Germany in Recession

[Gin96]

Germany is officially very close to recession, the ECB are starting a QE program. Why is this sort of news kept hush hush but Britain’s bad news even though we are not in a recession is plastered everywhere? While I am a remainer and can see Brexit is causing chaos, it does make me question whether the news is biased towards the EU?
www.theguardian.com/business/live/2019/sep/12/trump-delays-tariffs-markets-ecb-stimulus-package-qe-mario-draghi-business-live

Gin96...why exactly, considering the utter mess the UK is in, do you think anyone in the UK is remotely interested in a tiny % drop in german GDP?

Whats going on here will be taught in schools and universities for centuries to come....assuming we survive no-deal.

Again OP who cares? And why?

Op interesting to see it depends on brexit.

We are always told it matters not one jot to Germany what we do, our trade is insignificant. However the politicians in eu.... Wouldn't care. They only care for the project. If eu fails they will blame it on brexit.

Yes they care because Germany is eu. Without Germany it would have fallen apart years ago. There is mis balance between contributions and takers. UK is worth 5 or 8 smaller countries...

We are always told it matters not one jot to Germany what we do, our trade is insignificant.

That's bullshit. You are told the effect on the EU will be significant but not as bad in any way as the effect on the UK.

And Germany or indeed the whole EU going through a recession is normal. Us exiting a massive trade bloc with no deal is unprecedented.

I'm sure i read somewhere that the UK is equivalent to the bottom 17 countries.

However, even in a no deal, a heck of a lot of trade will continue, we'll still be able to by German cars and kitchen goods, they do not rely on JIT to make a Merc and they can get their fruit and veg from the EU or other countries with which they have a FTA.

Brexit effects us, it will affect our shopping habits, travel, health insurance and economy far more than it will the EUs.

The poorer regions in Europe will love to have an Airbus factory or 3, a few car factories and a few city firms in Paris and Frankfurt.

So, don't worry, they'll be plenty more focus on the EU in future news stories.

But Germany is sitting on a MASSIVE trade surplus and could spend its way back into growth any time it chooses

so what is the point you are trying to make?

No rugby mum, credit crunch wasn't caused by people like you and I talking about the possibility that it might happen.

This is an interesting read:

www.google.com/amp/s/amp.ft.com/content/7a43c4ae-d496-11e9-8367-807ebd53ab77

The problem is Germany don’t want to spend there way out of this mess. They don’t want negative interest rates on their savings. Germany hold up the Euro, that’s the problem.

The problem is Germany don’t want to spend there way out of this mess.

Don't know why they wouldn't. I thought the autobahns were an example of spending out of a recession. (Vague recollection from one comment thirty years ago).

It's not been hidden OP, the state of Germany's economy and the high likelihood of a recession there (which has now happened) has been being discussed in the business pages of most newspapers for months. And problems with German manufacturing, and the fact that their car industry still hasn't really picked up since the diesel emissions scandal. And the dodgy practices at Deutsche Bank (and the fact that their banking sector isn't in as good shape as you might expect). Not to mention structural problems with the Eurozone, where the southern European countries can't devalue their currency to deal with the weakness of their economy while simultaneously the Germans are finding it hard to export. Plus the tension between negative interest rates and the German propensity for saving.

All very interesting, not hidden and discussed for many months.

PS not implying their relatively manageable issues are anything in comparison to the complete economic clusterfuck which will descend on Britain in the event of a hard Brexit, just that it's not the case that everything in the German economic garden is rosy.

They are also sending more and more refugees back to Greece to deal with, Greece’s refugee centres are full to bursting.
www.google.com/amp/s/www.thelocal.de/20190319/european-court-clears-way-for-germany-to-deport-refugees-to-other-eu-countries/amp

They didn’t want Greece to spend there way out of recession?

it's 'they're' or 'they are'OP🤷

I was only commenting the other day how great it was that the numbers who commented on grammar had receded. Seriously

Some commentators are now saying Greece and Germany are economically different

And, OP, are you for or against countries controlling immigration?

Given that the OP never responds to any points raised by other contributors, merely returns with another C&P which they seem to think puts their Brexit case (even if it doesn't), I'm calling "Bot".

Are bots programmed with poor grammar? Mind boggles.

It’s a bad thing for us if one of our major trading partners goes into recession irrespective of whether we are in or out.
The problem is that it may put additional pressure on the structural weaknesses in the euro. Draghi responded by cutting rates and increasing QE but implied Germany who has more capacity for fiscal stimulus than southern member states should start spending and not be so wedded to the schwarze null. Interest rate cuts mean German savers lose their capital whilst southern states find it easier to service debt, so germans see it as them propping up the lazy southerners. (They don’t tend to recognise the 1.9 trillion advantage they’ve had from the weaker currency since inception). Also it could mean lagarde has very little fire power when the next crisis comes which is likely to be soon. Any mention of weakness in the eu is rejected by this remain echo chamber and I don’t think it impacts how brexit will conclude particularly but it is one of the reasons leavers want to leave (although we had an opt out from monetary union) and worthy of recognition if we are all to get along again one day.

Megan I don't know why it's rejected.
It's a huge integrated mess, I don't know why it doesn't worry many remain posters on here. It terrifies me.

OP: This information is being kept secret from the British public

Also OP: posts multiple major newspapers’ articles about the topic.

This is absolutely a bot. And the bad grammar is because even A Banks can’t afford thousands of native English speaking bots.

Any mention of weakness in the eu is rejected by this remain echo chamber and I don’t think it impacts how brexit will conclude particularly but it is one of the reasons leavers want to leave

The euro has been called a weak currency for many years now but what does that say about Sterling and the UK economy? the £ has fairly consistently slide against the euro since its inception, yet has made little difference to our exports.
A no deal brexit will make the £ even weaker.

We are not part of the eurozone and are not tied to helping out any eurozone countries via our eu membership
As members of the IMF we would be bound to help out the eurozone.

However, i do agree that many southern european countries shouldn't have been allowed to join the euro.

I thought a main recurring claim from Leave in 2016 was about how the EU was a weak & declining economy. I certainly heard that statement 100s of times in 2016 & since.

Every force that could make EU27 weak & declining (in terms of world % of GDP) also applies to UK economy.

This is absolutely a bot. And the bad grammar is because even A Banks can’t afford thousands of native English speaking bots.
Paranoia, much?