German Of The Day: Milliardenloch

That means a billion-euro hole. You know, as in the ones that will be appearing in the coming German federal budgets?

Loch

The money has been rolling in to Berlin for years but it looks like those days are about to end. Germany’s current finance minister, Olaf Scholz (SPD), warns that the government will be missing some 25 billion euros by 2023. No new expenditures possible, folks. Not unless there are cuts somewhere else. Right. Good luck with that, pal. You’re with the SPD, for crying out loud (that stands for Spend other People’s Dough).

And it sure would be a shocker if Germany now used this as an excuse not to live up to its defense spending commitments, wouldn’t it? See how this works, folks?

Nach Jahren sprudelnder Steuereinnahmen droht dem Bund wegen der abflauenden Konjunktur ein 25-Milliarden-Loch im Haushalt bis 2023.

Well, This Is A Fine Super-State You’ve Got Us Into

Brexit has been going on a long time before Brexit ever came along. For good reason.

Brexit

Germany planted the seeds of destruction…

Although the form of the British exit from the EU is often presented as a reductionist binary choice — “a no-deal exit” or “a deal the U.K. and the EU can live with” — London has in effect restated the fundamental question of what is a European project: A Europe of sovereign nation states, or a federal European super-state.

Brexit is a revolt against a German-run European super-state.

Germans Recycle Their Plastic, Right?

And this makes them feel good about themselves. They do it for the environment, you see. Their environment, it turns out. Because when all their plastic finally gets processed in their big plastic recycle machine thingy or whatever the hell it is, most of it has somehow ended up in… Souutheast Asia. It’s magic.

Plastic

Officially, the country’s recycling rate is 36 percent. But critics say this number is far from the ugly truth. A new packaging law even states that by 2022, 63 percent of all plastic waste should be recycled. But Peter Kurth, director of the Association of German Disposal-, Water- and Resource-Economy (BDE), said he considers this number utopian…

What cannot be economically recycled usually finds its way to the incinerator, for example in plants in the chemical or cement industries, Kurth said, where burning plastic becomes a substitute fuel for oil and gas. But there is more plastic waste than all cement and chemical plants in Germany need. Kurth said what is not sold to customers in Germany is sold to Asia.

“While Germans are world champions of trash separation, not everything they toss into the yellow bin reserved for plastic packaging gets recycled. It is often incinerated. Statistics show that only 15 percent will actually be reused.”

“Germany” To Protect Consumers From Rising Electricity Prices?

The rising electricity prices that “Germany” caused in the first place, you mean?

Consumers

Well, not quite. The “German taxpayer” will have to protect consumers from these rising prices, as usual. It’s a brilliant business plan that only governments like “Germany” can think up. The consumer/taxpayer pays twice, see? It’s not like anybody has to ask them.

Germany is planning to protect consumers and manufacturers from the impact of abandoning cheap coal-fired power, which Berlin is looking to ditch for environmental reasons, according to a government body’s draft paper.

The Coal Commission, which is tasked with organizing the exit from coal, said in a 133-page draft document seen by Reuters that companies and private households should be spared from heavy price increases.

“The necessary funds must be made available by the state to finance the recommended measures.”

United Kingdom

Beautiful German weapon sale of the week – only it’s actually more like a purchase this time.

BAE

Because somebody has to admire them.

Wait a minute. Aren’t these the same Germans who tell us that Brexit is going to be the end of the world as we know it?

Brexit boost as Germans invest £30million in UK tank maker – A GERMAN defence giant yesterday defied Brexit doomsayers by pumping £30million into a British armoured vehicle business.

But This Isn’t Supposed To Happen

Germans don’t like electric cars. So nobody else is supposed to like them, either.

Tesla

The customers are supposed to buy, you know, German diesel automobiles, for instance.

