Countries across Europe have seen a seismic shift in support from establishment conservative parties to an upstart populist movement that is focused on fixing economic and societal issues at home while tapping into a festering anger toward the establishment.
Germany is putting its (borrowed) money where its mouth is.
Germany’s Bundesbank lost €19.2 billion last year, its first negative year since 1979.
Friedrich Merz, Germany’s chancellor in waiting, wasted no time to start his full-court press to come up with new funding for Berlin to beef up its military and wants to rush the approval before the new government can challenge him.
The Eurozone’s economy stagnated in 2024’s final three months as GDPs in France, Germany, and Ireland contracted.
The German economy contracted by 0.2 percent last year after shrinking by 0.3 percent in 2023, the Federal Statistics Office (FSO) said, while inflation in December was at 2.8 percent.
After months of labor strife and fruitless discussions between the company and Germany’s biggest labor union, Volkswagen’s factory workers walked off the job on 2 December.
Germans are continuing to lose confidence in their economic future, a new survey found.
Europe’s weak economy, the slumping market for electric vehicles (EVs), and sharpened competition, especially in and from China, has prompted Ford Motor to announce layoffs of about 4,000 workers on the continent—about 14 percent of its workforce there—before 2028.
U.S. chip maker Wolfspeed has suspended plans to build a €3-billion, cutting-edge semiconductor factory in Germany, damaging chancellor Olaf Scholz’s plan to transform the country into a high-tech hotbed as its flagship auto industry continues to decline.
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Judge Andrew Napolitano, Scott Ritter, Max Blumenthal, Anya Parampil and Gerald Celente
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