In the regional elections in the east ern states of Thuringia, Saxony, and Brandenburg, the dire predictions about Germany’s threats from the far right have become bitter reality. Now the Greens are suffering their worst political meltdown in de cades. The biggest worry at this stage is the worsening economic situation, with Germany’s economy facing stagnation and increasing … [Read more...] about Germany Without A Government – political chaos reigns
Olaf Scholz
Germany’s Threats From the Far Right
As the history of the European Union shows, over the decades France and Germany —the two largest countries and economies — were the motors of integration of the twenty-seven EU member countries and their combined population of 450 million. As the results of the June 2024 European Parliament elections show, France and Germany as the largest EU democracies are threatened as never … [Read more...] about Germany’s Threats From the Far Right
Heat Pump Fiasco
Berlin’s focus has shifted. German Chancellor Olaf Scholz’s “tank battle” and the insufficient German military support for Ukraine’s defense against the Russian invaders are no longer the major issues. Germany’s new defense minister, Boris Pistorius, is now the country’s most-liked politician. And Germanyapproved a new €2.7 billion worth of arms for Kyiv—the largest amount so … [Read more...] about Heat Pump Fiasco
Europe’s Forever Unfinished Banking Union
The Deutsche-Commerzbank merger fiasco sheds light on how weak Germany’s private banking sector remains a decade after the financial crisis, in a national market dominated by highly competitive customer-oriented savings banks and cooperative banks. On April 25, 2019, both banks announced that their management boards had come to the conclusion that a German government-supported … [Read more...] about Europe’s Forever Unfinished Banking Union