Is there really such a thing? Someone should inform the Biden administration immediately.
Germany’s federal government has reached the limit of its fiscal capacity, its finance minister said, with extra financing to cope with the coronavirus pandemic, the impact of the war in Ukraine and a climate fund having exhausted government coffers.
“There are no reserves in the 2022 federal budget,” Christian Lindner was quoted by news website t-online as saying on Saturday, Reuters reported.
He warned against granting further financial support before the autumn to citizens to offset the impact of rising inflation. “I advise letting the measures taken so far take effect,” he said.
These Germans. They’re all worried about some horrible war just a few miles down the road and ever-growing inflation that looks as though it might be spiralling out of control.
They should worry about real problems, like they used to. You know, like their plans for this year’s third vacation, their next second car, finally starting that diet, which weekend demonstration to take part in, etc.
Germans worry about war and inflation – The German government is supporting Ukraine, battling inflation, and combatting climate change. A monthly survey has asked voters how they rate the efforts.
The war is driving up energy prices, but food prices have also risen significantly. Almost half of all respondents said they already have to cut back significantly because of this. Among low-income earners, 77% say they are beginning to struggle…
What a steal. From the taxpayers, as usual. But still.
Germany offers €9-a-month public transport ticket – Cut-price deal allows nationwide travel as Berlin acts to soften the impact of rising inflation and expensive fuel.
The €9 ticket opens up the entirety of Germany to many who couldn’t otherwise afford it. It’s now so easy to scramble up the Harz mountains, stroll through “Frau Holle Land” and drink a few beers on the Ruhr. You could even reenact Inglourius Basterds in the Elbe Sandstone Mountains or find out why Tom Hanks fell in love with Eisenhüttenstadt for yourself.
Thanks for the warning, German central bank, one of the main culprits behind the problem you’re warning about.
Germans are suffering large cuts in real pay, Bundesbank report says – Workers in Germany are experiencing large cuts in their purchasing power as modest pay rises fail to keep up with record-high inflation, the country’s central bank said in a report on Monday.
It’s an age-old dirty trick. The EU, the central banks and the German government itself are pursuing policies that magically generate more tax revenue without openly raising taxes. If prices go up 10%, say, the tax receipts increase 10% too. Inflation also reduces government debt (if they borrowed 1000 but only have to pay back 900 in real terms). But thanks for the warning. That’s very considerate of you.
Faces plagued by real problems, for a change. Problems like finding new sources of energy that will keep your homes heated and your economy running (and breaking free from your dependency on Russian energy = 50%), skyrocketing inflation, dire economic forecasts and that little war thing going on in Ukraine just a few miles down the road, for instance. COVID-19? What’s COVID-19?
Starting Friday, a number of rules and restrictions went away in much of Germany. That means no more masks in most shops, and no more proof of vaccination or day-of test in restaurants. Though some public transportation systems, individual businesses and institutions will keep mask requirements in place, the move to drop the majority of mandates tracks with many of Germany’s neighbors.
Germany “will be poorer” because of Russia’s assault on Ukraine, the government’s economy minister has warned, as soaring energy prices fuel record inflation and threaten to tip Europe’s biggest economy into a recession.
“It is not possible that this ends without costs for German society, it is unthinkable,” Robert Habeck told public broadcaster ZDF on Wednesday. “I believe that we are ready to pay this price which is small enough compared to the sufferings in Ukraine.”
Otherwise, though, things are looking up in Germany.
Germany inflation hits 30-year high at 7.3%, growth outlook dims – Inflation in Germany jumped to a record high since reunification in 1990. Growth expectations have been slashed amid fears the Ukraine conflict will hit Europe’s biggest economy hard.
No. Not those kind of tanks. Like tanks of gas. Germans will soon only have to pay an arm for their gasoline. They can keep their legs. For now.
German finance minister plans gasoline discount – German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with doaring prices, Bild daily reported on Sunday.
Always look on the bright side of Russian invasions – of one of the world’s top wheat exporters.
Germany to host G7 meeting on Ukraine invasion’s impact on food security – Germany will host a virtual meeting of agricultural ministers from G7 countries on Friday to discuss the impact of Russia’s invasion of Ukraine on global food security and how to best stabilize food markets, the government said.
“The provision of foodstuffs in Germany and the European Union is safe but greater shortages can be expected in some countries outside the EU – especially where scarcity already reigns today due to issues like drought,” German Agriculture Minister Cem Oezdemir said in statement.
“Price hikes for agricultural products cannot be excluded in industrialized nations either.”