The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Climate Crisis
Balkan Green Energy News: Germany plans power tax cut, more subsidies to prop up industry amid rising prices
The plans have also been criticized for their potential to hamper decarbonization, by allowing carbon-emitting activities to continue for five extra years. Read HERE Photo: Wikitarisch/Creative Commons
EU politics
ibna: Large increase in asylum applications in Germany by Turkish citizens
This is a typical example how Angela Merkel`s hubris has created an ever increasing spiral of crisis. While she forced the EU to give billions of Euros to Erdogan and supported him in elections to […]
Geopolitics
Middle East Eye: Armed Israeli settlers torch Palestinian homes, cars and olive trees across West Bank
Israelis destroyed ancient trees that were older than Israel itself say residents of Burqa after a wave of attacks on towns and villages Read HERE Photo: Mahmoud burnat 2005/Creative Commons
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