“Whenever you find yourself on the side of the majority, it is time to pause and reflect.”
Majority of Germans confident energy supply to remain secure through winter, survey shows.
Nearly two thirds of Germans believe that power supply in Europe’s biggest economy will remain secure over autumn and winter, a survey showed on Tuesday, as Berlin scrambles to compensate for falling Russian energy imports.
Or, if you prefer, no more German Alleingänge (going it alone)… After this one. Promise.
Tensions flare over the EU’s new irresponsible big spender: Germany – Countries say Berlin has a burden of responsibility not just to pour billions into its own economy — when German mistakes created the crisis.
Ten years ago, when Europe was in the throes of the eurozone crisis, Germany led the drive for austerity. Now the rest of Europe is fuming about Germany’s heavy spending on energy subsidies that they fear could exacerbate the Continent’s politically explosive rich-poor divide. It hardly helps these growing tensions that it was Berlin’s misguided dependence on Russian gas that helped trigger the bloc’s energy crisis in the first place.
Well, we’ll fix that by subsidizing its use to encourage consumers to consume even more.
No need to thank us. We’re from the government and we’re here to help.
German gas consumption too high, says energy regulator – Germany’s network regulator, whcih would be in charge of gas rationing in the event of a supply emergency, on Thursday said that household consumption was too high to be sustainable.
That means, roughly, “this surely must be a record.”
The last time we had inflation like this was way back during… Holy Scheiße!
German inflation hits 70-year high as economists warn of deep recession risk – September figure of 10.9% comes as institutes outline how gas shortages could hit growth in 2023.
Are always more fun!
Give me a break, people. Look, I’m burning this money as fast as I can!
German minister call for more funds for companies as debt debate intensifies – The German economy minister (Greens) on Thursday called for more government funds to support companies as a debate intensifies on whether Berlin should suspend its debt brake next year.
That means tax revenues.
How’s it go again? The bigger they are, the harder their tax revenues fall? Jeepers. I wonder why tax revenues would be falling in Germany these days. It’s not like businesses are only just beginning to go bankrupt thanks to Germany’s dependency on Russian gas, Green utopian make-believe, skyrocketing energy costs and the resulting crazy inflation. It must be something else.
German tax revenues fall in August for first time this year – Federal and state government tax revenues fell in Europe’s biggest economy during August for the first time this year, the finance ministry said on Thursday.
That means red alert.
Red alert for the German economy. After months of speculation, it is now official: Russia is turning off the gas tap on the Nord Stream 1 pipeline indefinitely. Germany is facing difficult times. Not only a cold winter is looming, but an industrial ice age.
German economy to shrink all winter as gas taps are turned off, Bundesbank says – The German economy is contracting already and will likely get worse over the winter months as gas consumption is cut or rationed, the country’s central bank said on Monday.
That means nationalization.
Sound familiar? Ever more “We’re from the government, and we’re here to help” from the people who created the problem in the first place.
Gas importer Uniper in nationalisation talks with German government – Terms under discussion include increasing state’s holding to 50% as pressure on supplies continues.
The German state took a 30% stake in the group in a rescue package in July, amounting to about €15bn. Credit lines were further extended by about €4bn last month but the situation has worsened since Russia severed gas supplies to Germany via the Nord Stream 1 pipeline, forcing Uniper to find alternatives.
Why on earth for? It worked great with Russia.
German economy ministry reviews measures to curb China business – Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.
The measures could include reducing or even scrapping investment and export guarantees for China and no longer promoting trade fairs and manager training there, those people said. Loans from state lender KfW could be re-directed to projects in other Asian countries, such as Indonesia, in line with attempts to diversify trade and increase business with democracies.
Otherwise they wouldn’t be going broke like that.
Get with the plan and get back to nature already. Let them eat green cake or something.
German economy minister under fire as German companies sound alarm on energy prices – German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.
Asked whether he expected a wave of insolvencies at the end of this winter due to companies’ rising energy bills, Habeck said “No, I don’t. I can imagine that certain industries will simply stop producing for the time being.”
Observing Hermann 