German Solar Energy Industry Tanks, German Tanks Don’t

Unable to compete in the global market without the subsidy drug, state-ordained “energy turnaround” or not, Germany’s solar energy industry is getting eaten alive by cheap Chinese imports as we speak, so-to-speak.

“Ah, screw it,” German industrialists elsewhere in the country say to that. “We’ll just keep making a killing producing what we’ve always produced best: War technology. Tanks, Saudi Arabia!”

“But it’s not like we don’t continue to support the Arab Spring or anything,” another tankful German industrialist added ruefully.

German paper says Saudis want 600-800 tanks.

Bonds, German Bonds

That’s the thing about a crisis: There’s always a winner, too. Take the euro crises, for instance. And the demand for German bonds these days.

Demand for German bonds, seen as the safest haven in the euro zone, has pushed Berlin’s borrowing costs so low that some investors are effectively paying Germany for the privilege of lending it money.

Damn. This gives German bondage a whole new meaning.

Low interest rates on German bonds are translating into billions in savings. Now economists have calculated that the country should be able to balance its budget by next year — something that is likely to increase criticism of Germany’s crisis management.

…The perception that Germany is benefiting financially from the crisis while imposing strict austerity measures on countries in southern Europe is unlikely to win many friends for Chancellor Angela Merkel, who is already highly unpopular in countries such as Greece.

Speaking Of Presidents… You Call This Being “Increasingly Disillusioned” With Obama?

Well, there’s disillusion and there’s disillusion.

A new survey indicates that German disillusionment with the US president is “widespread.” Wow, like what a surprise or something. Even the Germans catch on eventually.

But wait, please look a little closer. The real news story has to do with the numbers behind this so-called disillusionment. “Disillusionment with Obama” over here means:

Nevertheless, they (the Germans) still have overwhelming confidence in Obama’s overall international leadership. In fact, at 87 percent, Germans are the most supportive in Europe… And nine out of 10 Germans want to see Obama re-elected.

Huh? OK. Unbelievable as usual. It never ceases to amaze me. In a nation so openly sensitive to the concept of Gleichschaltung (enforced political conformity, as in the Third Reich kind), how can you get more gleichgeschaltet than that?

In retrospect, hopes for an Obama presidency were unrealistically high, especially among Europeans.

How Could He Have Said That?

Boy oh boy, German President Joachim Gauck is in hot water with the German Left now. Bless his heart.

During a visit to something called the Leadership Academy for the Bundeswehr in Hamburg, he had the gall to demand “more openness” when it comes to Bundeswehr operations abroad.

He then had the nerve to say that there are once again German fallen (as in the soldier kind) no longer amoung us “who are hard to handle for those living in our pleasure-addicted society.”

And then he even had the chutzpah to say that violence can be “necessary and sensible when used to prevent violence itself.”

Needless to say, German lefties of all 57 varieties are now having a collective cow and lecturing him and the rest of us (I mean you) about how irresponsible such utterances can and must be whenever they come out of a German mouth. The same old same old, in other words.

You just can’t say stuff like this in Germany. It’s verboten. It’s taboo. And this guy says it anyway. In case you haven’t noticed, this is a President I like.

Schäfer nannte Gaucks “Äußerungen, um Opfer zu rechtfertigen, völlig falsch und fatal.”

Where Have All The Exports Gone?

The ones that used to go to the euro zone, I mean. Wo sind sie geblieben?

German imports tumbled at their fastest rate in two years in April and exports fell, adding to evidence that Europe’s largest economy is beginning to feel the chill from the euro zone debt crisis.

Hey, I’m all for austerity, too, Germany. But when your European partners are too austere to buy your German products, what happens then?

That’s when Plan B kicks in (the German master plan is well thought out, you know, the diabolical #!?§#!s): Exports to non-EU markets are now on the rise.

“German companies feel that foreign demand isn’t as dynamic as it used to be as the global economy is entering a weaker phase. The weakness originates in the euro area, where the debt crisis can no longer be felt only through budget cuts and austerity but increasingly creates uncertainty about economic prospects, which is reflected in weaker investment.”

Be Bold, Bitte

The Economist writes: If the euro collapses, then Germany will suffer hugely.

