It’s the energy, stupid

They may beat them in footbal (2-1 last night, without a manager) but…

German economic weakness belies France’s outperformance – Germany’s economic weakness is casting a flattering light on France’s relative resilience that belies the otherwise middling performance of the euro zone’s second-biggest economy, economists say…

Germany’s manufacturing-focused economy is struggling to adapt to being cutoff from cheap Russian gas and the rise of the electric vehicle, said Charles-Henri Colombier with the Rexecode economics think tank in Paris.

Germany’s gas-hungry chemical industry has seen production fall 18% from 2019 levels while in France it is only 8%, Colombier said. Meanwhile, German motor vehicle production is down 26% and only 6% in France.

We’re number one!

At saving the planet.

Too bad we’re destroying ourselves in the process.

Strike one: Germany’s nuclear phase-out.
Strike two: Its self-inflicted energy dependency on Russia.
Strike three: Still believing that renewable energy can run an industrialized country.

Green energy prices are killing German industry right before our very eyes.

Germany predicted to be the only major European economy to contract this year as recession lingers – The German economy has struggled in the wake of Russia’s invasion of Ukraine, with Berlin having to, very quickly, end years of energy dependency on the Kremlin. The International Monetary Fund said in July that Germany would likely contract by 0.3% this year.

German of the day: alles bestens

That means everything is fine, cool, hunky-dory.

Falling industrial output for three straight months ain’t no big deal, says German Green Vice Chancellor Robert Habeck. And “not everything is bad,” he added. Wow. That’s actually unbridled optimism for a Green.

Habeck defends German economy as output drops – Vice Chancellor Robert Habeck said Germany remains a “highly attractive location” for investors. But the statistics agency said industrial output fell for a third straight month, and that wasn’t the only negative news.

What, me worry?

About work? I live in Germany.

I’ll just live off the state (i.e., taxpayers). Everybody’s doing it!

Germans question value of working after new welfare increases, survey shows – More than half of Germans believe work is not worthwhile after the government’s planned increase in welfare payments and child benefits, a survey showed on Tuesday.

The government said it was raising benefits, first introduced in 2005, to fight child poverty and help citizens cope with inflation, but added it did not want to deter people from work altogether.

Welfare payments, dubbed “citizens’ money”, for more than 5.5 million jobless in Germany will rise to 563 euros ($605.06)from 502 euros per month for single people from next year.

PS: What you may not be aware of is that those who receive welfare payments in Germany also get their rent, healthcare and other entitlements paid for in addition.

For the past forty years…

Germany has been becoming “a far-right stronghold.” For the past forty years at least (I’ve seen it, live).

So, you’d think that after all this time and effort these far-right folks might have finally built a stronghold that anyone with any sense would finally feel threatened by. Well, they haven’t. This is just another classic media and leftist party trope the German establishment recycles at regular intervals to allow their clientele to feel morally superior and signal virtue. You know. That “cry wolf” kinda thing? Call them Nazis and the people will love you for it.

Once Inoculated by Its Nazi Past, Germany Is Becoming a Far-Right Stronghold – Support for pro-Russia, anti-immigration Alternative for Germany surges as more voters lose faith in mainstream politics.

The lack of Russian gas isn’t your problem, Germany

It was your willing dependency on it. And your systematic shutdown of reliable energy sources at home.

Green ideology got you here. Now sit back and enjoy it. And remember: You’re setting an example for the rest of the world.

Energy fears spur German industrials to seek investments abroad – Annual business survey finds concern over country’s future without Russian gas.

Nearly a third of German industrial companies are planning to boost production abroad rather than at home amid increasing concern over the country’s future without Russian gas, according to a closely watched annual survey.

The annual “Energy Transition Barometer” by the German Chamber of Commerce and Industry (DIHK) found that 32 per cent of companies surveyed favoured investment abroad over domestic expansion. The figure was double the 16 per cent in last year’s survey.

Step One: Do everything you can to make it difficult to build new housing…

Step two: Once rent prices explode due to step one, introduce a rent freeze to end the few meager building projects still in operation.

Go Social Democracy!

Germany’s ruling party plans to curb rent increases – SPD set to unveil measures to tackle soaring costs facing tenants, says senior lawmaker.

Germany’s ruling Social Democratic party is set to propose a three-year rent break across the country, as tenants struggle to cope with the soaring cost of housing in Europe’s largest economy.

“We need to create breathing room — we need a rent freeze for the next three years,” senior SPD lawmaker Verena Hubertz told Bild am Sonntag, adding that Chancellor Olaf Scholz would outline measures on Monday to tackle the country’s cost of living crisis.

Englisch of the Day: Guarantee

This is an assurance that another’s obligation will be fulfilled, or something presented as such security; guaranty. In this case, they mean with taxpayer money.

And the guarantee is that the Germany economy is guaranteed to fall flat on its face if the German government continues its odd obsession with remaining dependent on China as a business partner. It’s recent dependency on Russan gas was just that much fun, I guess.

German guarantees for China investments plummet -document.

The volume of investment guarantees provided by the German government to companies investing in China has collapsed this year, a government document showed, highlighting the impact of Berlin’s efforts to end over-reliance on the country.

Only 51.9 million euros ($56.26 million) in guarantees have been issued so far this year, according to the document seen by Reuters, less than a tenth of the 745.9 million euros in guarantees issued over the whole of last year.

Attract workers to Germany?

Great idea!

But I saw a report last night about who’s already going to be put on the list: Unwed and unemployed mothers living off the German welfare system, for example.

We’re from the government and we’re here to help! Some call it “Social Democracy.”

Germany is moving forward with a plan to ease its citizenship rules as it seeks to attract workers – Applicants will IN MOST CASES be required to prove that they can support themselves and their family without receiving state benefits. The new legislation will specify that “antisemitic, racist or other inhumanly motivated actions” rule out naturalization.

Zero the Hero

Our Green superhero.

Only Kryptonite (also green) can stop him – otherwise known as the real world.

Germany set to miss net zero by 2045 target as climate efforts falter – German goals to cut greenhouse emissions by 65% by 2030 are likely to be missed, meaning a longer-term net zero by a 2045 target is also in doubt, reports by government climate advisers and the Federal Environment Agency (UBA) show.

The European Union has sought to be a climate leader and Germany has set itself more ambitious targets than the bloc as a whole, but in many countries politics and the economic crisis have pushed the climate crisis down the agenda.