“It’s about the sausage” or “it’s down to the sausage” means it’s now or never.
Germany’s economy is so bad even sausage factories are closing – High costs and stagnant spending are putting businesses through the meat grinder.
That means bankruptcy.
German business bankruptcies hit decade high amid downturn – Business bankruptcies have climbed to an 11-year high, with small firms hardest hit by Germany’s anemic growth. Economists warn of job losses but see tentative signs that the insolvency wave may be leveling off.
Don’t worry, in other words. Once everybody has gone bankrupt the bankruptcies will stop.
And become less dependent on the United States.
Germany’s Merz: Europe must become less dependent on United States – German Chancellor Friedrich Merz on Tuesday rejected a blistering attack on European democracies by the Trump administration, which issued a strategy paper last week declaring that the continent faced “civilizational erasure.”
The U.S. National Security Strategy, made public last week, caused shock across Europe, with a broadside that accused European governments of “subversion of democratic processes” and said U.S. policy should include “cultivating resistance” within the European Union.
That means free fall.
The Federation of German Industries (BDI) believes that Germany’s economy is in “free fall.” German industry is currently facing a dramatic low point, BDI President Peter Leibinger told the news agency dpa. “The economy is in its worst crisis since the Federal Republic was founded, but the federal government is not responding decisively enough.”
A new industry report expects industrial production to decline by two percent this year. This would be the fourth consecutive year of decline. “This is not a temporary dip, but a structural decline,” Leibinger said. German industry is continuously losing ground.
Despite economic clouds?
Depends on who you ask. And how you look at it. My experience has been that Germans are the happiest when they’re the gloomiest.
Germans Feel a Little Less Gloomy Despite Economic Clouds – The pickup in consumer mood contrasts with a worsening outlook among German business.
Who doesn’t know what he’s driving at.
Germany was billed as Europe’s growth driver. Now economists are saying: Not so fast – Huge investment pledges and major fiscal changes had bolstered hopes that Germany could give the euro zone economy a much-needed boost, but economists are starting to question if — and when — that will happen.
“The actual spending is slower than many of the more excitable pundits had expected. In Germany, it takes time to spend money.”
Off the list, I mean.
China bumps Germany off the top 10 list of most innovative nations – China moved into the top 10 of the United Nations’ annual ranking of most innovative countries for the first time Tuesday, replacing Europe’s largest economy, Germany, as firms in Beijing invest heavily in research and development.
This is Germany, after all.
It’s all about attitude, people.
Germany updates: Economy shrinks more than expected – Europe’s largest economy has shrunk, with industrial production and construction weaker than first thought. Meanwhile, Berlin is being urged to recognize a Palestinian state.
That means shadow or underground economy.
It’s a Volkssport (national pastime) here. Over-taxed Germans get even with the government any and every chance they get. See Schwarzarbeit.
German shadow economy booms amid high taxes and state aid – While Germany’s economy falters, the country is experiencing a rise in undeclared work. What role do taxes and generous state aid for the poor play in the surge?
“Debt and precarious stagnation in the EU and Germany” sounds like a good read too.
Europe faces mounting fiscal strain as Germany pivots toward debt-financed spending to maintain political support…
The public has now lost faith in traditional muddling through and demands drastic changes.
This report focuses on Europe, where the economic situation has worsened considerably in recent years. Several countries on the old continent have become more vulnerable to shocks, and imbalances have piled up. Moreover, leaders have demonstrated an inability or unwillingness to address structural problems, yet they are all too eager to haughtily break their electoral promises, swim with the tide and gather consensus through frantic lawmaking in the name of emergencies, fairness and social justice.
Observing Hermann 