Thyssen-Krupp discusses a merger with Tata Steel.
It is not yet entirely clear for me if the US new sanctions on Russia, the Nord Stream 2 project, and all the ensuing spats between Europeans and Americans, are about gas, defense & foreign policy, or about a larger autonomy of the Europeans, not entirely approved by the US. Somehow paradoxically, the Western Europeans…… Continue reading The Foreign Policy of Gas
The Germans are sometimes said to be arrogant, but their auto industry executives seem to be over-the-top, the über-arrogance personified. Der Spiegel keeps battering on the German Auto Industry, in what could possibly become their very Götterdämmerung, especially confronted with the Elon and the electric cars. If roughly one third of global pollution comes from transportation,…… Continue reading Das Auto : Too Big to Feel
Donald Tusk may be subjective in the end about Poland toward the exit. But demanding reparation from Germany for WW2, as the Polish Parliament just did it, is a very objective posturing and it does not bode well for the future.
There are also Germans who think the trade surplus is a real problem. Here, Thiess Petersen. How ? Through (1) fiscal measures (VAT lowering, hence higher internal consumption), (2) higher wages (ok, what about export competitiveness then), (3) infrastructure projects (green energy, new technologies, etc). Otherwise, Economics 101 tells us that a big surplus can…… Continue reading German Surplus : how to import more
I do not think the German trade surplus is a true problem : every country should be able to follow the economic policy best suited for its interests. Of course, every country is not free to follow the desired economy policy because of interdependencies and limited economic sovereignty for most of the countries in the…… Continue reading German Surplus : others’ fault
The EU is playing with fire by forcing the reluctant Central European countries (Poland, Hungary, Czech Republic) to take migrants following the relocation scheme decided at the European level. The Germans opened the gates in 2015, it was a great humanitarian move for the Syrians fleeing the war, but it was an individual decision, not…… Continue reading EU wants to make the Central Europeans swallow the refugees