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16-08-2019, 01:24 PM
11

Re: EU Poker . . A Desperate Germany Blinks First

It seems EU member states unity is breaking down as their country's Leaders realise the trouble they are in already, and Brexit with no deal is going to make things much worse.

It seems they all made such a play of unity when dealing with Treason May, but now with the threat of no-deal, the truth is hitting them in the face! Maybe they are finally realising that the Commission doesn't give a fig about them when it comes to a choice of further integration or saving member states from economic woe.

Let's also hope member states finally see the wood for the trees and realise the bullying of the UK was completely unnecessary and pointless, and a deal to suit both without the hated backstop, will take the biggest worry from them. now they are dealing with politicians that will not be bullied any further.
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16-08-2019, 01:41 PM
12

Re: EU Poker . . A Desperate Germany Blinks First

Originally Posted by shropshiregirl ->
It seems EU member states unity is breaking down as their country's Leaders realise the trouble they are in already, and Brexit with no deal is going to make things much worse.

It seems they all made such a play of unity when dealing with Treason May, but now with the threat of no-deal, the truth is hitting them in the face! Maybe they are finally realising that the Commission doesn't give a fig about them when it comes to a choice of further integration or saving member states from economic woe.

Let's also hope member states finally see the wood for the trees and realise the bullying of the UK was completely unnecessary and pointless, and a deal to suit both without the hated backstop, will take the biggest worry from them. now they are dealing with politicians that will not be bullied any further.
That's not how germany regards that: https://www.manager-magazin.de/polit...a-1281818.html
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16-08-2019, 01:59 PM
13

Re: EU Poker . . A Desperate Germany Blinks First

And in English (sort of, thankyou Google)

Risk of recession increases, German economy shrinking in second quarter Germany's economy is on the brink


Trade conflicts and a weaker global economy have slowed the export-dependent German economy in the second quarter: Gross Domestic Product (GDP) decreased in the second quarter compared to the previous quarter by 0.1 percent, the Federal Statistical Office said on Wednesday based on preliminary data. At the beginning of the year, the German economy had grown by 0.4 percent.

If the economy shrinks again in the current summer quarter, experts speak of a "technical recession". There were last two consecutive quarters of minus at the turn of the year 2012/13.

The Institute for Macroeconomics and Economic Research (IMK) currently estimates the danger of a recession at 43 percent. "Germany's economy is on the edge," said the scientific director of the IMK, Sebastian Dullien. "Fact is: The German economy has been moving forward only for a year in crawlspace," said the Germany chief economist of UniCredit, Andreas Rees. There are many uncertainties for the second half of the year and also for 2020. "In addition to Brexit, this is above all the US-China trade dispute and possible US tariffs on European cars," warned Rees.

"Germany's economy is on the edge"

Worrying news has not been missing in the end: industrial production and exports in Germany have declined significantly. In the second quarter, too, development was curbed by foreign trade. Exports of goods and services fell more sharply than imports compared to the previous quarter. Private consumption rose, companies invested more. However, construction spending declined following a strong increase at the beginning of the year due to the comparatively mild winter.

Expectations of economic development in the republic are weak: The Center for European Economic Research (ZEW) reported yesterday that economic expectations of financial experts for Germany in August have fallen to their lowest level in nearly eight years. The index was minus 44.1 points, the long-term average is 21.6 points. LBBW chief economist Uwe Burkert spoke of a "recession warning signal" in view of the latest ZEW figures.

The Federal Government is meanwhile alarmed, wants to prevent in the case of a economic crisis the sharpest effects for the labor market with a program. However, Chancellor Angela Merkel rejects an active growth program despite the doldrums and risks such as Brexit. "I currently see no need for a stimulus package," she said Tuesday.

The federal government expects overall economic growth of 0.5 percent for 2019. In 2018, it was still enough for a plus of 1.4 percent.

with news agencies
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16-08-2019, 02:27 PM
14

Re: EU Poker . . A Desperate Germany Blinks First

Originally Posted by Ray Cathode ->
And in English (sort of, thankyou Google)

Risk of recession increases, German economy shrinking in second quarter Germany's economy is on the brink


Trade conflicts and a weaker global economy have slowed the export-dependent German economy in the second quarter: Gross Domestic Product (GDP) decreased in the second quarter compared to the previous quarter by 0.1 percent, the Federal Statistical Office said on Wednesday based on preliminary data. At the beginning of the year, the German economy had grown by 0.4 percent.

