The chairman of the German Armed Forces Association said last week that the country’s defense industry needs to ramp up production to 24 hours a day, seven days a week, to prepare for a war economy.
Tag: Germany
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GERMANY SAYS IT’S MOVING FORWARD WITH DEAL FOR NEW ROCKET SYSTEMS FROM ISRAEL
The German government announced last week that it is closing in on a deal to purchase about $5.4 billion of advanced rocket systems from Israel, which Haaretz said would advance Elbit Systems’ presence in the European market.
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GERMANY ACCUSED OF SPENDING TOO MUCH OF MILITARY BUDGET ON ANTIQUATED WEAPONS
Germany has announced that it will spend hundreds of billions of dollars to upgrade its military in what Berlin sees as a threat from Russia, compounded by an unreliable partner in the U.S., but critics say the spending is largely going to antiquated systems that benefit arms manufacturers at the expense of security.
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GERMANY LOST MORE THAN $1 TRILLION IN GDP OUTPUT SINCE COVID WAR, AS NEARLY 70 PERCENT OF GERMANS DISAPPROVE OF MERZ
Germany, Europe’s biggest economy, has lost more than $1 trillion over the last six years as a result of the COVID-19 War, the Ukraine War, and President Donald Trump’s tariffs against the country, according to data from the German Economic Institute.
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EUROPE’S INDUSTRIAL SECTOR WEAKENED AGAIN IN DECEMBER
The Eurozone’s industrial economy sank deeper into recession last month, according to the Hamburg Bank of Commerce’s purchasing managers index (PMI).
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PRIVATE GERMAN COMPANIES RUSH TO POSITION THEMSELVES TO BENEFIT FROM BERLIN’S MASSIVE MILITARY BUILDUP
There’s a rush inside Germany among companies and workers who want a piece of the action as Berlin committed itself to increasing military spending by more than $500 billion over the next 10 years and see the funds as a way to shake off the country’s struggling industrial economy.
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HE SHOULD KNOW! GERMANY CHANCELLOR WHOSE GRANDFATHER SERVED IN THE NAZI PARTY COMPARES PUTIN TO HITLER
Friedrich Merz, the warmongering German chancellor, addressed a conference on Sunday and compared President Vladimir Putin to Adolph Hitler—stating that if Russia is not stopped in Ukraine, it will continue on, just like the "Sudetenland was not enough” for the Nazi leader in 1938.
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GERMANY PLANS FOR WAR WITH RUSSIA
German officials are reportedly working on plans to mobilize Europe against Russia over what officials in the country say is a high likelihood that the Kremlin will be willing to attack NATO states by 2029.
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TRUMP’S TARIFFS HOBBLE GLOBAL GROWTH
The impact of Donald Trump’s tariff war on the world’s economy has been less than feared but still has taken a toll, according to figures released by several national governments.
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EUROPE’S ECONOMY BECOMING OBSOLETE, LAGARDE WARNS
Europe’s model of economic prosperity “is geared towards a world that is gradually disappearing,” Christine Lagarde, president of the European Central Bank (ECB), said in a 21 November keynote speech to the European Banking Congress.