Germany Faces "Gas Crisis" As Minister Warns of "Lehman-Effect"

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"We are in a gas crisis," Robert Habeck, Germany's economy minister, said Thursday. "From now on, gas is a scarce commodity."

Those blunt words accompanied Berlin's decision to activate the second stage of the country's national gas emergency plan, a little over a week after Russia cut pipeline supplies to Europe's largest economy by 60%. Things will not get easier from here.

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Source Fool.com