Hot "DEUTSCHE BANK WATCH" GERMANY "THE DYNAMITE IN THE EUROZONE" IS TOTALLY INSOLVENT - TRILLIONS IN HIDDEN DEBT!! IT'S THE NEXT GREECE!!

valamhic

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There are two problems with a German economic collapse which is very likely.

One I will experience such joy as to post my enthusiasm here and as I am already on my last legs due to my conservative views, I will be banned.

Virtually all my posts are judged to be inappropriate behavior. The second is that if the German banks do blow, I hope the Irish people will be forced to bail them out. The Irish man is a donkey and he needs to be saddled down with every hardship possible.
 

Kershaw

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Germany 'in recession' as factory output slumps

Germany is in recession and will suffer its worst growth in six years in 2019, the influential Ifo Institute has predicted, as production in eurozone factories continued to sputter.

The research group cut its forecast for 2019 economic growth to 0.5pc, warning that the weakness in Germany's huge industrial sector is spilling over into the rest of the economy.

The Ifo expects GDP to contract by a further 0.1pc in the third quarter, a second consecutive quarter of falling output - meaning a technical recession.

 

NotPC

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Germany 'in recession' as factory output slumps

Germany is in recession and will suffer its worst growth in six years in 2019, the influential Ifo Institute has predicted, as production in eurozone factories continued to sputter.

The research group cut its forecast for 2019 economic growth to 0.5pc, warning that the weakness in Germany's huge industrial sector is spilling over into the rest of the economy.

The Ifo expects GDP to contract by a further 0.1pc in the third quarter, a second consecutive quarter of falling output - meaning a technical recession.

Good enough for the bastards!!!! Great news!!!!!
 

Tadhg Gaelach

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The ECB has just cut its base lending rate by another 0.1%. It was already at zero. It's started up open ended Quantitative Easing again. 20 billion a month for a start.
 

blue velvet

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Germany 'in recession' as factory output slumps

Germany is in recession and will suffer its worst growth in six years in 2019, the influential Ifo Institute has predicted, as production in eurozone factories continued to sputter.

The research group cut its forecast for 2019 economic growth to 0.5pc, warning that the weakness in Germany's huge industrial sector is spilling over into the rest of the economy.

The Ifo expects GDP to contract by a further 0.1pc in the third quarter, a second consecutive quarter of falling output - meaning a technical recession.

Will have repurcussions for Brexit.

German exporters may start feeling the pressure and that will affect Merkel's stance.
 

missy

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Don't worry.
I'm sure Merkels wonderful new immigrants will make things wonderful again.
 

bells of shandon

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Germany Deutsche Bank debt of 47 Trillion Euros is old news and has been known since the Great Financial Crash of 2008/9. This debt is Bank derivative debt and part of the Casino section of Finance Capitalism.
The usual suspects are preparing to foist this debt on the working poor of Europe and thus the recent exposure.
Germany will take a hit , but its Industrial base is financed by small local Sparkasse Banks that have never failed. They comprise about 80% of Industrial Financing in Germany.
Germany has boasted of a budget surplus for many years. This surplus was lent out to others in the Euro area and caused Bank failures in Greece ,Ireland, Italy and Spain, when projects failed to produce returns to service the loans.
The German surplus has not been used to upgrade its infrastructure and create employment because of EU austerity policy and this is having an impact on Germany's economy.
One of Germanys main markets has been Russia for many years, sanctions have closed off this market, and Russia now has developed its own substitute hi-tech Industrial base,of turbines ,aircraft etc.
Competition from China along the New Silk Road hi-speed rail system to Europe is another factor. The wheel of History is turning and it is pointing East.
The correct course for Germany's economy is to embark on a large scale infrastructure build programme , but this is unlikely as the austerity ideology is embedded in the German psyche and we in Europe must suffer along.
The end game is approaching over the horizon and Germany and Brexit are but other cogs in the wheel of the next Great Economic Crash.
 

Dublin 4

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  • Thread Starter Thread Starter
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bells of shandon

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Roll on the German economic collapse, along with Brexit this will accelerate the demise of the corrupt EU project Hopefully Ireland can then regain its freedom,its border control and its economic independence when it has its own independent currency.
 
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