I Know, I’ll Blame The Banks!

In a brilliant and risky move never yet attempted by a left-wing politician ever before, SPD boss Sigmar Gabriel has boldly proposed to improve his parties chances at next year’s federal election by “blaming the banks” for everything that has gone wrong in the financial sector and elsewhere.

“Mind-blowing,” one German political commentator said. “No one has been able to put these complex puzzle pieces together like this up until now. But by calling the banks extortionists, accomplices to tax evasion, hustlers and manipulators, Gabriel develops a subtle analysis of a highly complicated theme, thus making it easily accessible to the man on the street.”

“Die versammelte Linke in Deutschland betrügt sich selbst und betrügt die Bürger, wenn sie einerseits die Krise mit immer neuen Schulden bekämpfen will – und dadurch die Abhängigkeit von den Banken und Finanzinstituten erhöht, die man andererseits blindwütig an den Pranger stellt.”

“The entire left tricks itself and the citizens when, on the one hand, it calls to fight the crisis with ever more debt – thus making us even more dependent upon the banks and financial institutions – and then, on the other, mindlessly blaming them for everything.”

Where Have All The Occupiers Gone?

Wo sind sie geblieben?

Remember when an occupy camp used to be an occupy camp? When a man was a man and a woman was a woman and the occupy movement was a joke? Oh sure, it still is, but who cares  anymore?

Now, at least for the occupy camp in front of the European Central Bank in Franfurt, “garbage, rats, social distress and addiction problems have pushed the captitalism protests into the background.”

We will yet overcome or something.

Müll und Ratten sowie soziale und Suchtprobleme haben den kapitalismuskritischen Protest längst in den Hintergrund gedrängt.

Your Tax Euros At Work

SPD Governor (Rhineland-Palatinate) Kurt Beck just can’t resign, Nürnburgring bankruptcy or not. This is because, well, “he’s been in office longer than any other German governor” out there. Or is that maybe part of the problem?

Nuerburgring GmbH, 90 percent owned by the state, ran into financial trouble amid a dispute with the track’s operator over leasing fees, and Rhineland-Palatinate has sought to restructure the company with the help of a bridge financing package.

„Jetzt wird es Zeit, dass MP Beck selbst politische Insolvenz anmeldet.“

We Must Save The World But It Must Be Affordable

Cheap, in other words.

Germans everywhere are slowly waking up to the fact that their revolutionary switch to renewable energy sources is going to cost way too way much more than they ever thought they would ever have to pay – and the German government has now woken up to this.

That is why they have now begun a quiet backpedaling policy designed to prepare the German population for a slow turnaround from the energy turnaround that hasn’t even begun to turn around yet.

“For me it’s a priority that electricity remains affordable,” Germany’s new Environment Minister Peter Altmaier says, for instance.

He also says he doubts that Germany will be able to reach its goal of introducing one million electric cars by 2020.

Nor does he think that Germany will be able to cut its energy consumption by 10 percent that year, a precondition for reaching the illusory goal of 35 percent renewables the government is still aiming for, sort of.

This is the German Environment Minister talking here, folks. So you get the message, don’t you? And if you don’t get it now, you’ll get it later.

Regierung fürchtet die Strompreis-Wut der Wähler

Bundeswehr On The Front Line Again

When it comes to fighting for German weapon system exports, I mean. Talk about your military industrial complex. The Germans sure have one – and are clearly in denial about it – which is the real news item here if you ask me. Take the latest sale of frigates to Algeria, for instance (I mean please).

These pacifistic (German made) and very expensive peaceships not only make big profits for traditional Waffenschmiede (weapons makers) like Thyssen-Krupp Marine-Systeme, they finally give Germany’s alibi army something vernünftig (reasonable) to do: Train the folks who might actually be using these weapons one day – and in a thoroughly German thorough way, too, I am sure.

Who says the Bundeswehr isn’t an effective force? No, not a fighting one, as a sales force.

“Die Ausbildung wird in Deutschland und auf Hoher See stattfinden.”

The German Sommerloch

It’s here (the German “summer hole“). So get used to it. And remember: If it wasn’t for slow news (see yesterday’s post), we wouldn’t have no news at all.

Or as one paper here put it: “Exotic Animals in a Summer Loch Ness.”

Hey, news is a product, folks. And production is down.

In the United States the period is referred to prosaically as the slow news season.

172 Economists Can’t Be Wrong

Right? Right.

We have to approach this differently, folks. Pick an economist. Pick five. Find one that has ever been right. When it comes to dire warnings about the future, I mean.

Sure, I don’t like the idea of Angela Merkel deciding “to agree to allow eurozone bail-out funds to support sinner states” either, but if 172 economists are all hot and bothered about it, then maybe it wasn’t such a bad decision after all.

“First of all, this is about better banking supervision, and one can only say that that is urgently necessary.”

Underground Fashion Goes Underground

Now if only it would stay there.

Damn. This is becoming quite a ritual (yawn). But this is just what folks at Berlin Fashion Week do, so deal with it. Thirty-four models, four hundred passengers and seventeen labels on one subway train, what’s that get you? An underground catwalk – for the seventh time now already. Sheesh.

“This year is all about kitschy kitsch.”

Inferiority Superiority Complex

North, south. Inferiority, superiority. It’s all the same to me.

Germans export more to their European partners than they consume, benefiting from this asymmetrical situation even as they expect everyone else to be exporters and savers like them.

Babies Down 15,000

Germans have been dying off faster than they can replace themselves for over forty years now. It’s just what they do.

And here are last year’s numbers: 2.2 percent fewer German babies were born in 2011 then in the year before. Strangely, though, the number of inhabitants actually grew last year (them damned durn foreign immigrants again).

It’s the demographics, stupid.

Schon seit 40 Jahren sterben in Deutschland mehr Menschen als Kinder geboren werden.