I’m sure Mr. Erdogan had no idea and will now be recalling his troops ASAP.
Germany’s Maas says Turkey ‘invasion’ illegitimate under international law – German Foreign Minister Heiko Maas has described Turkey’s offensive against Syrian Kurds as an “invasion” and said Berlin saw it as illegitimate. The EU may yet impose economic sanctions on Turkey, Maas said.
“We have been very clear that we are keeping other measures open — and they might also include economic sanctions.”
German arms exports to Turkey at highest level since 2005 – Last year, Turkey was the No. 1 importer of German weapons by far, with contracts amounting to €242.8 million. Despite a halt in some deliveries, it is on track to claim that title again in 2019.
Go figure. It’s pronounced “eagle sex” but it means hedgehog sex.
Germans kept up at night by noisy igelsex (that’s hedgehog coupling) – Police called out to reports of nocturnal disturbances find hedgehogs ‘having fun.’
I don’t buy it, though. I think these Germans were kept up at night, tossing and turning, worrying about the German economy.
“Germany’s economy is highly dependent on exports, and that’s what’s hitting the German economy now. If the trade conflicts persist for many more years, this will hit Germany very hard.”
German auto sector could drop as much as 12% if Trump announces tariffs, analyst says.
Gee, I wonder if there is anything the Germans/Europeans could do to prevent that from happening? I dunno. How about like maybe lowering their tariffs? Just thinking out loud here, people.
Germany’s automotive sector could fall as much as 12% over “three bad trading days,” if President Donald Trump imposes tariffs on European car manufacturers, one analyst told CNBC.
Trump has until Friday midnight (Washington time) to decide whether to impose duties on car imports. This would likely hurt Germany, the EU’s traditional growth engine, given that it is one of the largest direct car exporters to the U.S.
“If indeed we get U.S. car tariffs on imports from the euro zone — not just their announcement, you could forget our economic forecasts completely. No chance of a sustained pick-up in activity throughout the second half as we expect.”
A trade war between the United States and Europe is coming and the fallout could tip Germany into recession, according to analysts at German lender Commerzbank…
Official German statistics supplemented by the bank’s own research show that in 2018, the United States was the top export destination for German cars, accounting for about 12% of the total with a value of 27 billion euros of parts or finished vehicles.
The bank estimated that a Trump-ordered tariff increase of 25 percentage points on EU auto imports would slash that figure for Germany down to around 14 billion euros per annum.
When factoring in how much of that export figure is actual German “added value,” the bank estimated that total economic output for the country could fall by around 0.25 percentage points.
“All the more dangerous in a situation where the German economy is only just managing to avoid a recession,” it read.
That means uncertainty. You know, like economic uncertainty?
German exports fell by 1.3% in February compared with the month before, the Federal Statistics Office said on Monday. The figure represents the biggest drop in export revenue for a year…
Economists say that uncertainties surrounding Britain’s exit from the EU, the ongoing trade dispute between the US and China as well as weakening demand for industrial products are weighing on economies across the world.
“Die Ungewissheit aufgrund der vielen ungelösten Konflikte schlägt sich in den Auftragsbüchern nieder.”
On the one hand, I could screw it up with this side. On the other hand, I could screw this up over here first. Decisions, decisions…
The global order that underpins German prosperity is unraveling, and Angela Merkel doesn’t know what to do. President Donald Trump’s America First policy is forcing Germany to make an impossible choice between the U.S. and China — pitting the force behind the country’s modern economic success against the key to its future growth…
For decades, the country profited from an international trading system run by the West and backed up by the military might of the U.S. The government just got out of the way and watched exports roll. Those days are over…
“Germany is caught up in a dilemma of changing trade patterns and doesn’t know how to react.”
Trump hin oder her – die USA bleiben Deutschlands wichtigster Absatzmarkt.
How can the world’s fourth largest exporter of arms (don’t worry, they’ll be back up at third place again in no time) have “issues with readiness of submarines, aircraft” for its own army? Year in and year out, I mean. One could almost think it’s intentional.
The readiness of Germany’s weapons systems stood at about 70 percent in 2018 overall, but its submarines, heavy-lift helicopters and Tornado fighter jets faced continued challenges, the German Defence Ministry told lawmakers on Monday.
Germany is the fourth largest arms exporter in the world, according to a report released by the Stockholm Peace Research Institute on Monday.
OK, in this case beautiful German judicial deal of the week.
Because somebody has to admire them.
Three former executives at German gun-maker Sig Sauer, including one who became CEO of a sister company in the United States, reached a deal with prosecutors over allegations they illegally exported arms to Colombia and likely won’t go to prison, a court official in Germany said Wednesday.
Beautiful German weapon sale of the week – this time with extra added suspended jail terms!
Because somebody has to admire them.
A German court has handed suspended jail terms to two ex-employees of gun maker Heckler & Koch and fined the firm €3.7m (£3.2m) for illegal arms deliveries to Mexico.
The Stuttgart court acquitted three other H&K ex-employees.
H&K was found to have breached German arms export rules by shipping nearly 5,000 G36 assault rifles and smaller firearms to strife-torn regions.
Mexico is plagued by warfare involving drug gangs and paramilitaries.
Heckler & Koch muss wegen Ausfuhren von Gewehren nach Mexiko mehrere Millionen Euro Strafe bezahlen. Zudem wurden zwei Ex-Angestellte zu Bewährungsstrafen verurteilt.
