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One in three Germans can’t afford Christmas presents this year 

One in three Germans will not be able to afford to buy Christmas presents this year  according to a survey published this week.

A poll by the opinion research institute INSA, found that 31 percent of Germans said they cannot afford to buy gifts this Christmas, as recession and energy costs fears grow.

In addition, some 28 percent of those surveyed said that they worry they will not be able to pay their energy costs in the coming months.

Runaway inflation has knocked consumer confidence right across the Eurozone, with double digit price rises causing hardship across communities.

In a survey published on Monday by INSA for Bild newspaper, 31 percent stated that they had no money for Christmas idue to the crisis.

In addition, 50 percent of those polled said  the government’s measures to combat the energy crisis will not help them survive the coming winter financially. Only 36 percent believe that the measures would help.

Bild said that the energy crisis was an “existential disaster” for many people.

According to the poll, nearly one-quarter of Germans (23%) are concerned about losing their jobs as energy prices rise – but 67% believe the crisis will have no effect on their employment.

The German government passed a 200 billion euro emergency plan in October, with payments to households to offset energy bills included in reliefs.

The country has permitted the use of more coal-based energy and purchased liquefied natural gas from Qatar and the United States in a bid to tackle the crisis.

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