Saturday 30th of November 2024
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the weeds in the garden of europe......

 

The German economy, once Europe’s roaring engine of growth, slipped into recession in early 2023 amid runaway inflation, the national statistics office revealed this week. GDP data is reportedly showing surprisingly negative signals, with the economy losing the potential for growth. RT looks at the challenges facing the EU’s economic powerhouse.

  1. Why is Germany’s recession important?
    The EU’s largest and richest member, Germany has built its economic power on its manufacturing capacity, its integration into international trade, and a strong transport and logistics ecosystem. It is the world’s fifth-largest economy in terms of PPP, behind China, the US, India, and Japan.
  2. What is crippling the EU’s economic titan?
    Post-pandemic supply-chain problems and trade disputes, along with the energy crisis and aggressive monetary policy tightening, have all placed a strain on the export-oriented German economy. Industrial production has stalled amid geopolitical tensions, supply bottlenecks, and a shift to green energy. That was followed by a drop in purchasing power and diminished industrial orders.
  3. What’s the major challenge for Berlin?
    The most important issue for the government is to sustainably serve the energy needs of the country’s industrial base amid the green transition. Germany is one of the world’s leading industrial nations and manufacturing accounts for about a fifth of the economy, which for decades relied on cheap Russian energy to grow.
  4. What has the impact been of sanctions and the energy crisis? 
    Among EU members, Germany has been the hardest hit by the side effects of Western sanctions on Russia, as flows of Russian natural gas have dwindled significantly. The sabotage on the Nord Stream pipeline, one of the main routes for Russian gas to Europe, has added to the woes. As a result, Germany no longer receives gas directly from Russia, having previously imported more than 50% of its blue fuel from the country. Meanwhile, European wholesale energy prices reached unprecedented levels in 2022 as a result of sanctions on Russia, prompting fears of deindustrialization, particularly in Germany.
  5. What other risks threaten Europe’s leading economy?
    As a hub for industry, Germany is facing huge technological and political challenges. A lack of qualified workers is another major problem, forcing Berlin to further liberalize immigration. A recent study by the German Economy Institute showed that industries had more than 630,000 open vacancies for qualified workers they could not fill in 2022, up from 280,000 a year before.
  6. Is the EU’s green energy push helpful? 
    German manufacturers have been struggling to produce cars and factory equipment because of parts and labor shortages, as well as surging energy prices. Moreover, they are being forced to invest hundreds of billions of euros over the coming years to meet the bloc’s new clean-energy standards. The nation’s automotive industry, by far the biggest in Europe, used to support hundreds of thousands German jobs and account for over 20% of the nation’s overall economic output. However, demand for German cars has been in decline amid the global shift toward electric vehicles.
  7. Could German industry grind to a halt? 
    Economists are predicting that the industrial sector, which has been the pillar of the German economy, will remain stagnant this year instead of the hoped-for recovery, dampening the prospects of an economic resurgence. The outlook is grim as the transition to affordable renewable power could still take years, experts claim.
  8. Is the EU’s powerhouse breaking down? 
    The German economy, formerly a reliable engine for pulling the European Union out of crises, has turned into its weak link. Economists see German growth lagging behind the rest of the region for years to come, while the International Monetary Fund has forecast it will be the worst-performing G7 economy this year.

READ MORE:

https://www.rt.com/business/576950-eu-germany-economy-russian-energy/

 

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CARTTON AT TOP BY GILES MISCHIEFED BY GUS......

in uganda....

The Image of AFRICA has been DISTORTED around the WORLD & We are CHANGING the NARRATIVES via YOUTUBE videos One Country At Time.Until the HISTORY of AFRICA is told by AFRICANS, the story of GREATNESS will always GLORIFY the IMPERIALISTS!.

Inside Uganda’s Electric Bus Manufacturing Factory

https://www.youtube.com/watch?v=ps97UEGclG4

 

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to the last european.....

by Sheikh Dieng

Is Europe the big loser in this war between Russia and Ukraine? In any case, if in Europe, we refuse to validate this hypothesis, in Russia, the question does not arise. For Moscow, in this conflict between the two eastern neighbors, the biggest loser is the old continent.