The downgrading of some of its banks this week was a portent of that. Moreover, the undoubted mistakes in Greece, Ireland, Portugal, Italy, Spain and the other debtor countries have been compounded over the past three years by errors in Europe’s creditor countries. The overwhelming focus on austerity; the succession of half-baked rescue plans; the refusal to lay out a clear path for the fiscal and banking integration that is needed for the single currency to survive: these too are reasons why the euro is so close to catastrophe. And since Germany has largely determined this response, most of the blame belongs in Berlin.

Throughout this crisis, Mrs Merkel has refused to come up with a plan bold enough to stun the markets into submission, in the same way that America’s TARP programme did. In short, even if her strategy has paid some dividends, its cost has been ruinous and it has run its course.

Germans Really Are Peaceniks After All

The submarines they have furnished Israel with will certainly be keeping the peace.

Israel is arming these Dolphin class subs with nuclear-tipped cruise missiles. Any nation that attacks Israel with a nuclear weapon will live to regret it. Not for very long, though.

Now this is gun control that really works. And here we thought the Germans were so down on nuclear power and all that.

“Darauf kann Deutschland stolz sein.”

Mark Your Calendars And Place Your Bets

I had no idea Auflösungserscheinungen (signs of disintegration) could occur this quickly with “progressive” political parties, not even in Germany. But disintegrating they are, two of them, right before our very eyes.

Let’s make a bet:

In three years at the latest, the Left Party will have completely lost whatever very, very little relevance they are said to have once had (still have?).

In two years time, no one will be reporting about the Pirate Party at all anymore. Not even Der Spiegel.

If I lose the bet, I’ll admit that I was wrong and you can buy me a cup of coffee. If I’m right, I won’t have to admit I was wrong and you can still buy me the cup of coffee.

“Ich bin müde, ausgepowert, erschöpft.”

PS: Little Big Man Oskar Lafontaine just shot himself in the foot for the last time (I hope) and the Left Party is now mutating back to roll over and die on either side of its natural East-West divide, with the Communists of the East literally dying off like flies and the Möchtegern (wannabe) Communists of the West having lost interest and now wandering off for the latest next great cause (see Pirate Party). The Pirate Party has already long reached its fraternity house gag zenith and just will not function, “transparancy” or not, because it refuses to develop a platform more suitable for the inhabitants of Planet Earth, much less a structure of any kind, and the people supposedly running the show throw in the towels quicker than they can learn how to use them (they don’t bathe regulary, get it?). That guy up there (and the guy right after him) quite from exhaustion after a couple of days of something that used to be called “work,” just like that.

I wish I could make stuff like this up but I can’t.

Privacy Concern Has Its Price

And in this case it will be about 300,000 euros per day.

European authorities have taken Germany to court for failing to implement the E.U. Data Retention Directive.

The European Commission announced on Thursday that it wants the European Court of Justice to impose a fine of just over €315,000 (US$391,866) a day.

The Data Retention Directive requires telephone companies and ISPs to store huge amounts of telecommunications information, including data about email, phone calls and text messages, for law enforcement purposes.

So much for Germany being the Musterschüler (model student) in all things EU. Germans don’t like this law because they live in a POLICE STATE or something (albeit one that’s all in their minds). It’s not that Germans don’t trust their fellow Germans or anything, you see, it’s just that they don’t trust their fellow Germans.

Hey, they should know. Where there’s smoke there’s fire and all that? I guess I’d pay up, too.

Weil Berlin geltendes EU-Gesetz über die Vorratsdatenspeicherung nicht in nationales Recht übertragen hat, hat die EU-Kommission Deutschland vor dem Europäischen Gerichtshof verklagt.

What’s 20 (30? 40?) Billion Euros These Days?

It’s peanuts, man. Renewable peanuts.

Damn. This gives power madness a whole new meaning.

Germany mapped out a 20 billion euro ($25 billion) plan on Tuesday to expand its power grid and avoid a “power gap” as Europe’s largest economy switches away from nuclear to renewable energy.

Germany’s government, the federal energy network regulator and transmission grid firms unveiled joint plans for thousands of kilometres of new electricity lines to 2022, to help distribute volatile renewable energy.

Operators say some 3,800 kilometers of new power lines needed through 2022.