Axel Springer media is an actual cancer.New kind of copium: "Now Putin has no nukes! So we can safely nuke Russia and nothing can ever happen to us! Definitely!"
Axel Springer media is an actual cancer.New kind of copium: "Now Putin has no nukes! So we can safely nuke Russia and nothing can ever happen to us! Definitely!"
BERLIN, Feb 19 (Reuters) - The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic output, in lost value creation by the end of the year, the head of the German Chambers of Industry and Commerce (DIHK) said.
That means GDP per capita in Europe's largest economy will be 2,000 euros lower it would otherwise have been, DIHK chief Peter Adrian told the "Rheinische Post".
Industry makes up a higher share of the economy in Germany than in many other countries, and the sector is for the most part energy-intensive, meaning German companies have been especially hard hit by a surge in energy prices, which last year hit record highs in Europe.
German industry is set to pay about 40% more for energy in 2023 than in 2021, before the crisis triggered by Russia's invasion of Ukraine on Feb. 24 last year, a study by Allianz Trade said last month.
"The growth outlook for 2023 and 2024 is therefore also lower than in many other countries," Adrian said, adding that was also the case last year.
Germany, which for decades relied on relatively cheap Russian pipeline gas, now has especially high energy prices compared with the United States that has its own natural gas reserves, while France has abundant nuclear power.
"The gas price is around three-five times higher than in the United States," he said, adding electricity was four times as expensive as in France.
I'm so embarassed to be a citizen of this godforsaken island. Get that smash my head emoji in here!
I was unaware that 1984 and Lord of the Rings was Nazi propaganda. Thank you Woke Ministry of Social Truth. All hail AirStripStripper One.
American regime is split into two camps right now: the anti-Russia camp and the anti-China camp. Whether you're Democrat or Republican doesn't matter, both parties have each. They both don't like Russia and China, but have differing opinions on which is the bigger evil."And to the Chinese - If you jump on the Putin train now, you're dumber than dirt, it would be like buying a ticket on the Titanic after you saw the movie."
Michael Regan: Look up high in the sky, is that a spy balloon?
Where can I sign up? I been looking for something like this since 1997"And to the Chinese - If you jump on the Putin train now, you're dumber than dirt, it would be like buying a ticket on the Titanic after you saw the movie."
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actually energy is least of German problem. They can always export more expensive products and services to recoup the cost of higher energy.German Energy Reprieve Too Little, Too Late to Save Factory Jobs
In total, 2,340 flights have been canceled at affected airlines, disrupting journeys for more than 295,000 passengers, according to Germany’s airport association ADV.
The Verdi union is demanding a raise of 10.5% for its members. Inflation stoked by high energy and food prices is eating into wages.
They were all mostly anti-China until the Ukraine war kicked off, then they converted into anti-Russian overnight. There's been a gradual shift towards the anti-China camp.