Otherwise, though, things are looking up in Germany.
Germany inflation hits 30-year high at 7.3%, growth outlook dims – Inflation in Germany jumped to a record high since reunification in 1990. Growth expectations have been slashed amid fears the Ukraine conflict will hit Europe’s biggest economy hard.
Or the end of the beginning? Or just the start of the next big ugly mess – once Putin turns the gas off.
Germany: G7 rejects Russia’s demand to pay for gas in rubles – The Group of Seven major economies have agreed to reject Moscow’s demand to pay for Russian natural gas exports in rubles.
“Payment in ruble is not acceptable, and we will urge the companies affected not to follow (Russian President Vladimir) Putin’s demand.”
Pass a law that mandates gas storage facilities be filled by winter.
Only, what are you going to fill these storage facilties with? If Vladimir Putin turns off the gas, I mean. Oktoberfest beer?
Germany approves law mandating full gas storage before winter – The Bundestag lower house on Friday approved legislation requiring Germany’s privately-operated gas storage facilities to be full at the start of the next winter, to try to avert shortages in the event of a halt in Russian gas imports.
That means mega-blackout.
IF PUTIN TURNS OFF OUR GAS TAP – Government warns companies of MEGA-Blackout!
And here’s some more German of the day: Lass den Rubel rollen! That means let the rouble roll, as in spend, get that cash rolling!
And pronto!
But until then, just in case you were wondering:
Germany to continue buying Russian-provided oil, gas, coal – German Chancellor Olaf Scholz on Tuesday again dismissed calls to boycott Russian energy supplies in the wake of the attack on Ukraine.
Scholz said sanctions already imposed on Russia were hitting its economy “and this will only get more dramatic every day.”
At the same time, Scholz said the sanctions were designed to be “tolerable” for those imposing them, including in the long term.
“That is why Germany’s position on this question (of an energy boycott) remains unchanged,” he said.
I mean Elon. And what I actually meant was that he entered the Gigafactory.
Tesla’s Musk appears to have landed in Berlin – Tesla Chief executive Officer Elon Musk appears to have landed in Berlin, The Twitter user @ElonJet, who tracks the movements of Musk’s private jet, posted on Monday.
It’s the eve of Tesla Gigafactory Berlin’s first Model Y delivery event, and preparations are well underway in the company’s expansive Grunheide site. As images of recent activities at the Giga Berlin complex are shared online.
Unless, of course, they create jobs in Germany.
Intel plans to build a $19 billion chip plant in Germany – Intel has confirmed plans to build a semiconductor plant in Germany as part of an investment of up to €80 billion ($88 billion) in Europe over the next decade. The initial outlay for the facility in Magdeburg, the capital of Saxony-Anhalt, is €17 billion ($19 billion).
It’s never been tried before but the times they are a changin’ and call for desperate measures.
It goes like this: Instead of developing their own comparable European weapon system that will take three times longer to develop and cost three times more than planned (and then not work), Germany will buy a fully-functioning weapon system from US-Amerika that already exists and is immediately deliverable instead.
Germany to buy F-35 warplanes for nuclear deterrence – Germany will buy up to 35 copies of the U.S.-made F-35 fighter jet, reversing years-long plans that saw the fifth-generation warplane eliminated from consideration, defense leaders announced Monday.
That means tank discount.
No. Not those kind of tanks. Like tanks of gas. Germans will soon only have to pay an arm for their gasoline. They can keep their legs. For now.
German finance minister plans gasoline discount – German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with doaring prices, Bild daily reported on Sunday.
Beautiful German weapons sale of the week.
Because somebody has to admire them.
Thanks, Russia! Germany will now be selling tons of weapons to Germany for once.
Sensing a feeding frenzy, German arms makers jockey for position – Chancellor Olaf Scholz’s Feb. 27 proposal to ramp up defense expenditures by tens of billions of euros, spurred by Russia’s war on Ukraine, has defense officials in Berlin scrambling to identify spending opportunities that promise fast results, according to several company officials who spoke on the condition of anonymity to discuss internal deliberations.
Observing Hermann 