And now this. Tesla was dead. Everybody read about it. At least over here in Germany, they did. Again and again. And they liked what they read, too. But now, Tesla’s Model 3 appears to be a big hit in US-Amerika. And Tesla’s moving on to China. And this wasn’t supposed to happen. This is very upsetting for the German automobile industry. Very upsetting indeed. Now German automobile industrialists are on the defensive and will have to play catch-up and start pushing electric car production even harder even though they’re already printing mountains of money with their old technology now and why the hell would anybody want to buy a freakin’ stupid electric car like that anyway?

TESLA-BOSS SCHOCKIERT DIE KONKURRENZ MIT REKORD – Krisenkarre Model 3 plötzlich Bestseller.

German Of The Day: Auftragsschwund

That means a decrease in orders.

Auftragsschwund

Did the boom just go boom?

Orders slid 1 percent from October, and posted a year-on-year decline of 4.3 percent, the biggest in more than six years. The monthly decline was partly due to aircraft orders, which had jumped in October, as well as weakness in the euro area.

While there are questions over the outlook for the German economy, the euro area’s biggest, the Bundesbank has long expressed confidence that it will overcome the slump seen in mid-2018. Responding to the factory data on Monday, Commerzbank said the decline “should not be over interpreted.”

“Wir blicken abwärts.”

Egypt

Beautiful German weapon sale of the week.

Egypt

Because somebody has to admire them.

With the export (of a frigate) to Egypt, the Federal government maintains its controversial practice of supplying weapons to authoritarian regimes if these are considered to be regional partners of the Federal government. In addition, they will again break the promise not to deliver any more weapons to countries that are directly involved in the Yemen war (Saudi Arabia supports Egypt financially and makes this purchase possible and Egypt has participated in the Yemen conflict as a coalition partner with fighter jets).

Ägypten gehört ganz offiziell zu dieser von Saudi-Arabien geführten Koalition und hat auch mit Kampfjets an Missionen über dem Jemen teilgenommen. Indirekt dürften die Millionen für die deutschen Fregatten ohnehin aus Riad kommen. Seit Jahren hängt Ägypten finanziell am Tropf des Königsreichs. Ohne die massiven Zahlungen wären die ägyptischen Institutionen längst zusammengebrochen.

Mutti Wants More Multi

You must take on more responsibility in the coming year, my fellow Germans. For all of the mistakes I have made in the past, I mean.

Merkel

And these have been multiple mistakes, although we never openly discuss them here. No one knows why that is but that’s what we Germans do. Or don’t do. Anyway, that is why, for 2019, I expect you to multiply your efforts in becoming more multicultural, multireligious, multinational, multilingual and multidisciplined in your efforts to clean up the multifarious mess that my bat shit crazy good intentions have brought raining down upon this country.

I, for my part, have already contributed a great deal to the multi-movement by making Germany a much more multiparty place to live (see AfD). At the expense of my own party, I know, but still. And in the coming year I will concentrate much more on multilateralism. Multilateralism is very important on the international stage for us because, as you know, we Germans are notoriously risk-averse and never do anything on our own internationally unless it has to do with multiplying our profits. Take defense, for example. Please. Multilateralism allows us to shirk our international responsibilities while simultaneously allowing us to vilify those who are actually defending us. It’s a win-win situation for all. For all Germans everywhere. But that’s just one small example. It’s time to press on. The Sekt corks are already popping. 2019 is calling.

Stay multivated, my fellow Germans, and have a multiplicitous New Year!

“In our own interest, we must take on more responsibility.”

If It Wasn’t For No-Deal I Would’t Have No Deal At All

Germany Prepares for No-Deal Brexit to Avert Financial Turmoil

May

Tick-tock, tick-tock… Wake up and smell the tea, people.

“The only thing I can tell citizens in Germany is that we’re working hard on ensuring an orderly Brexit and that, in parallel, we’re preparing for the eventuality that it won’t be orderly.”

Mays bitterer Sieg – Brexit-Hardliner forderten Theresa May heraus – in einer Vertrauensabstimmung hat sich die Tory-Chefin durchgesetzt. Doch ein Befreiungsschlag gelingt ihr nicht.