European Economics Thread

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gelgoog

Lieutenant General
Registered Member
So Germany wants to produce weapons without heavy and chemical industry. Good luck with that.
The German weapons industry has been near dead for decades. You can't just print 100 billion EUR and expect stuff to magically show up. What this will mean will be US weapons purchases at inflated prices. Even more money transferred to the US as if the exorbitant privilege of having to buy their dirty fracked LNG wasn't enough.
 
S

Serb

Junior Member
Registered Member
https://twitter.com/i/web/status/1757779689723003281




It's not only about raising inflation on the supply side due to energy constraints.

Their consumers are also spending less due to household budget constraints.

That's why there is such a broad recession and stagnation all over the Eurozone.

You have falling demand at the same time that you have rising supply-side costs.

Geopolitically, this is also a double punch to EU companies and entire industries.




Not only will they fall in domestic output, but some companies will also have to perma close/shed because they can't even relocate successfully.



WG1FYxYQjvS3-H1u6SzixWNskRaB68Bao2mzFDrhLw8.jpeg



5ZynRRNOfC056nGo6ECpk3rG26X5hbjjFnPpuAGOeZA.jpg
 
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S

sndef888

Captain
Registered Member
I feel like Merkel would have done a better job if she were still in power.

Scholz is completely powerless against America because of how much America controls German politics, media and NGOs.

Say anything wrong and he'll be torn to shreds.

Most importantly, he chose to incorporate the Greens into his government, which is basically a proxy for Washington.
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
Serb said:
https://twitter.com/i/web/status/1757779689723003281




It's not only about raising inflation on the supply side due to energy constraints.

Their consumers are also spending less due to household budget constraints.

That's why there is such a broad recession and stagnation all over the Eurozone.

You have falling demand at the same time that you have rising supply-side costs.

Geopolitically, this is also a double punch to EU companies and entire industries.




Not only will they fall in domestic output, but some companies will also have to perma close/shed because they can't even relocate successfully.



WG1FYxYQjvS3-H1u6SzixWNskRaB68Bao2mzFDrhLw8.jpeg



5ZynRRNOfC056nGo6ECpk3rG26X5hbjjFnPpuAGOeZA.jpg
Click to expand...
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Meanwhile China’s 5% GDP growth portents immediate collapse and regime change.
 
G

gelgoog

Lieutenant General
Registered Member
sndef888 said:
I feel like Merkel would have done a better job if she were still in power.
Scholz is completely powerless against America because of how much America controls German politics, media and NGOs.
Say anything wrong and he'll be torn to shreds.
Most importantly, he chose to incorporate the Greens into his government, which is basically a proxy for Washington.
Click to expand...
Merkel, kind of like Breznev, she presided over a period of stagnation for Germany. And she was the one who assured Putin that Nord Stream 2 pipeline would go ahead and then didn't grant it an operating license. She also admitted to Germany lying about being an honest broker in Minsk and Minsk II treaties. Which is kind of obvious. Germany could have tried to pressure Ukraine at any time to stop bombing the Donbass by threatening to withdraw monetary aid to Ukraine. But of course they never did it.

Merkel's government was basically coasting on decisions made by Gerhard Schroder's government. When he was in government in a coalition with the Greens they decided to shut down nuclear and replace it with wind power and renewables. But to keep energy prices down and German economy competitive after that, renewables were way more expensive, they had to do something. So they decided to import more Russian natural gas. And that is how the Nord Stream was begun really. Nord Stream was meant to reduce prices for German natural gas imports by cutting down the middlemen and their transit fees with a direct pipeline into Russia. Along a shorter route than the older land based pipelines as well.

Merkel initially came into power claiming she would stop the nuclear power phaseout. But she did no such thing. After the Fukushima nuclear incident she basically closed down all the nuclear power plants in Germany. Which operated for decades with basically no issues worth mentioning. Decades before their lifetime ran out.
 
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L

luminary

Senior Member
Registered Member
Italy's manufacturing continued its nosedive with December marking the
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of declines in output and new orders, and a Hamburg Commercial Bank analysis notes that the purchasing managers’ index “fails to convey any signals of hope.”
https://twitter.com/i/web/status/1751219900830359560


Decades-long strong historical ties mean Italy is, in the view of the
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, the “soft underbelly allowing Mr. Putin to break Europe’s liberal consensus.”
1709505918953.png
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