Tag Archives: Banktruptcy

German Companies Just Aren’t Green Enough

September 8, 2022 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology Tags: , , , , , , , , , , , , , , Leave a comment

Otherwise they wouldn’t be going broke like that.

Get with the plan and get back to nature already. Let them eat green cake or something.

German economy minister under fire as German companies sound alarm on energy prices – German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.

Asked whether he expected a wave of insolvencies at the end of this winter due to companies’ rising energy bills, Habeck said “No, I don’t. I can imagine that certain industries will simply stop producing for the time being.”

More German “Universalization,” Please

July 15, 2015 By in Habitudes, Hard Facts, Heconomy, Helplessness, Higher Education, Home Cooking Tags: , , , , , , 1 Comment

German policy-makers genuinely believe the harsh medicine for Greece and others is the right thing to do, he added. In some ways, Germany is “trying to universalize its own history,” Mr. Kundnani noted. That history includes an extreme leeriness of inflation and debt, plus more recent experience about a decade ago with a series of successful economic reforms, including an overhaul of its labour market.

Germany

“I don’t see Germany as being an outlier. I see it rather as someone who is in the middle ground and seeking a balance. Germany is taking a lead by managing the debate.”

Germany Defeated Yet Again

July 13, 2015 By in Habitudes, Hard Facts, Heconomy, Helplessness, Home Cooking, Hurt Feelings Tags: , , , , , , , 11 Comments

No, it wasn’t World War III. It was the Endkampf (final battle) for Bailout III. Like, don’t these people ever get tired of surrendering?

Defeat

Europe woke up on Monday to a lot of headlines about the humiliation of Greece, the triumph of an all-powerful Germany and the subversion of democracy in Europe.

What nonsense. If anybody has capitulated, it is Germany. The German government has just agreed, in principle, to another multibillion-euro bailout of Greece — the third so far. In return, it has received promises of economic reform from a Greek government that makes it clear that it profoundly disagrees with everything that it has just agreed to.

“History repeats itself, first as tragedy, second as farce.”

My Big Fat Greek Divorce

September 12, 2011 By in Heconomy, Helplessness Tags: , , , , , , , , , Leave a comment

“To stabilize the euro, there can no longer be any taboos. That includes, if necessary, an orderly bankruptcy of Greece.”

You know, like an “orderly” divorce? Only this time nobody is getting the house because there’s no house to get (unless a house of cards counts).

It is not clear who is in the stronger position in the latest round of brinkmanship between Greece and the German bloc. If pushed too far, Greece can set off a powderkeg. The International Monetary Fund says European banks are highly vulnerable and need to raise their capital by €200bn. Many of the weakest are in Germany.