If the economy shrinks again in the current summer quarter, experts speak of a "technical recession". There were last two consecutive quarters of minus at the turn of the year 2012/13.

The Institute for Macroeconomics and Economic Research (IMK) currently estimates the danger of a recession at 43 percent. "Germany's economy is on the edge," said the scientific director of the IMK, Sebastian Dullien. "Fact is: The German economy has been moving forward only for a year in crawlspace," said the Germany chief economist of UniCredit, Andreas Rees. There are many uncertainties for the second half of the year and also for 2020. "In addition to Brexit, this is above all the US-China trade dispute and possible US tariffs on European cars," warned Rees.

"Germany's economy is on the edge"

Worrying news has not been missing in the end: industrial production and exports in Germany have declined significantly. In the second quarter, too, development was curbed by foreign trade. Exports of goods and services fell more sharply than imports compared to the previous quarter. Private consumption rose, companies invested more. However, construction spending declined following a strong increase at the beginning of the year due to the comparatively mild winter.

Expectations of economic development in the republic are weak: The Center for European Economic Research (ZEW) reported yesterday that economic expectations of financial experts for Germany in August have fallen to their lowest level in nearly eight years. The index was minus 44.1 points, the long-term average is 21.6 points. LBBW chief economist Uwe Burkert spoke of a "recession warning signal" in view of the latest ZEW figures.

The Federal Government is meanwhile alarmed, wants to prevent in the case of a economic crisis the sharpest effects for the labor market with a program. However, Chancellor Angela Merkel rejects an active growth program despite the doldrums and risks such as Brexit. "I currently see no need for a stimulus package," she said Tuesday.

The federal government expects overall economic growth of 0.5 percent for 2019. In 2018, it was still enough for a plus of 1.4 percent.

with news agencies
Ein aktives Wachstumsprogramm allderdings lehnt Bundeskanzlerin Angela Merkel trotz der Flaute und Risiken wie dem Brexit aber ab. "Ich sehe derzeit keine Notwendigkeit für ein Konjunkturpaket", sagte sie am Dienstag.

Similar reaction as the british to double the shrink. Javid: 'I am not expecting a recession' https://www.bbc.com/news/av/business...ng-a-recession
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16-08-2019, 03:22 PM
15

Re: EU Poker . . A Desperate Germany Blinks First

Originally Posted by Solasch ->
Ein aktives Wachstumsprogramm allderdings lehnt Bundeskanzlerin Angela Merkel trotz der Flaute und Risiken wie dem Brexit aber ab. "Ich sehe derzeit keine Notwendigkeit für ein Konjunkturpaket", sagte sie am Dienstag.

Similar reaction as the british to double the shrink. Javid: 'I am not expecting a recession' https://www.bbc.com/news/av/business...ng-a-recession
Germany manufacturing is going into recession, whereas the UK economy is contracting. There is a big difference.

Germany now is the worst performing producer in the EU, it fell by over 6% this quarter compared to 1.2% for the UK.
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16-08-2019, 03:38 PM
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Re: EU Poker . . A Desperate Germany Blinks First

Poor old Germany !!!!!




lol
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16-08-2019, 05:26 PM
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Re: EU Poker . . A Desperate Germany Blinks First

Compared the grown up approach from Germany (clearly stating that they want a long term and positive relationship with the UK), here our contributors delight in Germany having a slight dip in their output. So we have resorted to the mindset of a child? Sums up much of Brexit thinking.
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16-08-2019, 05:35 PM
18

Re: EU Poker . . A Desperate Germany Blinks First

Originally Posted by gascony ->
Compared the grown up approach from Germany (clearly stating that they want a long term and positive relationship with the UK), here our contributors delight in Germany having a slight dip in their output. So we have resorted to the mindset of a child? Sums up much of Brexit thinking.
I would call them stupid boys and girls, but then, some of them are older than I am.
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16-08-2019, 05:37 PM
19

Re: EU Poker . . A Desperate Germany Blinks First

Originally Posted by gascony ->
Compared the grown up approach from Germany (clearly stating that they want a long term and positive relationship with the UK), here our contributors delight in Germany having a slight dip in their output. So we have resorted to the mindset of a child? Sums up much of Brexit thinking.
Aye well forgive us for feeling some satisfaction..... I think given how we have been treated we can be forgiven
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16-08-2019, 05:45 PM
20

Re: EU Poker . . A Desperate Germany Blinks First

Originally Posted by summer ->
Aye well forgive us for feeling some satisfaction..... I think given how we have been treated we can be forgiven
Child, who told you you were treated unfair?
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