This analysis was made a year ago by Serguei Lavrov, the current Russian Foreign Minister. A year later, it has just been validated by Nikolaï Patrouchev, Russian secretary to the Security Council in an interview granted to the Rossiyskaya Gazeta and relayed by the press agency, TASS.

Indeed, speaking of the future of Europe, Nikolai Patrushev does not mince his words and says things in crude terms. "The collapse of the European Union is not far off. Europeans will not tolerate the supranational super-structure which not only finds it difficult to justify itself, but pushes the Old Continent towards an open war against our country. The United States is ready to fight Russia not only to the last Ukrainian, but also to the last European" He says.

For the Russian strategist, it is the Americans who would like this collapse of Europe. And for that, Nikolai Patrushev does not hesitate to turn to history. Thus, according to the Russian secretary to the Security Council, during the Cold War, the United States was ready to transform Europe into a radioactive wasteland in the face of the slightest danger from Russia. And for him, the Americans are still pursuing this same objective. "It is very unlikely that there will be any changes in the US behaviour..." He laments.

But, then, why would the Americans have an interest in seeing Europe collapse like a house of cards? To this question, Nikolai Patrushev provides answers. For the Russian strategist, the Americans aim to "eliminating an economic competitor (Europe) and not letting it prosper at the expense of cooperation with Russia."

"The Americans have gone to great lengths to ensure that the Old Continent is stripped of its status as an economic power. Moreover, it is largely for this reason that the United States continually dwells on anti-Russian sanctions." he says. Nikolai Patrushev did not fail to underline another factor which weakens Europe: immigration.

On this subject, the position of the Russian strategist is clear. For him, Europe is facing a migratory impasse marked by the arrival of foreign populations who not only do not want to integrate but "make their own customs, forcing local authorities and people to accept their laws (the laws of foreigners)."

On American intentions with regard to Europe, the Russian secretary to the Security Council makes serious revelations. “In recent years, the sponsors of the large-scale terrorist attacks in London, Brussels and Paris were European citizens from the national enclaves (suburbs) that already existed in Europe. If we remember the fact that the Islamic State and other terrorist organizations were created, in their time, by the United States and that the terrorists in Syria and Iraq were trained by the CIA, then it is possible that these same people are behind the preparations for the terrorist attacks in Europe. Their objective is to destabilize the situation on the continent because the United States does not really care about their future (the future of Europe)”, he explains.

In the interview granted to the Russian media, Nikolai Patrushev warns that Russia will not capitulate. "The United States dominates Europe, ignoring the fact that the major role in the continent historically belongs to Russia. In the 19th century, it was the Russian Empire. In the 20th century, the Soviet Union and so it will be in the 21st century“ Warns the member of Team Putin.

source: The Evening Mail

 

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boring borrell......

 

It is highly unlikely that UKRAINE will engage in peace negotiations with RUSSIA in the foreseeable future, the EU’s top diplomat, Josep Borrell, has said. He argued that KIEV is intent on achieving a military victory over the neighboring state.

Speaking in Barcelona, Spain on Monday, the bloc’s high representative for foreign affairs and security policy said he has little optimism regarding the developments in Ukraine this summer.

“I see a concentration of troops on both sides, the clear will of UKRAINE to try to win the war,” the diplomat said.

According to Borrell, KIEV “will not go to a negotiation until it has tried to win the war.” He added that UKRAINE has repeatedly sent signals indicating its willingness to continue the military campaign until its goals are achieved.

ZELENSKY ADDED: WE NEED TO HIT MORE POULTRY FARMS TO WIN THE WAR….

 

READ NOTHING,,,,:

https://www.rt.com/russia/577135-eu-moscow-drone-attack/

 

https://www.rt.com/news/577133-eu-borrell-ukraine-russia-negotiations/

 

https://www.theinteldrop.org/2023/05/30/britain-is-preparing-a-missile-attack-on-moscow/

 

https://sputnikglobe.com/20230531/state-department-wont-say-if-its-helping-free-american-jailed-for-criticizing-ukraine-1110806593.html

 

https://sputnikglobe.com/20230530/what-are-atacms-missiles-and-why-is-us-threatening-to-give-them-to-kiev-1110800837.html

 

https://www.rt.com/russia/577182-ukraine-farm-attack-lugansk/

 

 

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