An excellent summarisation of what everyone knew, but few dared to say until Merkel was gone.
Read here
Bill Mitchell: The Merkel failure
Economics
DeStatis – Germany: Prices of residential property in the 1st quarter of 2023: -6.8% year on year
“Lower demand due to higher financing costs and the persistently high inflation are probably still the main reasons for the decline in purchasing prices.” Also the chaotic heating policy is discouraging people from buying residences […]
Economics
DeStatis – Germany: Manufacturing in June 2023, stock of orders -3.1% year on year
The calendar adjusted stock of orders was 3.1% lower in June 2023 than in June 2022. Not mercantilism on steroids. Read HERE
EU politics
Catalan News: Jailed leaders suspended as Spanish MPs
What else would one expect from Social Democrats? Read here
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