The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (9139)	8/30/2022 2:00:56 AM
From: elmatador	1 Recommendation Read Replies (1) of 13798

No. Here's is what I am interested on. If a company distributes electricity, it has to pay collateral to the companies that generate it. Prices going up you have to deposit higher collateral. If you don't have money to pay collateral, distributor becomes insolvent. Austria’s largest energy supplier becomes insolvent jc/jd 29.08.2022, 09:06 Austria’s largest energy supplier, Wien Energie faces financial turmoil due to massive inflation in the country. The company is due to repay between EUR 1.7 and 1.8 billion and needs collateral. The next steps the EU will do to counteract the energy costs to customers. If they nationalize the whole system, Generation, transmission distribution, the govern banks the whole system. Becomes like the USSR. Pricing no longer matter as government just make sure the system continues operatiing.

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