I essayed a piece earlier in the week over the KfW problems (the government investment/credit arm for special projects 'blessed' by the German government). Well....other issues have arrived.
I noticed in Focus this morning....from private home 'customers'/builders, who wanted the energy efficient homes and better loan deals....there's 24,000 customers in the line for the home loans....but the account is now slammed shut (figure in the 7-billion Euro range for money needed to fix these 24,000).
Pissing off a lot of builders and private individuals? Oh yeah.....with most looking at the Green Party's Habeck who slammed the door shut when the shortfall was announced.
As the Focus piece pointed out....a fair number of folks actually had the renovation project planned out, and even had permits from the city authorities ready to go. No cash now? The whole plan will halt right there, until they can alternate and more expensive loan deals.
All of this hurting the environmental image/brand? I would suggest that people are standing there and trying to figure out who set them up and discussing blame to be assigned.
You can view this in three ways.....there's 24,000 homes/families who are extremely peeved. There's probably another 100,000 renovation or builders who are peeved because of a low period now approaching for 2022. And there's an unknown number of people who were thinking about the KfW loan deal....perhaps figuring to apply later in 2022....who will now discount the situation entirely. Politically, it's a 'stink-bomb' thrown into midst of the public.
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