Das Auto : Too Big to Feel

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

German Surplus : how to import more

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

EU wants to make the Central Europeans swallow the refugees

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