German Of The Day: Tiefer Fall

That means a steep fall. Very steep in this case. Really, really, really steep already.

Fall

You would have to back in history some ninety years to find a comparable peacetime decline in German economic activity.

But why would anybody want to do that?

Germany’s Economic Slump Shows Scale of Europe’s Challenge – The 10.1% drop in output in the region’s largest economy is a harbinger of worse figures elsewhere. Spain, France and Italy will probably report even deeper contractions on Friday, reflecting a recession that prompted an unprecedented policy response from governments.

Man wird in der Geschichte bis zur Weltwirtschaftskrise vor rund neunzig Jahren zurückgehen müssen, um in Friedenszeiten einen vergleichbaren Sturz der wirtschaftlichen Tätigkeit in Deutschland zu entdecken.

That’s Not What Angie Led The Germans To Believe

Angela Merkel’s European border opening festival of love back in 2015 was just a temporary, humanitarian, emergency-type measure, Germans were told. All of those Syrian refugee doctors, lawyers, engineers etc. streaming into Germany (the minority of the refugees who came to Germany actually came from Syria, by the way) would be going back to Syria just as soon as they were able.

Well, who would have expected this? It turned out differently than she said. It’s almost as if she wasn’t telling the truth or something.

Syrians

A large portion of the hundreds of thousands of Syrian refugees who arrived in Germany in 2015 are planning to stay in the country for good.

Syrians now represent the largest Muslim minority in Germany after Turks. Since 2010, their numbers in the country have risen from around 30,000 to almost 800,000. Most arrived as refugees after the outbreak of the civil war, and they are reshaping the country, much like Turkish migrants did for decades.

Between 2015 and 2018, Syrian women in Germany gave birth to over 65,000 babies. But the Syrian community will continue to grow in the country for other reasons as well. In the past year, around 40,000 Syrians applied for asylum, a small number compared to 2015, when the large wave of refugees came to Germany.

“We Muslims are a part of this society. It is becoming more and more normal. But for that, we have to become more visible.”

Gazprom Gerd For Painful Counter-Reactions

He didn’t say who these counter-reactions were going to be most painful too, however.

Gerd

Nord Stream 2, folks. It’s getting ugly. The ex-chancellor’s reaction is quite understandable, however. Considering who he works for.

German government officials, MPs and experts have criticised U.S. plans to tighten sanctions on the contentious natural gas pipeline project Nord Stream 2 (NS2) currently under construction in the Baltic Sea as an encroachment on EU sovereignty in a parliamentary hearing. Former German chancellor Gerhard Schröder, who has close ties to the Russian government and chairs Nord Stream 2’s board of directors, said there is no doubt that the U.S. attempt to “dictate the sovereign community of states such as the EU what to do” must be rejected. He said that diplomatic possibilities must be exploited, “but this will not work without counter sanctions”, without giving details. Schröder said natural gas would be needed as a bridging technology in Germany’s energy system for a very long time.

But the former chancellor’s comments were met with criticism. His presence as a “badly informed Russian gas lobbyist is a disgrace for the highest government office”, said Alexander Reitzenstein, senior policy advisor at think tank E3G.

Good Luck With That, Germany

You’re going to need it.

Germany

Germany seeks reform of EU asylum – When Germany takes over the rotating EU presidency, it will seek to tackle the long-stalled reform of EU asylum rules. The pressure to act is almost as great as the resistance to reform ideas.

Germany wants a fairer spread of asylum seekers across all EU members.

Isn’t It The Other Way Around?

Isn’t Europe doomed to be led by Germany?

Germany

Germany is doomed to lead Europe – The EU’s biggest member is in charge, whether Germans like it or not.

Walk into any meeting in Brussels and, most likely, a German will be leading it. In the European Commission, Ursula von der Leyen, the former German defence minister, is in charge. For the next six months, German ministers will be cajoling their peers into signing off legislation as the country takes over the EU’s rotating presidency. In the European Council, where the bloc’s leaders butt heads, it might technically be Charles Michel, the former prime minister of Belgium, heading it. But it is Angela Merkel—longer in post than the leaders of France, Spain, Italy and Poland combined—who is the undisputed top dog. The EU’s main response to the covid-19 crisis—a flagship €750bn recovery fund paid for with debt issued collectively by the EU—is based on a plan cooked up in Berlin and Paris. The Germans are running the show.

