We only create the inflation. We’re clueless when it comes to knowing how to stop it.
Anybody out there have any ideas?
German government tasks experts with proposing inflation-busting ideas – he German government will establish a committee of experts and task them with coming up with policy proposals to combat the soaring cost of heating and gas, Chancellor Olaf Scholz said on Thursday.
German government policy has led to the cold (the energy “turnaround,” dependency on Russian gas, etc.) and the German people have been left out in the cold (inflation).
Germans revive Cold War Monday demonstrations amid inflation – Protesters from Germany’s left and the right have called for regular Monday protests against the rising cost of living. These evoke the peaceful revolution in East Germany but also of recent anti-immigrant rallies.
Parties on both the left and right of the political spectrum in Germany have announced a “hot autumn” with regular Monday demonstrations.
Otherwise they would have to pay for it themselves.
Energy crisis: Germans call for help from the government – People in Germany are beginning to feel the pinch, in the face of skyrocketing electricity, fuel, and food prices. As inflation rises, concern is mounting — and so is dissatisfaction with the government.
We’re from the government and we’re here to help. Again. Resistance is futile. No force in the universe can stop us from helping you so shut up and let us help you already.
Germany’s latest consumer tax (they keep coming in hot and heavy) was meant to help offset soaring gas prices by helping energy companies in need. A questionable enough undertaking already, I’d say. But now it turns out that billions of these tax euros will be flowing to companies that are not only not in need, they’re making record profits.
We were glad to help. You can thank us later.
That means immeasurable. You know, like die Preise steigen ins Unermessliche. Prices are going through the roof.
German Power Price Soars, Hitting 700 Euros for First Time Ever – Europe’s benchmark electricity price jumped more than 25% on Monday to pass 700 euros per megawatt-hour for the first time. The level is about 14 times the seasonal average over the past five years.
European gas and power prices surged as panic over Russian supplies gripped markets and politicians warned citizens to brace for a tough winter ahead.
Benchmark gas settled at a record high, while German power surged to above 700 euros ($696) a megawatt-hour for the first time. Russia said it will stop its key Nord Stream gas pipeline for three days of repairs on Aug. 31, again raising concerns it won’t return after the work. Europe has been on tenterhooks about shipments through the link for weeks, with flows resuming only at very low levels after it was shut for works last month.
“The catastrophe is already there.”
That means to put under pressure, or to feel the squeeze.
Germans feeling the squeeze over surging food, energy prices – Middle- and low-income families say they’re struggling to make ends meet amid high inflation, soaring energy bills.
Inflation has soared in recent months, hitting 7.5% in June, and according to the latest German central bank estimate, it is likely to rise further this fall, reaching double digits.
That means existential threat. Like: “The existence of many companies is being threatened by the increased prices.”
German companies are supposed to save gas. But the switch to oil, for example, is being held back by bureaucracy and legal uncertainty.
The German government is calling for gas savings, with the Federal Minister of Economics leading the way – and yet, from the point of view of companies, the government is preventing exactly what it is calling for. Several associations say that it is very difficult for companies to obtain approval for retrofits.
That means deceptive packaging (smaller amounts of a product for the same price). Or shrinkflation, if you prefer.
Forget Inflation. Shrinkflation Is Sparking Fury in Germany – German shoppers are getting increasingly angry at attempts to hike goods prices by stealth.
While so-called shrinkflation — where the cost of a product stays the same though its size declines — isn’t a new phenomenon, consumer-protection authorities in Europe’s top economy are being inundated by complaints.
That means weak link. I could also mean limp member, but let’s not go there.
Weak. You know. Like the German economy?
From Europe’s powerhouse to its weak link: Germany’s economy stutters – Economic model that depends on exports has been hit by a series of external shocks.
Germany is experiencing a squall of shocks that are darkening its economic outlook. Along with soaring inflation, persistent supply chain problems and weaker global demand are weighing heavily on its industrial sector.
“What’s most worrying is just how broad-based the weakness in the economy is,” said Clemens Fuest, head of the Ifo Institute, a think-tank. In previous downturns, services suffered but industry recovered, and vice versa. “But now we’re seeing weakness across the board.”
In Germany? Uh, the same Germany in which the Germans always do precisely whatever the Media Brain Police tell them to do?
Germany braces for social unrest over energy prices – German officials have expressed fears that a worst-case winter of energy problems could prompt an extremist backlash. How bad things get may depend on how well they manage the crisis – in policy and perception.
Observing Hermann 