German Of The Day: Exportüberschuss

That means export or trade surplus. In this case the German trade surplus, of course.

Export

Also see: Böse Buben. That means bad boys.

Christine Lagarde (IMF) and Donald Trump may not have much in common at first glance but one thing they seem to agree upon is Germany’s trade surplus. That is, Germany exports more to, say, the USA than it imports from that country (same procedure with practically every other country Germany deals with, too). And it’s been like forever already.

So Germany, just in case you didn’t know it, you’re being a very bad boy.

Deutschland wird zum bösen Buben des Welthandels.

Kissing Up To Iran 101

I find it strange how such a super-smart (self-proclaimed, but still) German politician like German economy minister Sigmar Gabriel (SPD), somebody so hot to do business with Iran that his pants are always wet, doesn’t seem to know the first thing about the finer points of diplomacy when it comes to dealing with the mullah state.

Gabriel

Sure, you can always get plus points by promising the Iranians to “remind the United States of the commitment to get to an effective dismantling of sanctions,” but every third grader knows that you can’t give interviews before your visit in which you say that you believe Tehran should recognize the right of Israel to exist. Pretty outrageous Scheiße, huh?

So that is why he is now getting snuffed big time during his current visit. There will be no meeting with Iran’s President Ruhani nor with foreign minister Sarif. The visit planned with parliament president Laridschani has now suddenly been cancelled, Laridschani’s brother commenting to the press “If I had been in the place of the government or foreign office I would never have allowed such a person to enter the country in the first place.”

Other than that, though, German business prospects with Iran are looking really promising.

“Ein normales, freundschaftliches Verhältnis zu Deutschland wird erst dann möglich sein.”

Bye American

And take those dopey google-goggle thingies with you when you go.

Obama

And don’t let the virtually real door hit you on your way out.

And no tongues.

Buy American, buy German – auf der Hannover Messe frotzeln Merkel und Obama miteinander. Die Regierungschefs wissen, dass sich die Unternehmen ihrer Länder einen harten Kampf um Absatzmärkte liefern.

Let The Festival Of Love Begin

And let’s get it over with as soon as possible.

Love

Time to say goodbye already.

While his fifth and final official trip to Europe’s biggest economy is expected to cover global crises, one of the headline goals is to advance negotiations on what could become the world’s biggest free trade agreement.

I Got Your Trading Partner For You Right Here, Pal

For the first time in 40 years US-Amerika has now surpassed France as Germany’s most important trading partner.

Trading Partner

Of course now everybody is trying to figure out who to blame for this and how to fix it.

One theory goes that the policy of low interest rates and the government bonds buyback program by European Central Bank president Mario Draghi has devalued the euro and made selling in other parts of the world a whole lot easier. I’ll “buy” that. Hardy, har, har.

Erstmals seit vier Jahrzehnten haben die USA Frankreich als wichtigsten Handelspartner Deutschlands abgelöst. 2015 seien Waren im Wert von 173,2 Milliarden Euro zwischen Deutschland und den Vereinigten Staaten gehandelt worden.

Germany Increases Its Pressure On China

This time by selling the Chinese 130 Airbus aircraft for $17 billion.

Airbus

And two pandas were also included to sweeten the deal. For Germany, I mean.

“Generally speaking, … in all our meetings with Chinese officials, human rights, rule of law and democracy issues play a role but I won’t go into specifics here.”

China’s communist authorities have launched a crackdown on elements of the country’s burgeoning civil society, jailing dozens of activists.

German Of The Day: König Kunde

That sounds a bit like King Kong but actually means king customer or the customer is king, if you prefer. And it’s nice to be the king, as you well know.

Uncle Sam

For decades, France was the single biggest importer of German goods. But that’s changed now. The United States has taken the pole position among clients for “Made in Germany” goods for the first time.

Seit dem Jahr 1961 kauft kein Land so viele deutsche Produkte wie Frankreich. Das hat sich nun geändert. Und auch damit zu tun, dass Amerika wieder mehr auf die Industrie setzt.

PS: But thank goodness Germany still has its trade with ten foot tall China, too.

 

Germans Arrive In Tehran For Piece Talks

Piece of the pie talks, that is.

Roughly four minutes after a deal with world powers over Iran’s nuclear program was reached, Germany’s Economy Minister Sigmar Gabriel flew down to Tehran (and boy are his arms tired) in another selfless attempt to bring more love and understanding to the troubled  region and make tons and tons of money selling German stuff to the moolah-mullahs again in the process.

Iran

German exports to Iran hit 4.4 billion euros in 2005 but then slumped to 1.8 billion by 2013 as the West tightened the sanctions imposed over Iran’s nuclear programme. However, the agreement between Iran and six world powers including Germany has opened the prospect that the sanctions will be removed.

German Of The Day: Alleingang

An ancient German tradition, Alleingänge are when Germans, as Germans, go it alone.

TTIP

In this particular case it has to do with their Empörung (another traditional German word meaning indignation or outrage) about TTIP, a planned free trade deal between Europe and the United States. Strangely, much like their hysterical reaction to Fukushima and subsequent Alleingang out of nuclear power, no one else in Europe really understands what their concern is all about.

These protestors aim to change that, however. Germany’s fellow Europeans, they feel, clearly do not seem to understand what this treaty is really about: It is a planned free trade deal between Europe and the United States. Hello? Is anyone home out there? A trade deal with the United States? As in US-Amerika?

“The U.S. push for world domination is unacceptable. Obama sends out drones to kill people and wins the Nobel peace prize. This has to stop.”

Germans Confused Why Everybody In Europe Wants TTIP Except Them

It’s like I say, folks: A real German says no first and asks questions later (that was oddity 255, if you’re interested). And if US-Amerika is involved in the calculation (see TTIP), all bets are off.

TTIP

“The EU has published a survey according to which citizens are downright euphoric about the free trade agreement TTIP. In all, 25 Member States [of the 28] there will pour sheer enthusiasm over the completely secretly negotiated agreement, but for one small exception: Germans are mostly against the TTIP.”

Die EU hat in Deutschland einen merkwürdigen Zusammenhang zwischen der Befürwortung von TTIP und der „Demokratiezufriedenheit“ der Bürger ausgemacht. In anderen Ländern lasse sich ein solcher Zusammenhang nicht feststellen.