To manage your money here? What could possibly go wrong, Deutsch Bank?
Deutsche Bank relocated hundreds of IT specialists from Russia to Germany – German lender lowers dependency on technology centre supporting its investment and corporate bank.
These Germans. They’re all worried about some horrible war just a few miles down the road and ever-growing inflation that looks as though it might be spiralling out of control.
They should worry about real problems, like they used to. You know, like their plans for this year’s third vacation, their next second car, finally starting that diet, which weekend demonstration to take part in, etc.
Germans worry about war and inflation – The German government is supporting Ukraine, battling inflation, and combatting climate change. A monthly survey has asked voters how they rate the efforts.
The war is driving up energy prices, but food prices have also risen significantly. Almost half of all respondents said they already have to cut back significantly because of this. Among low-income earners, 77% say they are beginning to struggle…
What a steal. From the taxpayers, as usual. But still.
Germany offers €9-a-month public transport ticket – Cut-price deal allows nationwide travel as Berlin acts to soften the impact of rising inflation and expensive fuel.
The €9 ticket opens up the entirety of Germany to many who couldn’t otherwise afford it. It’s now so easy to scramble up the Harz mountains, stroll through “Frau Holle Land” and drink a few beers on the Ruhr. You could even reenact Inglourius Basterds in the Elbe Sandstone Mountains or find out why Tom Hanks fell in love with Eisenhüttenstadt for yourself.
That’s right. All you Germans were.
‘We were all wrong’: how Germany got hooked on Russian energy – Germany has been forced to admit it was a terrible mistake to become so dependent on Russian oil and gas. So why did it happen?
Why? That’s easy. Because Germans always want an Extrawurst (an extra sausage, as in special treatment). Well, they’re sure getting special treatment these days.
When Putin invaded Ukraine in February, Germany faced a particular problem. Its rejection of nuclear power and its transition away from coal meant that Germany had very few alternatives to Russian gas. Berlin has been forced to accept that it was a cataclysmic error to have made itself so dependent on Russian energy – whatever the motives behind it. The foreign minister, Annalena Baerbock, says Germany failed to listen to the warnings from countries that had once suffered under Russia’s occupation, such as Poland and the Baltic states.
And then, of course, there were the warnings from EVIL US-Trump-Amerika itself. Those just had to be ignored. Well, wake up and smell the Kaffee is all I can say now.
He’s bringing more jobs to us here in Germany.
When will the horror ever end?
Tesla Submits Application to Expand German Plant – Tesla has submitted an application to build on a further 100 hectares east of its plant in Germany, expanding the site’s area by a third, local newspaper rbb reported on Thursday, citing the local mayor.
The electric carmaker, which already has 300 hectares of land for its auto factory and battery plant under construction, planned to build a freight station, logistics areas and parking spaces on the additional space, Gruenheide mayor Arne Christiani told RBB.
Thanks for the warning, German central bank, one of the main culprits behind the problem you’re warning about.
Germans are suffering large cuts in real pay, Bundesbank report says – Workers in Germany are experiencing large cuts in their purchasing power as modest pay rises fail to keep up with record-high inflation, the country’s central bank said in a report on Monday.
It’s an age-old dirty trick. The EU, the central banks and the German government itself are pursuing policies that magically generate more tax revenue without openly raising taxes. If prices go up 10%, say, the tax receipts increase 10% too. Inflation also reduces government debt (if they borrowed 1000 but only have to pay back 900 in real terms). But thanks for the warning. That’s very considerate of you.
That means foundation. You know, like the “climate protection foundation” SPD Prime Minister (Governor) of Mecklenburg-Western Pomerania Manuela Schwesig created to get around American sanctions to help Russia finish the Nord Stream 2 pipeline – which never went into operation although completed, for some strange reason.
Now that she got caught the “foundation’s” chairman of the board has stepped down so it can quietly be liquidated.
The foundation had been the subject of criticism since its establishment in January 2021 because, in addition to climate protection, its main purpose was to secure the completion of the Nord Stream 2 natural gas pipeline through the Baltic Sea. Companies involved in the construction had in fact been threatened by US sanctions.
Nord Stream 2 AG paid 20 million euros into the foundation’s coffers. Nord Stream 2 was completed – with the foundation’s support. However, because of the Russian invasion of Ukraine, it has not received an operating permit from the German authorities. Schwesig has come under criticism for her long adherence to Nord Stream 2. Accusations have been made that Russian forces pulled the strings in key areas of the foundation. Schwesig had played a key role in promoting the establishment of the foundation in 2021.
So, of course “Germany Can Survive Without Russian Gas.”
The Greens think Germans should do without any form of gas, other than the kind you get from being a vegatarian. They don’t think Germans need any of that yucky energy and industry stuff at all, in fact. Just sunshine, wind, tweeting birds and apple trees. And a treehouse for everyone in the forest. And butterlies. And a cozy campfire every once in a while. But not too many of those because of the CO2.
Economy Minister: Germany Can Survive Without Russian Gas – Germany will be able to withstand a halt of Russian natural gas supplies as long as it manages to fill up its gas storage, Economy Minister Robert Habeck told German media this week.
In an interview with WirtschaftsWoche cited by Bloomberg, Habeck explained that the country would be able to weather the effects of a potential suspension of gas supplies from Russia under three conditions: that it fills up its gas storage facilities before the next heating season begins, that it finishes adding its planned LNG import capacity, and that Germans reduce their energy consumption.
Suddenly, for some odd reason, “LNG” is no longer a dirty word/acronym in German anymore. It used to mean “dirty, awful US-Amerikan fracking gas.”
It looks like they changed that definition recently so it probably won’t be long before the Germans will be explaining to the rest of the world how to do LNG the right way.
The Cabinet approves bill to speed up construction of LNG terminals – The Cabinet on Tuesday approved a bill to speed up the construction of floating and fixed LNG terminals and the pipelines needed to connect them to the gas grid. The Bundestag and Bundesrat still have to approve it.
55% percent of your energy needs coming from Russia?
Might be. But don’t worry for Germany. The government has “a plan” if Putin turns off the supply. And the government, as you know, is from the government and they’re here to help. Just like they helped you get into this mess in the first place.
German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms.
The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about supplies of the gas that powers Europe’s biggest economy and is critical for the production of steel, plastics and cars.
Russian gas accounted for 55% of Germany’s imports last year and Berlin has come under pressure to unwind a business relationship that critics says is helping to fund Russia’s war in Ukraine.
Observing Hermann 