Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh
Israeli PM's office: PM informed Trump he would not attend Sharm el-Sheikh Summit on account of Jewish holidays.
Israeli media: Netanyahu makes last-minute decision to cancel trip to Sharm el-Sheikh.
Al Mayadeen's correspondent: Large crowds gather in Khan Younis to welcome the liberated Palestinian detainees, waving flags of Hamas and Islamic Jihad in celebration
Buses of released prisoners arrive in Ramallah
Israeli media: Netanyahu gifts Trump a "Golden Dove".
Israeli media: Netanyahu will take part in Sharm el-Sheikh Summit.
Trump's Air Force One lands in Tel Aviv
Al-Qassam: To our free prisoners: Gaza, its Resistance, have given their most precious possessions, have striven with all their might to break your chains; we pledge that your cause will remain at the top of our national priorities until you are all freed.

German President: Germans will have to sacrifice due to Ukraine crisis

  • By Al Mayadeen English
  • Source: Agencies
  • 28 Oct 2022 21:23
3 Min Read

German President Frank-Walter Steinmeier addresses the country over the Ukraine crisis and the challenges they have to go through as the annual inflation reached a record 10.4% in October according to statistics.

  • x
  • German President
    German President Frank-Walter Steinmeier

German citizens will need to learn to be modest and accept the sacrifices and losses they are going through during the current crisis, President Frank-Walter Steinmeier said on Friday.

"It is clear that, over the coming years, we will need to accept that sacrifices must be made. Most have already felt the effects. We all must contribute to whatever we can. This crisis demands that we relearn to be modest," the president said, addressing the country over the Ukraine crisis and the challenges it has triggered for the German people.

The German President added that there were also many who had already sacrificed a lot over the past months and years in Germany.

"I know that, although we live in a rich country, many cannot make sacrifices – because they are already making sacrifices all day, every day. This crisis is affecting people who, even before the war began, faced a daily struggle to get by; to pay their rent, or to give their children a good life," Steinmeier noted, adding that those who had made profits when "the wind was at our backs," could make sacrifices without exposing themselves to an existential danger.

Read: Politically, winter is coming: German Economy Minister

Annual inflation to reach record 10.4% in October - Statistics

Related News

France to respond to 'Russian airspace violations', Macron says

European officials fear new Russian offensive in Donetsk

Inflation in Germany is expected in October to jump to a record high of 10.4% year-on-year, up from 10% in September, the German Statistical Office (Destatis) said on Friday.

The numbers given by the statistical office exceed some expectations, with experts from the DailyFX finance portal expecting a rate of 10.1%.

Consumer prices in Germany increased this month by 0.9% over the previous month, according to preliminary estimates.

On the same month a year earlier, consumer prices under EU standards (harmonized consumer price index), accelerated growth to 11.6% in October and by 1.1% on September.

Energy prices jumped by 43% in October year-on-year, following 43.9% in September, the agency reported.

Destatis will publish the detailed information and the final October inflation data in Germany on November 11.

According to the Ifo Institute for Economic Research, the Munich-based think tank, the ongoing energy crisis as a result of the war in Ukraine is “wreaking havoc” on the German economy and they project it could lead to a 0.3% drop in GDP next year.

The Bundestag committee on energy warned that Germany's economic health is at stake considering the spiraling of energy prices out of control, which will serve as “a reminder of the good old days,” followed by German politician and fellow left-wing, Sahra Wagenknecht urging for the cancellation of restrictions and engaging in talks with Moscow.

  • Ukraine crisis
  • Energy crisis
  • Frank-Walter Steinmeier
  • inflation
  • Germany
  • German president
  • Ukraine

Most Read

The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025
Taylor Swift: The Life of a Showgirl

The Life of a No-Girl: The one verse Taylor Swift refuses to sing

  • Arts and Culture
  • 8 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
Ceasefire in Gaza takes effect amid conflicting signals and bombings

Gaza ceasefire takes effect; 'Israel' resumes bombing, timing disputed

  • Politics
  • 9 Oct 2025

Coverage

All
War on Gaza

Read Next

All
'Israel' used fake 3D tunnel footage to justify Gaza genocide: LaSexta
Palestine

'Israel' used fake 3D tunnel footage to justify Gaza genocide: LaSexta

drop site
Politics

New report details extensive Israeli arson in Gaza after ceasefire

ap
Politics

SDF, Damascus reach preliminary deal to integrate forces

Palestinians search through the rubble of buildings destroyed by Israeli airstrikes in Khan Younis, in southern Gaza, on October 12, 2025. (AFP)
Politics

Gaza families return to ruins, searching for their loved ones

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS