Ultra-Safe German Government Debt?

It’s good to be the king. Isn’t it?

King

More than half of all German government debt with more than one year maturity is now trading negative.

Investors have been warned of dangers of holding German government debt, as unprecedented central bank easing sends the country’s 10-year borrowing costs towards zero.

“If you look at bunds in anything other than the shortest possible timescale, the risk becomes very clear.”

Just Out Of Cold War Storage

Demothball: to remove (naval or military equipment) from storage or reserve, usually for active duty; reactivate.

Leopard 2

Germany plans to bring 100 mothballed tanks back into service in what is widely seen as a response to rising tensions with Russia over Ukraine.

Die im Zuge der Neuausrichtung der Bundeswehr festgelegte Obergrenze von 225 Kampfpanzern Leopard 2 soll auf 320 erhöht werden.

This Is News?

Germans found to be Europe’s most aggressive drivers

Driving

Tailgating, shouting insults – nowhere in Europe do drivers react as intensely as they do in Germany, a recent study shows.

Two out of three (67%) admitted to using offensive gestures, and verbal abuse, to insult other drivers.

More than one-third (34%) said they purposefully follow close behind, or otherwise annoy drivers, in order to intimidate them.

PS: Oddity 125. Fun German Games you didn’t know you were participating in: Tailgate Tag. Germans love to drive up to within just a few inches behind the slower moving cars on the left lane of the autobahn and bully them over to the right.

We Know Nothing

Nothing! Not even the last name of this guy. He’s just Andreas L. to us. And that’s why everybody here is so pissed off at some of the German media for revealing, like, his entire name and everything!

Andreas Lubitz

We Germans respect his privacy, you see. Even though he’s dead – along with the other 149 innocent people he killed. Oops! We don’t know that yet. No jumping to conclusions here, folks. At any rate, we’re crazy about privacy. Some say we’re even stark raving mad about it.

In the U.S., it’s standard operating procedure to release the names of people who are suspected of committing a crime. But in Germany, where people are far more sensitive about the line between public and private, that is not done. Critics in the country have cast the move as a reckless rush to judgment, and accuse the media of exploiting the tragedy before all the facts have been established. Others believe that the co-pilot’s family could now face retaliation for the crash.

Analysis of a tablet device belonging to Germanwings Flight 9525 co-pilot Andreas Lubitz shows he researched suicide methods on the Internet in the days leading up to the crash, the public prosecutor’s office in Dusseldorf, Germany, said Thursday.

Germans Don’t Frack Around

Germany is just about to make German fracking safer. In a country that doesn’t do any fracking in the first place, versteht sich (it’s understood). And they are going to make it safer by banning it altogether. Makes sense to me. When I concentrate really hard and try to think like a German, I mean (can’t do it for very long, though).

Fracking

The new draft law, which now goes to parliament for approval, will impose an outright ban on fracking for shale gas in the next few years and only allow scientific test drilling under strict conditions to assess the risks and environmental impact.

The law could allow commercial shale gas fracking in exceptional cases from 2019 but only after successful test drilling and the approval of a special committee.

Germany’s gas industry has warned restricting fracking could increase the country’s dependence on imported energy at a time when geopolitical concerns, particularly over Ukraine, are growing.

The BDI industry lobby group described the new conditions as “completely over the top”.

Last year, gas imports from Russia accounted for 37 percent of Germany’s supply. Only 12 percent of Germany’s needs were covered by its own reserves, down from almost a fifth a decade earlier.

Gun Never To Be Used In Combat Doesn’t Meet The Bundeswehr’s Tough Never To Be Used In Combat Standards

After several years of investigation, the German Bundeswehr has confirmed that the light profile of its Heckler & Koch G36 barrels are leading to accuracy problems in the field, Reuters reported. The rifle’s accuracy opens up after sustained fully-automatic fire, which heats up the barrel, causing the point of impact to shift.

G36

So like now the German defense ministry under defense minister Ursula von der Leyen is considering issuing a different rifle that will never be used in combat, either but will at least meet the Bundeswehr’s stringent never to be used in combat standards.

Noch soll das Gewehr, von dem die Bundeswehr knapp 180.000 Stück angeschafft hat, im Einsatz bleiben. Ministerin von der Leyen kündigte aber bereits an, man müsse nach den neuen Tests prüfen, ob die Truppe “auf mittlere Sicht mit einem anderen Sturmgewehr ausgerüstet werden muss”.

To Russia With Love

I mean with debt. Go with God, Greece, but go (to Russia for more dough). I’m sure they’ll make you an offer you can’t refuse.

Russia

Greece’s energy minister is visiting Russia today after calling for a confrontation with a “Germanised Europe” in the country’s stalling bailout negotiations.

The visit comes less than a fortnight before Greek prime minister Alexis Tsipras is due to visit Russian president Vladimir Putin, the date of which was reportedly brought forward because of Greece’s financial disputes with the European Union.

“Today, it becomes even more evident to me that the pathway of the country away from the crisis goes through tough confrontation, if not collision, with the Germanized Europe.”

It’s Not That We’re Too Strong

The rest of you guys out there in Europe are just too weak. Like start doing more push-ups or something.

Germany

German dominance is in part a consequence of others’ retreat. That may be why complaints have been muted. “If the Italians don’t bring pasta and the French don’t bring pâté,” says a diplomat, “you can’t complain about Mrs Merkel’s cabbage soup.

PS: And speaking of getting stronger, you folks over at the FDP should learn to smile a little already. Polls indicate that you’re back over that magical 5 percent line and could get back in the saddle again – if elections were to be held today.

So Much For That Ongoing Illness

The copilot of the Germanwings plane that crashed into the French Alps appears to have hidden evidence of an illness from his employers, German prosecutors said after authorities found a torn-up sick note while searching his homes.

Germanwings

All of this disturbs me in more ways than one, as I’m sure it does you. If it is true that “Lufthansa has one of the most complete and exhaustive selection processes that there is,” what does that say about the rest of the airlines out there? This is just like those psycho shooters who do their thing in countries with stringent gun control laws (Breivik in Norway, the Dunblane school massacre in Scotland, etc.). You have to try to improve “the system,” of course, but do you really think it’s possible to stop people like this in the end?

Other medical documents found in police searches suggested an ongoing illness and appropriate medical treatment.

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