The Regulator Failed?

Well, then let’s give the regulator more money and personnel.

Wirecard

To ensure that they keep on failing in the future? Government in action, folks. If it’s not too big to fail it’s too much of a failure to fail, I guess.

Germany to overhaul regulator after Wirecard scandal – Germany’s finance minister wants to beef up the nation’s financial regulator in the wake of the Wirecard scandal. The finance watchdog admitted its ineffectiveness in preventing the auditing disaster.

“If we come to the conclusion that BaFin needs more money, more jobs and more competency, I will make every effort to ensure that this happens.”

Less Choice Is Always Germany’s First Choice

You can’t just go giving people the freedom to choose. Look at this Brexit mess, for example.

Uber

And this applies all the more when it comes to new business models in Germany. Especially if they come from US-Amerika. Then you would have Amerikanische Verhältnisse here in no time. And we certainly don’t want that. Once you start allowing customers to decide for themselves what services they prefer to use it’ll be Brexit all over again. Business Brexit. At least for the old overpriced, highly protected and monopolized business models so popular here in Germany, I mean.

Uber Hit With Fresh German Ban – After its core service was banned in 2015, Uber had begun offering rides through car-for-hire services

A regional court in Germany frustrated Uber Technologies Inc. UBER’s efforts to mount a comeback in the country, adding to regulatory pressure on the ride-hailing company, particularly in Europe.

Thursday’s ruling by a regional court in Frankfurt marks a fresh setback for the San Francisco-based transportation company, which is trying to repair its reputation among regulators after expanding rapidly and challenging local transport laws where it operated.

Among the countries that have been the most resistant to Uber is Germany, where the company had been experimenting with ways to overcome a nationwide ban imposed in 2015.

What’s The Password?

To get your password? And where’s your passport? How do we know you’re you?

Password

German University Forced to Hand Out 38,000 Passwords in Person – Password resets are usually pretty straightforward. But a university in Germany is requiring every student to line up and personally pick up their passwords for the school’s email system following a malware attack.

The University of Giessen is making the odd request because the school is a member of a German research network with strict rules. As a result, the university must follow legal requirements that ensure the new passwords are handed to the real owner, and not someone else, it explained in a notice.

“There is no alternative to this procedure.”

Turn, Turn, Turn

Wind turbines turn. But for how much longer?

Wnd

To everything turn, turn, turn
There is a season turn, turn, turn
A time to buid up
A time to break down…

Germany’s wind power industry could shed about 40% of its jobs because of sliding interest among investors to build turbines on land, threatening a key driver of the nation’s ambitious clean energy targets.

Environmental rules are snagging license approval for scores of onshore projects, causing delays of as long as two years, according to a report by Psephos GmbH for Germany’s VDMA machine makers lobby group. As developers and investors shy away from auctions and wading through the thicket of red tape, construction of new parks is grinding to a halt and putting jobs in jeopardy.

Deutschland ist weltweit Vorreiter bei der Energiewende – dem Umstieg auf erneuerbare Energien. Doch ausgerechnet im wichtigsten Erneuerbaren-Bereich im deutschen Markt gibt es große Probleme.

The Perfect Choice

This woman  has been in charge of the German Bundeswehr for what feels like decades and has accomplished absolutely nothing other than to stumble from one self-inflicted scandal to the other without ever having to face the consequences because, being one of Angela Merkel’s top girls (and therefore being more equal than the other girls), she is simply too good and too big to fail.

Leyen

That is why she is the ideal choice to head the European Commission. Un-freakin’-believable.

Germany’s Ursula von der Leyen nominated to lead EU Commission – EU leaders have put forward their nominations for the bloc’s top jobs, with a woman for the first time proposed as European Commission chief.

The surprise choice of German Defence Minister Ursula von der Leyen to replace Jean-Claude Juncker came after the main front-runners were rejected.

“Von der Leyen is a very good candidate and a very good choice to head the European Commission. Her capacities and competences totally qualified her.”

German Of The Day: Richtig Angepisst

That means really pissed off. A lot of Berliners and candy bomber pilots certainly are.

Bomber

Go Berlin! I mean, go Berlin’s SPD – Green – Left Party government!

