Category: Germany

Will Germany Regret Going Non-Nuclear?


The fallout from the Fukushima nuclear disaster left the entire world running scared. Germany, for instance, announced that they would be shutting down all of its 18 nuclear power plants by 2022, choosing to rely on renewable energy sources and traditional coal-fired plants in the future instead. But the cost of utilising renewable energy sources will be great. Apart from having to actually invest into the technology, Germany could also face opportunity losses that would harm its long-term economic planning.

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Discovery of Accounting Error Means Germany Is US$78 Billion Richer Than Previously Thought


Germany received an unexpected bonus to its coffers last Friday after the Finance Ministry discovered an accounting error at the state-owned Hypo Real Estate (HRE) bank, which now means that the country is 55 billion euros (US$78.7 billion) richer than previously thought.

“Apparently it was due to sums incorrectly entered twice,” said a ministry spokesman to Reuters, adding that the reasons for the error was still unclear.

German Electoral Earthquake: Rise of the Greens


The equation seems simple.

A nuclear disaster in Japan combined with widespread skepticism of atomic energy in Germany

equals record-setting election successes for the anti-nuclear Green Party in two state elections last Sunday.
The story line is certainly tempting.

Germany has, after all, reacted with notable concern to the ongoing calamity at the Fukushima nuclear facility on Japan’s east coast.

German Actions re Libya / Nukes / Euro Disturb Allies


Driven by electoral pressures and Germany’s postwar aversion to war and nuclear power,

Chancellor Angela Merkel has deeply strained relations with allies in the European Union and the NATO alliance,

raising new questions about Germany’s ability to play a global role in foreign policy, even as its economic power and influence grow.

By abstaining in the Security Council on the resolution authorizing military action to protect Libyan civilians —

German Economy NEEDS Immigrants: OECD


The OECD has found that in just 10 years, the number of people leaving the labor market in Germany

will be up to 75 percent higher than the number entering the labor market.

Among the 28 industrialized countries surveyed, Germany wound up dead last.

The reasons listed by the OECD are simple.

On the one hand, German society is aging quickly.

Tough German Stance on Tax Evasion Brings Tensions with Switzerland, Other Neighbors


Of all the European Union member states, Germany has taken the toughest stance against tax evaders.

German officials have called on the bloc to adopt a strict policy

that would pressure Switzerland, Luxembourg and Liechtenstein to give up their banking secrecy systems.

Berlin’s position led to serious tensions with Switzerland earlier this year.

Germany – Fast Facts


Germany comes under high-income OECD group economies as to the classification made by the World Bank on the basis of income and region for the year 2006.

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