Can’t Reach The Current Planned Level Of Carbon Emission Reduction?

I know. Let’s introduce an even higher and more unrealistic new level of carbon emission reduction we can’t reach!

Uschi

Then everybody’s happy. Except those folks who still have to live in the real world.

German industry sceptical of EU’s new 2030 climate goals – The European Commission will present today (17 September) detailed proposals to reduce carbon emissions in the EU by 55% below 1990 levels by 2030. While German industry officially welcomes the new ambitions, it is also clearly sceptical.

The increase of the current target for 2030 by a further 15% would mean a roughly fivefold increase in the efforts of the 27 EU member states, BDI President Dieter Kempf emphasised at the beginning of his speech.

And according to BDI calculations, Germany alone would have to invest €2.3 trillion to achieve climate neutrality by 2050. “You can work out who of the other 26 countries can afford to do this. The level of ambition not only differs greatly within the EU, but also globally,” said Kempf.

 

V-Shaped

You know, V. Like V are having the worst economic downturn since World War II.

V

But whether the German stimulus measures “have bucked the Corona crisis” or not remains to be seen.

It can’t be too much of a crisis anymore though. Not if all the brothels are being allowed to open again. Come what may.

Several states in northern Germany are set to lift or ease pandemic restrictions on prostitution, with North Rhine-Westphalia now allowing sex workers to resume their business. The decision comes in the wake of several court cases filed by sex workers, who argued the restrictions unfairly discriminated against them.

But If We Stop Nord Steam 2…

We’ll be agreeing with Donald Trump!

Nord

Nord Stream 2: Why Germany may pull plug on Russian pipeline – For the first time since building began almost a decade ago, the future of the pipeline looks threatened.

Ironically, one reason that many Germans support the pipeline is because its greatest critic is US President Donald Trump. He is disliked in Germany and his rants against the pipeline only serve to boost its popularity.

Many voters suspect he wants it scrapped in order to sell American fuel to Germany instead. Mrs Merkel has to avoid the impression that she is giving in to pressure from Mr Trump.

 

More Debt Is The New Normal

In Germany too.

Schulden

The govenment might not directly admit it but the days when they at least strove to reach a balanced budget (black zero) are over.

Germany’s spending to counter the coronavirus crisis and modernize its economy means the country shouldn’t return to a balanced budget anytime soon, according to a senior Finance Ministry official…

Chancellor Angela Merkel’s government abandoned its balanced-budget policy this year and is set to borrow about 218 billion euros ($258 billion). A deficit of more than 80 billion euros is set for next year to fight the fallout from the pandemic, people familiar with the matter have said…

Germany’s constitutional debt brake obliges the government to keep debt under control. In good times, the rule allows for a structural deficit of 0.35% of gross domestic product. In times of recession, new borrowing can go up in proportion with the economic decline.

“A balanced budget isn’t obligatory.”

Save The Trees – And The German Automobile Industry!

Too late for the later, I think.

Trees

Germany Promises Elon Musk Whatever He Needs For Tesla Berlin Plant – The factory, under construction, would be Tesla’s first European car plant, and could employ an estimated 12,000 people, making as many as 500,000 cars a year. The factory is slated to start production in summer 2021, an aggressive timetable for a car plant…

Locals have complained that trees were cut down for the factory and that it’s being built in a region with scarce water resources, but construction has progressed relatively smoothly so far.

“We are very proud of your car plant in Brandenburg and we wish you good luck with that. You’ll have every assistance you need.”

Berlin Cancels Protest By Protestors Who “Question Democracy”

By, well, cancelling Democracy itself.

Ban

Berlin bans large weekend protests against coronavirus restrictions, citing health grounds – The city government of Berlin has called off several planned weekend protests, the largest of which on Saturday expected to draw 20,000 people or more. The organizers plan to challenge the move in court.

Anyone who does not conform to the red-redder-green party line is immediately labeled a right-wing extremist. Works every time.

Achieved?

Germany has took on more than it can handle. And is continuing to do so (400+ per day). That’s what it has achieved.

Germany

Germany: Five years after the refugee crisis, what’s been achieved? – Five years ago, as hundreds of thousands of refugees came to Germany, Chancellor Angela Merkel maintained: “We can do it.” How has Germany — and those who sought asylum — managed since then?

…The initial “welcome culture” that Merkel advocated dissipated on New Year’s Eve 2015/16, when women were assaulted by migrants in Cologne’s main railway station.

And then came the Berlin terror attack, foiled terror attacks, all the other crime, disappointment and daily conflicts the German media does its best to ignore. And most Germans just keep on pretending that none of this is really happening. Why? Because Germany is a Moral Superpower? Are Germans that good at denial (see WWII and Communist East Germany)? Maybe it isn’t really happening. If you don’t see it in the news and no one is allowed to express an uncomfortable opinion or inconvenient truth about it maybe it didn’t happen, right? You don’t even need a Big Brother in Germany. Everybody does this voluntarily.

 

No Way Back

No way out. No doubt about it.

Out

Spending other people’s money is so exciting. Joint debt is the bestest kind of debt there is. It’s free. Somebody else will pay it back. In this case, the Germans. Germans who haven’t even been born yet, but still.

Germany’s Scholz (SPD) sees ‘no way back’ from EU joint debt – German Finance Minister Olaf Scholz said Sunday (23 August) that the European Union’s recovery package financed by joint borrowing was a long-term measure rather than a short-term coronavirus crisis fix, contradicting Chancellor Angela Merkel.

“The Recovery Fund is a real step forward for Germany and for Europe, one we won’t go back on,” Scholz, who is also the centre-left Social Democratic Party (SPD) candidate to succeed Merkel in 2021 elections, told the Funke newspaper group.

Germany Would Be So Much Poorer Without Berlin

Not. Not according to this latest study.

Berlin

Normally, the per capita economic output (GDP) in capital cities in Europe is higher than in the rest of the given country. There is one big exception, however. Germany would be wealthier without Berlin.

Poor but sexy” is out. Now Berlin is just poor. Actually, it’s been that way for ages but nobody seems inclined to do anything about it. See the current red-redder-green city government.

Jeder Deutsche wäre ohne Berlin knapp 80 Euro reicher. Every German would be about 80 euros richer without it.