Germans Just Love The ECB’s New Bond-Buying Program

Not.

Which brings us to our next topic: The latest greatest German angst survey. A new study by R+V Versicherung (insurance) has just found out what Germans loved to be scared of most these days: The climbing cost of living (63 percent of those asked).

Außer den “Standard-Ängsten”, die die R+V Versicherung seit zwanzig Jahren bei 2500 Deutschen abfragt, stehen alljährlich auch aktuelle Themen zur Debatte.

Germans Finally Manage To Bring Muslims And Jews Together

To protest against restrictions on circumcision, that is. They’ll be getting together in Berlin to holler and shout and raise hell this Sunday, for instance. Warms your heart, don’t it?

When it comes to “flagrant interference” in religion, Germans may indeed have a long and proven track record and all, but as expected, they have clearly bitten off more than they can chew this time with their latest perfectly pointless and completely unnecessary stab at this ancient Jewish and Muslim practice.

They’re backpeddling as fast as they can, of course, but it’s too little too late and now everybody has hurt feelings and, well, that’s what you get for fixing things that ain’t broken.

“Gut gemeint ist leider nicht unbedingt gut gemacht.”

German Teflon

Or Berlin Teflon, if you prefer. Whatever you want to call it, it’s way more teflony or teflonodelic than other kinds of Teflon out there.

Just ask Berlin’s mayor Klaus Wowereit (SPD) after the opening of the city’s new airport has been postponed yet again (no joke) and now won’t be ready nearly two full years later than planned. It’s his baby, you see.

“Not to mince words, Klaus Wowereit can pack his bags as Berlin mayor. Anyone who recklessly gambles with the future of a whole region, wasting hundreds of millions of euros (…) and covers up instead of looking into mistakes is not qualified to be managing a metropolis. Wowereit is not the only one who has failed in relation to the BER project, but he is the main culprit. People are not going to forget that. No matter what he does, his time is up.”

But what do you think will happen, meine Damen und Herren? Not a damned thing. This is Germany. And worse still, some politicians are just never held accountable for what they do, no matter what what they do, or don’t. But not just here. I know of this one guy from another country, for instance (the president of the something or the other) who could get caught robbing a 7-Eleven at gunpoint and nobody would care. It just ain’t right, I tell ya. But it’s da way of da woild.

German commentators are outraged over the postponement, with one (the key word here is one) calling on Berlin Mayor Klaus Wowereit to resign.

German Wind Offensive More Offensive Than The Rest Of Us Thought It Was

Well that didn’t take very long. Now it’s “Germany’s offshore fiasco.”

Germany wants to pepper its northern seas with offshore wind turbines as part of its ambitious energy revolution. But strict laws, technology problems and multiple delays are turning the massive enterprise into an expensive fiasco. Investors and the public are losing patience.

The Latest Radical New Concept

After years of deliberation, the German Justice Department has finally decided to take a bold leap into uncharted legal waters and official declare that theft should be punishible. OK, in this case it’s “data theft.”

Wow. Talk about a great leap forward for German Gerechtigkeit (justice) or something. The background: Like junkies in need of their next fix, German tax officials (usually from SPD led state governments) have been regularly purchasing stolen goods in recent months; data CDs containing lists of German tax evaders with Swiss bank accounts. Needless to say, the SPD & Co. are unhappy about this rather belated juristic revelation.

Is this the beginning of the end of the means justifying the end? Or was it vice versa?

“Datendiebstahl soll strafbar sein.”

Buy Our Debt, Please

Angela Merkel just finished up another quick and dirty visit to China, this time to calm the Chinese down about the euro zone debt crisis and, well, to grovel for money. Neither aim was achieved just yet. But hey, you’ve got to be really patient with the Chinese, I’m told.

“The trip has a lot of ambitions: one, is to explain the euro zone debt crisis to the Chinese and two, convince the Chinese to keep supporting the euro zone and buying the bonds from some of the euro zone countries such as Italy and Spain and also Germany.”

And just in case you were wondering, no. She did not find the time to express German concern for human rights violations in China during this visit.

As Europe’s crisis persists, China increasingly sees Germany—its largest European trading partner—as a vital player in pulling the continent out of its slump, analysts say. Mr. Wen said his talks with Ms. Merkel Thursday have made him “more confident” in Europe’s ability to resolve the crisis.

Do you have that in brown?

“I didn’t know how much the name would disturb people.”

He added that to him Hitler was just the nickname given to his business partner’s grandfather, who was known for his “strict nature.”

Nicht zum ersten Mal gibt es in Indien Ärger um den Namen Hitler. Mal nannte ein Restaurantbetreiber sein neues Café “Hitler’s Cross”, mal nahm ein Händler eine Bettwäsche mit dem Namen “The Nazi Collection”, bedruckt mit Hakenkreuzen, ins Sortiment auf.

Grid Your Teeth

And just keep on paying. Or how about grid and bare it?

Germany’s power grid hasn’t kept up with the explosion of new alternative energy sources — particularly the offshore windparks being built in the Baltic Sea and the North Sea off the country’s north coast. Many of those projects are at a standstill, with no way to deliver the power they generate to the mainland.

On Wednesday Merkel’s cabinet hopes to agree on a stop-gap measure to compensate power companies for losses accrued as a result of the delays, but again it will be German consumers who will ultimately suffer.

“The primary reason for the problem lies in the ‘third path’ policymakers have chosen to lead us into the renewable future. There is neither a centrally planned economy to steer the energy system nor are the rules of the market economy allowed to regulate the system according to the laws of supply and demand. Instead, a model of ‘decentralized planned economy’ is being pursued. Municipalities, states, the federal government and the European Union are all creating plans independent of each other and of those affected. There is no coordination…. The result is a fair amount of chaos with policymakers struggling to keep up. Everyone is aware that the situation cannot continue if the renewable energy revolution is to be a success. As such, the question is whether we want to move from where we are today in the direction of a centrally planned economic model or rather in the direction of market economy principles.”

Going, Going…

Pirates!

This is what happens when you fail to deliver (even when nobody ever really knew what you were supposed to deliver in the first place). Hey, what goes around comes around. Or was it what comes around goes away? I, for one, thought they’d never be von gestern (yesterday’s news).

“Since the Pirates have been around, the optical decorum has lapsed, and it’s undignified.”