Re: Special Relationship with USA?

Yes oh dear, you cannot find any evidence. Have just done as you first suggested and google drew a blank so seem like it’s just another one of your fibs to add to the growing list

Re: Special Relationship with USA?

Ruled by Belgium??? I must admit your nonsense is exceptional.

Wasn't really looking for an apology, sarcastic or otherwise.

Re: Special Relationship with USA?

A recession is when the economy declines significantly for at least six months. That means there's a drop in the following five economic indicators: real GDP, income, employment, manufacturing, and retail sales.

Therefore Germany is technically not in recession, even though your post 79 said that it was "Germany slips into recession ... ",

Do wish you would start using some kind of confirmation protocol before your usual Drivel Dripping.

Re: Special Relationship with USA?

We are in the second quarter ...

Zero growth last quarter and car sales are dropping ....

It's not exactly booming in Germany is it?

Re: Special Relationship with USA?

We are ... ruled by Belgium

At least we are on this planet... not sure about yours. Hows your quest to adopt the Euro ?

Going well is it ?

Re: Special Relationship with USA?

And neither is the UK. Since 2016 there has been very little difference in the UK/German GDP growth rate.

https://tradingeconomics.com/germany/gdp-growth

Urm......so what is your point?

Car sales are also dropping in the UK, down 6.8% last year, the biggest drop since financial crisis.

Urm......so what is your point

Re: Special Relationship with USA?

Should be good for uk balance of payments between us
and eu!

Regards Donkeyman!

Re: Special Relationship with USA?

The clue is in our unemployment figures . The problem for Germany is they are almost completely reliant on their manufacturing, car sales being a huge part of that.

You kind of answered your own question why Germany is going into recession. They are the biggest net contributor to the EU, the UK second ... we are leaving so where is the EU going to get its money from to pay for all those projects ?

The USA ?

Dream on ....


Here comes big problems in the Eurozone ...

Re: Special Relationship with USA?

German unemployment rate 3.2%
UK unemployment rate 3.9%

https://countryeconomy.com/countries...any/uk?sc=XE18

Didn't ask any questions on anything, just presented facts.

Re: Special Relationship with USA?

The question that concerns everyone: is this a breather, or the beginning of a new European recession? Draghi will stick to that first for the time being. His entrance into the room under the sloping glass roof on the fifth floor of the ECB headquarters is as always reminiscent of a Catholic mass. First there is the tense silence beforehand, only interrupted by coughing here and there. Then the click of the photographers upon the arrival of the clergymen in a black suit, with Draghi in front and a bearded security guard. In the following hour a ritual takes place that is perfect in its predictability. The journalists ask. Draghi responds, with his famous Mona Lisa smile on his face, but without ever telling more than what is necessary.

The new figures that the ECB receives "remain weaker than expected," Draghi admits immediately. "The uncertainty is growing." He calls the flaring protectionism and trade wars, the chaotic Brexit negotiations, but also the economic setback China is facing and the challenges of German car manufacturers.

Yet the Italian remains more positive than many other experts. "The likelihood of a recession is low," he states frankly. He points, among other things, to rising wages. And were the dark clouds not allowed to blow, as the central bankers hope? Then the ECB is prepared to do everything that is needed. "It is not true that the ECB is without gas," Draghi defends the critics. "Our toolbox is full, with all instruments."