The German economy is being hit increasingly hard by the lack of orders. In October, 41.5% of companies reported a lack of orders, up from 39.4% in July. That’s the highest level since the 2009 financial crisis. “The lack of orders is continuing to hinder economic development in Germany,” says Klaus Wohlrabe, Head of Surveys at ifo. “Hardly any industry has been spared.”
EU politics
Wolfgang Munchau: Germany to miss defence spending target
The German Council on Foreign Relations published a report highly critical of the German government’s two-tongued defence strategy. Olaf Scholz’s much-quoted Zeitenwende has turned to have been really not much more than a public relations […]
EU politics
Costas Lapavitsas: Jeremy Corbyn’s Labour vs. the Single Market
If the next Labour government is to be truly transformative, it has to free itself from the constraints of the single market. Read here
EU politics
German Foreign Policy: A Transmission Belt of German Supremacy
German politicians and media are intensifying pressure on Rome in anticipation of today’s EU Commission verdict on Italy’s national budget. Already last week, EU Budget Commissioner Günther Oettinger announced, in reference to the Italian deficit, […]
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