How did Henry Kissinger put it? “Poor old Germany. Too big for Europe, too small for the world.”

PS: German oddity 5. Young adults in Germany have never known another chancellor other than Angela Merkel. She has been in office since 2005.

“Collective Response?”

Most likely, if it’s directed against US-Amerika everybody jumps on board.

Germany

Germany Weighs Measures Against U.S. Over Nord Stream Threat – The 1,200-kilometer (745 mile) pipeline under the Baltic Sea, designed to pump Russian gas directly to Germany, has triggered deep division between EU member states. But the prospect of a direct U.S. intervention in the 27-member bloc’s energy interests should prompt a collective response, said the officials, who asked not to be identified.

“The government is called upon to develop and put forward proposals for a measured, clear reaction on behalf of Germany and the European Union.”

This Is The Real Problem

Not Donald Trump withdrawing American troops.

Germany

The Germans want a free ride and they’re offended at having finally been caught.

The Sorry State of Germany’s Armed Forces – Trump’s calls to withdraw U.S. troops from the country are impulsive, but Germany isn’t blameless.

The German armed forces are in a sorry state, and that’s not because Germany, more important to NATO’s efficacy as a collective defense pact than any other European member state, lacks the means to fix this problem. It does not.

Germany’s gross domestic product, valued at $4 trillion, ranks fourth in the world and first in Europe. The country is also Europe’s technological powerhouse. Indeed, in 2018, the World Economic Forum hailed it as the world’s leader in technological innovation.

And yet the German military remains riddled with problems. A damning 2019 report (available in an English-language summary) issued by the Bundestag’s then commissioner for the armed forces, Hans-Peter Bartels, summed up the problem.

PS: Please note here that the woman who ran the Bundeswehr for years and years and proved to be unable to fix it is now the woman EU technocrats (voters weren’t asked) have chosen to fix Europe.

What’s An Increase Of 42% Among Friends?

Somebody just slammed Germany in the face with a brick. I mean a Brexit.

EU

Germany to contribute 42% more to EU budget: report – The European Commission would like to see €13 billion more per year from Europe’s largest economy. EU leaders, including Angela Merkel, are meeting Friday to discuss the bloc’s future budget.

Germany currently contributes an average of €31 billion a year to the EU budget. The proposal for the new budget would raise that contribution to €44 billion — an increase of 42%.

Ha, Ha, Ha

A new slogan will make “Europe strong again?” Gemeinsam. Europa wieder stark machen.

Europe

Back off, Trump. Germany wants to Make Europe Strong Again. Berlin’s EU presidency motto has echoes of MAGA.

Slogans, as we all know, are merely slogans. The track record here is what you have to go by and it ain’t pretty. The Eurozone hasn’t even begun to deal with Brexit while Angela Merkel signals submission to France to accept a Schuldenunion (a debt union – paying the debt for Southern European countries – yes, they have a North and a South problem here too) when all of a sudden this little thing we call Corona has prompted Brussels to suggest an $826 billion economic stimulus plan (even more debt)  for a “union” of countries that can’t even protect their borders and that only appears to be unified when it comes to supporting  anything that weakens the United States (see China) and on and on we go but together they will make Europe strong. Again. Again?

Make Europe Strong Again. MESA? All I see is a MESA problems that nobody is prepared to fix.

Austria Doing Germany’s Job Again

Frugality? Refusing to pay other countries’ debts? That was “old Germany.”

Austria

Now the Germans need a country like Austria to take care of the problem for them – just like the Austrians took care of Merkel’s migrant madness by closing their borders way back when.

‘Frugal four’ nations counter Franco-German EU initiative – Four EU countries have teamed up, rejecting Macron and Merkel’s persistent lobbying for a €500 billion rescue fund. Instead, they have their own scheme on how to save Europe from economic fallout amid the pandemic…

The four countries also indicated that they will neither agree to a mutualization of debt nor an increase in the EU budget. Their draft proposal was seen by the German Press Agency (DPA) on Saturday.

“Our objective is to provide temporary, dedicated funding through the EU budgetû and to offer favorable loans to those who have been most severely affected by the crisis.”