Just burning to surpass Germany’s GDP per capita.
Poorest US state rivals Germany: GDP per capita in US and Europe – Mississippi, the poorest state in the United States, is close to surpassing Europe’s largest economy Germany’s GDP per capita. Euronews Business compares US states with European countries.
What a silly question.
“European leadership?” There is no such thing. It’s just that now and then little reminders like this pop up in the news. Europe doesn’t lead. Europe doesn’t produce. It redistributes. It redistributes until there is nothing less to distribute.
First France, Now Germany: What Is Going On in Europe?
Germany’s government collapse and imminent snap elections mark the latest crisis amid an ‘uneven’ state of European leadership, an expert says.
It’s the economic science, stupid.
German union boss urges Berlin to scrap borrowing cap to safeguard economy – IG Metall chair Christiane Benner addresses thousands of VW workers striking over planned closure of several plants.
The head of Germany’s most powerful trade union has called on Berlin to drop its cap on new borrowing to safeguard the future of Europe’s largest economy.
IG Metall chair Christiane Benner said the country should follow the example of the US and China, which are heavily supporting their domestic industries, meaning the borrowing limit had to “stop — immediately, not after the elections”.
Not if you live in Germany.
It’s the cost of enertgy, stupid.
German industrial output unexpectedly falls in October – German industrial production unexpectedly fell in October, owing mainly to declines in energy production and in the automotive industry, the federal statistics office said on Friday.
Production was down by 1.0% in October from the previous month, the office said.
But it’s not as risky as investing in Germany.
German Fortune 500 companies have announced over 60,000 layoffs this year, but the biggest employee cull is still to come – German companies in the Fortune 500 Europe have announced over 60,000 layoffs this year, in a sign of the country’s ongoing economic malaise that has left manufacturers reeling.
Major German employers, including Bosch, Thyssenkrupp, Deutsche Bahn, and Siemens, have this year announced plans to lay off thousands of workers in a bid to combat falling profits following a rocky post-COVID economic landscape.
You must NEVER relax the debt brake, Germany.
Relax Germany’s debt brake, says Angela Merkel – Former chancellor’s memoirs back reform of borrowing cap that she introduced into constitution.
Former chancellor Angela Merkel has called for Germany to relax its “debt brake”, in a sign of the growing political pressure to overhaul a borrowing cap that many economists say is too inflexible.
Merkel, who served as chancellor between 2005 and 2021 and introduced the debt brake into Germany’s constitution, made the proposal for change in her autobiography Freedom: Memories 1954-2021.
Hiring war gestern (was yesterday).
German companies’ hiring plans drop to four-year low, Ifo finds – German companies are less willing to hire new staff than at any point in more than four years, data from the Ifo institute showed on Monday, as weakness in Europe’s largest economy has left its mark on the country’s labour market.
Ifo’s employment barometer fell to 93.7 points in October from 94.0 points in September, the lowest level since July 2020.
Other than that though, alles ist in Ordnung (everything’s OK).
Germany’s lost decade: How the Fortune 500 Europe giant is flirting with long-term irrelevance – There is an elephant in the room of the 2024 edition of the Fortune 500 Europe. It’s not a crisis-riddled company or scandal-hit CEO. Rather, it’s the whole German economy.
For most of the 21st century, economists and neighboring countries have looked to Germany with admiration and envy as it managed to weather economic storms with relative ease, capitalizing on trade with growing economies and expanding the power of its industrial giants in the process.
However, a shifting world order has pulled the carpet out from underneath Germany. The industrial quirks that once helped it outgrow its European peers are fast becoming a burden, and crisis after crisis has exposed a lack of planning at the top of government.
Right? It’s always the answer. Just look at US-Amerika.
We should be commending the Germans for not going down that deadly road, not smirking at them.
Schadenfreude reigns as Berlin pays the price of its tough line on debt – “It’s karma, no?” said one European official.
Germany has long been the European Union’s penny pincher par excellence — a paragon of fiscal rectitude in contrast to its spendthrift neighbors. But now its insistence on balancing the books is coming back to bite it.
I wonder why.
It costs over four thousand euros for a commercial aircraft to leave a German airport. In other European countries it costs as little as 500 euros. Some say this has to do with German regulation and “green kerosene” madness but I’m sure there must be a more… reasonable explanation.
Lufthansa CEO concerned more airlines will cut German routes – After airlines such as Eurowings and Ryanair have cut back their connections in Germany due to excessive fees and costs, Lufthansa CEO Carsten Spohr fears a negative impact on Germany as a place to do business.
Observing Hermann 