we are getting a 30% stake in the company, but the investors have taken out profits for years and now that there is a problem the German government has to pay for it. This was essentially a wealth transfer from Germany to Finland. We need to stop having critical infrastructure privatised, because if it goes tits up we have to pay anyways, so we might as well also cash in on the profits.
We need to end privatization in EU countries for all the critical companies. Shareholders get billions in profit and we get to pay for the bailouts
And 5 minutes later Russia shut down the gas supply. Ouch.