Why do we support this damn fascist government inside EU? Their CIA black sites wasn't bad enough? Their torture and Trumpian treatment of refugees was not bad enough, now they stand up against any decisions made at EU level because their racist mindset doesn't accept it?
Decades of flawed energy policy, the demise of combustion-engine cars and a sluggish transition to new technologies are converging to pose the most fundamental threat to the nation’s prosperity since reunification. But unlike in 1990, the political class lacks the leadership to tackle structural issues gnawing at the heart of the country’s competitiveness.
While Berlin has shown a knack for overcoming crises in the past, the question now is whether it can pursue a sustained strategy. The prospect looks remote. Chancellor Olaf Scholz’s make-shift coalition has reverted to petty infighting over everything from debt and spending to heat pumps and speed limits as soon as the risks of energy shortfalls eased.
But the warning signals are getting hard to ignore. Despite Scholz telling Bloomberg in January that Germany would ride out Russia’s energy squeeze without a recession this year, data published Thursday show that the economy has in fact been contracting since October and has only expanded twice in the past five quarters.
#Europe #Economy #Rexession #DisasterCapitalism #Capitalism #US #EU #Greece #Libya #Syria #Iraq #Refigees #Ukraine #Russia #NATO #Militarism
https://www.bloomberg.com/news/articles/2023-05-25/germany-enters-recession-europe-s-largest-economy-is-breaking-down
