EU Catch-All |German Gvt Collapse; Sarkozy trial in France

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p5mmr9

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Imagine demanding austerity during an economic contraction...and then plunging your country into chaos when you don't get your way.
 
Who would have thought that you need energy to grow? They shut down their nuclear, then lost access to Vlad's energy. Lack of energy coupled with inflation is a bad recipe.
 
Batt Boy said:
Who would have thought that you need energy to grow? They shut down their nuclear, then lost access to Vlad's energy. Lack of energy coupled with inflation is a bad recipe.
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While it is clear in this post Russia/Ukraine war world that Germany abandoning Nuclear Energy may have been a mistake - the current situation regarding Germany's economic woes is far more complicated than "well, if they hadn't abandoned nuclear" - and (more to the subject at hand) demanding austerity at a time when Germany's economy is in free fall and allowing the government to collapse, further pushing the country into more chaos and potential strife - is probably not prudent for a party that deems itself "Conservative." The Nazis are the second most popular party in Germany and it wouldn't take much to enter into even more nightmarish scenarios here.
 
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Batt Boy said:
Who would have thought that you need energy to grow? They shut down their nuclear, then lost access to Vlad's energy. Lack of energy coupled with inflation is a bad recipe.
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Oil is relatively cheap and widely available. What's keeping Germany from just buying oil on the open market? The Saudi's have been trying to curtail production for a while to prop up prices and have been unsuccessful. I think this is much more complicated than you make it out to be. Germany's auto industry, for example, is struggling and that has nothing to do with energy.
 
p5mmr9 said:
While it is clear in this post Russia/Ukraine war world that Germany abandoning Nuclear Energy may have been a mistake - the current situation regarding Germany's economic woes is far more complicated than "well, if they hadn't abandoned nuclear" - and (more to the subject at hand) demanding austerity at a time when Germany's economy is in free fall and allowing the government to collapse, further pushing the country into more chaos and potential strife - is probably not prudent for a party that deems itself "Conservative." The Nazis are the second most popular party in Germany and it wouldn't take much to enter into even more nightmarish scenarios here.
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Agreed. Not suggesting there aren't multiple issues. Energy is one of them. Germany's Energy Crisis: Europe's Leading Economy is Falling Behind
 
gtyellowjacket said:
I still think nuclear is the right way to go. I know it has safety issues and I know it's expensive but there are no greenhouse gases and we will never run out of it.
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Agree with 3 Mile Island doc that nuclear energy can never be a for-profit enterprise. It has to be run by the government, and very carefully.
 
LosPollosHermanos said:
Agree with 3 Mile Island doc that nuclear energy can never be a for-profit enterprise. It has to be run by the government, and very carefully.
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The government has a very good safety record in some challenging conditions with the navy, but they have a very spotty record at the TVA with civil nuclear power. The TVA has been improving recently after safety engineers had to get whistleblower protection and testify in front of Congress but the private nuclear power industry still has a better safety record if measured in either number of safety violations or cost of generation with nuclear.

I just think without the profit motive, over time you are likely to get some bad management at public utilities due to politicians putting their buddies or families into jobs.
 
Enigma94 said:
Oil is relatively cheap and widely available. What's keeping Germany from just buying oil on the open market? The Saudi's have been trying to curtail production for a while to prop up prices and have been unsuccessful. I think this is much more complicated than you make it out to be. Germany's auto industry, for example, is struggling and that has nothing to do with energy.
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They’d have to scrap the Euro to do that then reissue a new currency, then would probably need the Bundesbank to buy up a whole bunch of dollars. I think this may be in the cards though because interestingly enough if you go through the annual balance sheet of the Bundesbank, they report that around 40% of Germany’s gold holdings is being stored with the US and roughly 10% with the UK. Meaning that gold is probably being held by the US to force the Germans to have to buy dollars if they want their gold to be repatriated.
 
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