Germany S Massive Energy Relief Package Has Been Delayed By 18 Months

Finance Minister Christian Lindner promised “a huge aid package” to stave off rising energy costs, but admitted that Berlin would not be able to provide immediate support to households for at least a year and a half because of chaotic record-keeping. “The legislation is in place and we will soon fix it, but then the technical implementation will begin,” he said after a cabinet meeting held at Schloss Meseberg, the German chancellor’s retreat. “AFM and IVAN [international bank account numbers] must be gathered. But we are a lot of Germans, so there are a lot of IBANs to collect. “And according to the experts in my department, in particular the Federal Central Taxation, it takes 18 months to integrate all this data. It’s not so easy to say, “we just push a button.”

title: “Germany S Massive Energy Relief Package Has Been Delayed By 18 Months Klmat” ShowToc: true date: “2022-11-20” author: “Judith Ingram”

Finance Minister Christian Lindner promised “a huge aid package” to stave off rising energy costs, but admitted that Berlin would not be able to provide immediate support to households for at least a year and a half because of chaotic record-keeping. “The legislation is in place and we will soon fix it, but then the technical implementation will begin,” he said after a cabinet meeting held at Schloss Meseberg, the German chancellor’s retreat. “AFM and IVAN [international bank account numbers] must be gathered. But we are a lot of Germans, so there are a lot of IBANs to collect. “And according to the experts in my department, in particular the Federal Central Taxation, it takes 18 months to integrate all this data. It’s not so easy to say, “we just push a button.”