Sentiment among German companies has deteriorated further at the beginning of the year. The ifo Business Climate Index fell to 85.2 points in January, down from 86.3 points in December. Companies assessed their current situation as worse. Their expectations for the months ahead were also once again more pessimistic. The German economy is stuck in recession.
Economics
Eurostat: Ukraine & Russia are source of one-third of EU cereal imports
Around one-third of the value of the EU’s imports of cereals in 2021 originated from Ukraine (28.8% and valued at €1.7 billion) and Russia (4.8%) combined. Read Here
Economics
Reuters: Germany moves to suspend debt brake for 2023 to fix budget turmoil
The German government once again caught up in its own pathological lieing and cheating. What will the Italians think? Read HERE Employees of a German Finance Ministry supporting the Black Zero of the debt brake
EU politics
German Foreign Policy – Germany: The Next Lost War
German Foreign Minister Baerbock obtains extension of military operation in Mali, primarily for strategic reasons. The Mali mission is just as much a failure as the Afghanistan venture before it. Read Here
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