What a novel idea!
Let’s give it a try.
Scholz’s Dream of Climate Revolution to Revive Germany Is Dying – Chancellor’s ambition for economic miracle is floundering.
Coalition is reeling from months of infighting over green plan…
Another big brake on growth and investment is energy costs. Although lower than last year’s records, gas and power prices are still between two to three times the level compared with before the war in Ukraine.
They may beat them in footbal (2-1 last night, without a manager) but…
German economic weakness belies France’s outperformance – Germany’s economic weakness is casting a flattering light on France’s relative resilience that belies the otherwise middling performance of the euro zone’s second-biggest economy, economists say…
Germany’s manufacturing-focused economy is struggling to adapt to being cutoff from cheap Russian gas and the rise of the electric vehicle, said Charles-Henri Colombier with the Rexecode economics think tank in Paris.
Germany’s gas-hungry chemical industry has seen production fall 18% from 2019 levels while in France it is only 8%, Colombier said. Meanwhile, German motor vehicle production is down 26% and only 6% in France.
At saving the planet.
Too bad we’re destroying ourselves in the process.
Strike one: Germany’s nuclear phase-out.
Strike two: Its self-inflicted energy dependency on Russia.
Strike three: Still believing that renewable energy can run an industrialized country.
Green energy prices are killing German industry right before our very eyes.
Germany predicted to be the only major European economy to contract this year as recession lingers – The German economy has struggled in the wake of Russia’s invasion of Ukraine, with Berlin having to, very quickly, end years of energy dependency on the Kremlin. The International Monetary Fund said in July that Germany would likely contract by 0.3% this year.
That means everything is fine, cool, hunky-dory.
Falling industrial output for three straight months ain’t no big deal, says German Green Vice Chancellor Robert Habeck. And “not everything is bad,” he added. Wow. That’s actually unbridled optimism for a Green.
Habeck defends German economy as output drops – Vice Chancellor Robert Habeck said Germany remains a “highly attractive location” for investors. But the statistics agency said industrial output fell for a third straight month, and that wasn’t the only negative news.
About work? I live in Germany.
I’ll just live off the state (i.e., taxpayers). Everybody’s doing it!
Germans question value of working after new welfare increases, survey shows – More than half of Germans believe work is not worthwhile after the government’s planned increase in welfare payments and child benefits, a survey showed on Tuesday.
The government said it was raising benefits, first introduced in 2005, to fight child poverty and help citizens cope with inflation, but added it did not want to deter people from work altogether.
Welfare payments, dubbed “citizens’ money”, for more than 5.5 million jobless in Germany will rise to 563 euros ($605.06)from 502 euros per month for single people from next year.
PS: What you may not be aware of is that those who receive welfare payments in Germany also get their rent, healthcare and other entitlements paid for in addition.
It was your willing dependency on it. And your systematic shutdown of reliable energy sources at home.
Green ideology got you here. Now sit back and enjoy it. And remember: You’re setting an example for the rest of the world.
Energy fears spur German industrials to seek investments abroad – Annual business survey finds concern over country’s future without Russian gas.
Nearly a third of German industrial companies are planning to boost production abroad rather than at home amid increasing concern over the country’s future without Russian gas, according to a closely watched annual survey.
The annual “Energy Transition Barometer” by the German Chamber of Commerce and Industry (DIHK) found that 32 per cent of companies surveyed favoured investment abroad over domestic expansion. The figure was double the 16 per cent in last year’s survey.
Germany Is Losing Its Mojo. Finding It Again Won’t Be Easy.
Europe’s biggest economy is sliding into stagnation, and a weakening political system is struggling to find an answer
Step two: Once rent prices explode due to step one, introduce a rent freeze to end the few meager building projects still in operation.
Go Social Democracy!
Germany’s ruling party plans to curb rent increases – SPD set to unveil measures to tackle soaring costs facing tenants, says senior lawmaker.
Germany’s ruling Social Democratic party is set to propose a three-year rent break across the country, as tenants struggle to cope with the soaring cost of housing in Europe’s largest economy.
“We need to create breathing room — we need a rent freeze for the next three years,” senior SPD lawmaker Verena Hubertz told Bild am Sonntag, adding that Chancellor Olaf Scholz would outline measures on Monday to tackle the country’s cost of living crisis.
This is an assurance that another’s obligation will be fulfilled, or something presented as such security; guaranty. In this case, they mean with taxpayer money.
And the guarantee is that the Germany economy is guaranteed to fall flat on its face if the German government continues its odd obsession with remaining dependent on China as a business partner. It’s recent dependency on Russan gas was just that much fun, I guess.
German guarantees for China investments plummet -document.
The volume of investment guarantees provided by the German government to companies investing in China has collapsed this year, a government document showed, highlighting the impact of Berlin’s efforts to end over-reliance on the country.
Only 51.9 million euros ($56.26 million) in guarantees have been issued so far this year, according to the document seen by Reuters, less than a tenth of the 745.9 million euros in guarantees issued over the whole of last year.
I know, it doesn’t ryhme as well as with “woke” but it’s OK. They’re woke too.
We’ll see for how much longer, though.
Nearly two-thirds of Germans want new government, poll says – A survey shows nearly two-thirds of voters want to pull the plug on Germany’s ruling coalition. The poll comes immediately after figures that show most Germans are unhappy with Chancellor Olaf Scholz and his government.
As many as 64% of Germans who answered in the survey released on Saturday said a change of government would make the country a better place…
Pollsters also asked about the so-called “traffic light” coalition of center-left Social Democrats (SPD), the Greens, and the neoliberal Free Democrats (FDP). Voters were asked how it measured up against Chancellor Angela Merkel’s “Grand Coalition” of conservative Christian Democrats/Christian Socialists (CDU/CSU) and the SPD.
Observing Hermann 