About twenty so-called candy bombers flew over Berlin yesterday in celebration of the 70th Anniversary of the Berlin Airlift. They had to. The city of Berlin refused to permit the pilots of these historic c-47 (DC-3) aircraft to either land or throw down candy from above.

That’s the spirit or something. I think this guy summed it up nicely: Candy bombers supplied West Berlin in 1948-1949. The socialists tried starving Berlin back then. Today, the socialists run the government in Berlin and refuse to allow the candy bombers transit over restricted areas and won’t even allow these heroes to land. A disgrace for Germany.

Ein Sprecher des Berliner Bürgermeisters äußerte sich gegenüber der “Bild”-Zeitung zu den Vorwürfen: Man habe trotz verlängerter Fristen nicht alle nötigen Unterlagen erhalten.

European Data Security Just Got More Secure

So secure that not even your mailman, friends or family will be able to find you anymore.

Datenschutz

Europeans want secure data. So you can imagine how thrilled everybody is about this latest development.

The city of Vienna has determined that name tags in apartment houses are a violation of the EU’s GDPR (General Data Protection Regulation). After a renter complained about the lack of proper data security, some 220,000 renters will lose the name tags next to their doorbells.

In Wien verlieren etwa 220.000 Mieterinnen und Mieter die Namensschilder an ihren Türklingeln, weil ein Bewohner sich über mangelnden Datenschutz beklagt hatte.

Good Deportees Are Hard To Find In Germany These Days

In fact, any kind of deportees are hard to find in Germany these days.

Deportees

But at least we know that they are here in Germany, authorities assure the worried public. What other country would put up with this madness?

A German federal police report says that deportation orders were up 17 percent, but that actual deportations were down 4 percent. Meanwhile, the labor minister argues that some of those being deported shouldn’t be.

More than half of the ordered migrant deportations failed to be carried out through May, in almost all cases because the individual could not be located, a German newspaper reported on Sunday.

Through the first five months of the year nearly 24,000 people were ordered to be returned to their home country but only about 11,000 deportations were completed, according to an internal report by the federal police that was first reported by the Welt am Sonntag.

“How we deal with the migration issue will determine whether Europe will last.”

When Had We Left The Jungle?

I wasn’t aware that we had.

Jungle

WTO Faces Existential Threat in Times of Trump -U.S. President Donald Trump has set his sights squarely on the World Trade Organization in Geneva. Even its critics are worried that without the organization, the world of trade would revert to the law of the jungle.

The U.S. and other industrialized nations made several concessions to developing economies when the WTO was founded in 1995 and significantly reduced their tariffs. In return, they were able to push through stronger protections for intellectual property. They hoped that the strategy would help slow China’s rise.

But from the U.S. perspective, the system has not been beneficial. And once China joined the WTO in 2001, that dissatisfaction only grew, partly because the Chinese proved adept at taking advantage of the rules. Even today, there is significant dissent within the WTO because the economic superpower China is still classified as a “developing nation” by the organization, which gives it certain privileges. On the other hand, China is fighting for recognition as a market economy, to which both the U.S. and the European Union are opposed because it would mean they could no longer defend themselves against state-subsidized Chinese exports with anti-dumping duties.

On top of all that, the WTO is facing a more fundamental problem: its size and its sluggishness. Negotiating rounds focused on removing tariffs have become increasingly complex. And because everything is up for negotiation at the same time, every member state can paralyze the process by simply exercising its veto. The Doha Round, launched in 2001, is a perfect example: It never achieved any results and has become symbolic of the WTO’s failure.

“The problems are coming from the behavior of a single country that would like to return to the jungle.”

We Can Do It

Sure we can. As in you can. At least that’s what she said. But she never said how long it would take.

Wir schaffen das“: we can do it. That was German Chancellor Angela Merkel’s mantra three years ago, when Germany welcomed more than a million asylum seekers. This week, she was forced to find a compromise that included strengthening borders and promising to send migrants back. Hundreds of thousands of cases are currently before the courts. At one Berlin courthouse, two-thirds of procedures involve asylum seekers and the workload has increased significantly. Our correspondents report.

Wir schaffen das.

It’s not like you have any choice. Nobody gave you one.