The money…

She is all gone, señor.

Let’s see what Ukraine’s biggest, not second biggest military donor does next year.

Germany plans to halve military aid for Ukraine – Germany is planning to nearly halve military aid for Ukraine next year, from around €8bn (£6.7bn; $8.7bn) to around €4bn, according to a draft budget approved by the government.

Finance Minister Christian Lindner said Ukraine’s financing was “secure for the foreseeable future” due to a G7 group of rich nations scheme to raise $50bn from interest on frozen Russian assets.

Germany is Ukraine’s second biggest military donor, after the US. In 2024, Berlin’s budget for Kyiv is set at nearly €7.5bn.

“Persistent weakness” sounds bad

But not as bad as “greatest real estate crisis since the financial crisis.”

The fun just never seems to end these days.

German bank alerts the market on exposure to commercial real estate – The troubles in the US commercial property market, which have already hit banks in New York and Japan, moved to Europe this week, elevating fears about broader contagion.

The latest victim was Germany’s Deutsche Pfandbriefbank AG, which saw its bonds slump on concern about its exposure to the sector. It responded by issuing an unscheduled statement Wednesday that it had increased provisions because of the “persistent weakness of the real estate markets.”

It described the current turmoil as the “greatest real estate crisis since the financial crisis.”

This Ought To Stop The Taliban

Why didn’t anybody think of this before?

Germany won’t give money to Afghanistan if Sharia law is introduced -foreign minister.

Germany will not provide any financial support to Afghanistan if the Taliban takes over power in the country and introduces Sharia law, its foreign minister told broadcaster ZDF on Thursday.

If that doesn’t strighten them up, the central European country is also considering holding its breath until it turns blue in the face.

Germany Tough Now On China?

Sure they are. And I’ve got some swamp land in Florida I can offer you for next to nothing.

China

The Germans are bought and they know it.

Merkel’s China Reset Is Mostly Hollow – As the engine of German export growth, the destination of $100 billion worth of German goods last year, and Germany’s biggest overall trading partner, China is not just a large and profitable market. Germans see China as the mechanism for sustaining the only prolonged era of domestic harmony their country has ever known.

When You Wash Money In Germany

You know it’s going to get washed properly. Germans have this squeaky-clean reputation to live up to, after all.

Wash

It’s the easiest place in Europe to do this kind of thing and everybody who’s anybody in the crime and terror world knows it. I’m sure that will soon change though. Not.

Germany sees record spike in money laundering cases – Germany’s Financial Intelligence Unit says suspected cases of money laundering and terrorist financing jumped by 50% in 2019. The real estate market is especially vulnerable when it comes to suspicious transactions.

“One problem for us is that the prosecution of money laundering in Germany isn’t traditionally well established.”

China Number One For Germany

And Taiwan is not even number wan. Nor is the regional flag of the Hong Kong Special Administrative Region, I suppose.

Taiwan

The German Foreign Ministry doesn’t want to possibly offend the Communist rulers in Beijing. This is why they must discriminate. One must discriminate to properly ingratiate.

Taiwan accuses Germany of discrimination after flag removal – The German Foreign Ministry has removed the Taiwanese flag from its website where it describes bilateral relations. Taiwan has expressed its displeasure, citing how other territorial flags remain.

“We have a one-China policy. We do not have diplomatic relations with?Taiwan and?Taiwan?is not a country we recognize.”

Zero-Sum Red Alert: Number Of German Millionaires Rising!

Germany is not only 1) a society based on envy, 2) Germans think that anyone else’s gain is automatically someone else’s loss and 3) they expect the wealthy to be punished for being wealthy. If they failed to be punished, then that would only encourage others to become wealthy too.

Money

World Wealth Report: Germany’s dollar millionaires on the rise – The number of Germany’s dollar millionaires rose by 100,000 in 2019, according to the World Wealth Report. The US had the biggest upturn, although the coronavirus crisis could change the upward trend.

PS: A new groundbreaking study published in the American Psychological Association Journal Emotion has just discovered that, on average, the more income someone makes, the happier they are.

German Of The Day: Corona-Rechnung

That means the Corona invoice or bill.

Bill

China has launched a furious war-of-words over a letter by German magazine Bild editor accusing China of being the cause of the Covid-19 outbreak and demanding massive reparations…

What China owes us,” a provocative article in German tabloid Bild published on 15 April, put a price tag of nearly €150 billion for damages inflicted on the country by Covid-19 pandemic.

The itemized “invoice” included €24 billion in lost tourism revenue from March to April, €7.2 billion in losses for the German film industry, €1 million per hour in costs for Lufthansa, and €50 billion in lost profits for German small businesses.

China responded in anger an open letter to Bild editor Julian Reichelt pointing out that China warned the world early of the dangers of the virus, while rejecting any obligation to pay damages. It also reproached Bild “nationalism, prejudice, and hostility against China.”

Was China uns jetzt schon schuldet.

Can You Tell The Difference?

Apparently in celebration of the recent trademarking of her name and the #FridaysForFuture movement, climate change activist Greta Thunberg has been turned into a wax statue in Germany.

Greta

No, not her personally. I mean she has been immortalized in sculpture at the Panoptikum wax museum in Hamburg. An interesting twist: Thunberg’s sculpture is reportedly the first in the museum that will change clothes as the seasons change. Kind of odd if you think about it, though. With the temperature rising due to climate change is this going to turn into some kind of bizarre striptease or something? And what about the issue of melting wax, huh? Has anybody given that any thought? Maybe it’s time to start a new movement to combat that. Do I have to think of everything here, people?

Greta 2

Can you tell which one up there is Greta and which one is made of wax? You don’t think both could be made of wax, do you?

What Does SPD Stand For?

Other than Social Democrat Party, I mean. Shekels, Payola and Dough?

SPD

Or is it more like Scratch, Plunder and Dinero?

When not fighting for the rights of the working class and alleviating the capitalist economic oppression of the masses, ex-vice chancellor and national chairmen of Germany’s Social Democrat Party Sigmar Gabriel enjoys doing part-time community service work serving on the supervisory board of the freakin’ Deutsche Bank.

It’s understandable. Sort of. He recognized there was a problem with Deutsche Bank years ago (he wasn’t the first, however) and now only wants to take this opportunity to help them clean things up.

“Deutsche Bank, as one of the most important financial institutions in Europe, has the opportunity and the responsibility to help shape the future of the German and European economy. I want to play a part in this.”