German of the day: Insolvenz

That means insolvency. As in bankrupt.

As in Germany’s current coalition government under Friedrich Merz.

“Hardly any of the urgently needed structural reforms that were announced have been implemented. There is no overall plan for concrete reforms to promote growth and competitiveness. Germany’s position as a center of industry is under existential threat.”

Other than that though, the current German government is doing a great job.

Who’s your nanny?

A spoonful of sugar helps the government interference go down.

But we’re going to tax it anyway.

Germany’s sugar tax sparks ‘nanny state’ debate – Friedrich Merz’s government has agreed to introduce a sugar levy on soft drinks as part of its health care reforms. Critics have called it disproportionate interference, but dozens of countries already have such a levy.

The German government’s decision to introduce a levy on sugary drinks as part of its health care reform package has triggered a new debate on government interference in diets.

German of the day: Kleinvieh macht auch Mist

That means small livestock also makes manure. And that means…

Many pennies make a dollar.

Parking meter heist: German worker accused of stealing €2M – German authorities charged two couples in separate cases: in Bavaria, a former municipal worker allegedly stole about €2 million from parking meters over the years; in Berlin, another couple is accused of stealing bronze statues and religious items from cemeteries and parks.

Growth driver now just backseat driver…

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.”

German of the day: Herbst der Reformen

That means the autumn of reform.

It’s similar to the German spring, summer and winter of reform, only here nothing gets reformed in autumn.

Germany’s Merz faces trouble over ‘autumn of reform’ – Friedrich Merz has decided that the autumn must be the season for tackling Germany’s urgent domestic problems, but that means conflict with his center-left coalition partners.

Chancellor Friedrich Merz’s “autumn of reform” could turn into a season of coalition strife as he plows ahead with his ambitious plan to reform Germany’s welfare state, while bringing in tax reforms to boost the economy.

The challenges are significant: The German economy now faces a third year without GDP growth, the welfare state and pension system are failing to keep up with demographic challenges, and the federal budget has a hole of some €172 billion ($200 billion) for 2027 to 2029.

German of the day: Schattenwirtschaft

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?

Cut wasteful funding?

What an original idea.

They should start doing that in US-Amerika too.

Germany updates: Berlin to end migrant rescue NGO funding – The German Foreign Ministry said it would no longer fund NGOs rescuing migrants in distress at sea. Meanwhile, police launched a nationwide operation targeting people suspected of inciting hate online.

Is that from the same guy who wrote “Fear and Loathing in Las Vegas?”

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.

Provide affordable housing for ordinary Germans?

That ought to be easy enough.

I mean, how many ordinary Germans can there be?

Chancellor Merz pledges affordable housing for ordinary Germans – German Chancellor Friedrich Merz said on Wednesday that the government wants to do more to make housing affordable for ordinary people again.

“Anyone earning a normal income in Germany should be able to buy a normal home,” Merz said at the Construction Industry Conference in Berlin.

“We are determined to … get things moving so that building in Germany becomes faster, easier and cheaper, enabling the average family in Germany to afford their own home as a rule,” Merz asserted.