Over 1.2 million migrants have arrived in Germany this year, effectively eclipsing the number of migrants who arrived during the height of the crisis in 2015 and 2016, but there are still over 300 German cities, counties and municipalities calling themselves “safe havens” for more migrants.
According to these 314 locations in Germany, they “welcome refugees and are ready to take in more people.” Together, they describe themselves as “a strong voice against the European policy of isolation.”
Berlin is one of the hardest hit cities in terms of Germany’s migrant crisis, but despite being forced to build a new migrant tent city to house the massive numbers, it also says it wants more migrants.
What was once the economic powerhouse of Europe is rapidly unraveling as business leaders, associations and consumers are finally coming to the realization that Germany is in serious trouble.
In the coming months, energy supplies will dwindle to the point that rationing will more than likely ensue. The resulting energy shortages will further skew prices above and beyond current inflationary levels, eventually leading to a collapse.
The Federation of German Industries (BDI) conducted an analysis recently which found that energy cost inflation is a major challenge for 58 percent of German companies, while 34 percent say what happens next will determine their survival.
If prices continue to soar, that 34 percent will be out of business in no time. The domino effect of that loss will probably also yank an even higher percentage down with it.
Some companies are in talks about moving production overseas in order to survive. If that happens on a large enough scale, then Germany will ultimately lose a big chunk of its manufacturing base.
One in 10 German companies has already reduced or even halted all production due to the energy crisis. One in four German companies is now in the process of relocating company shares or parts of production and jobs abroad to countries where energy is more affordable.
Peter Adrian, head of the Association of German Chambers of Industry and Commerce (DIHK), is reportedly coming to grips with the fact that Germany will collapse without Russian energy.
It was all fun and games poking the Russian bear for political points. But now that the Nord Stream 1 (NS1) pipeline has been turned off and hyperinflation looms, the only thing Germany has to look forward to is racing straight to the bottom.
“More and more companies are telling us that they no longer have a supply contract for electricity or gas at all,” Adrian told RND newsroom. “The tap is turned off in the truest sense of the word. But without energy, no economy can run.”
One such company is Hakle, a toilet paper company that recently filed for bankruptcy citing unsustainable energy and material costs. The steel and non-ferrous metals industries are also on the verge of a collapse, requiring cheap and abundant natural gas in order to maintain production.
“Other sectors, such as chemical production, agriculture, and automating are all facing unprecedented hurdles as the energy crisis continues to grip Europe,” reports REMIX.
While the disruption in supply is officially said to be due to scheduled gas compressor maintenance, some believe that there’s more to the story. Gazprom’s official statement notes that service will be restored as long as there aren’t any issues when the maintenance is completed. Some German officials remarked that this might be the Kremlin using the energy supply as a weapon against Germany.
Coincidentally, or maybe not, Russia also stopped the supply of natural gas to France. In this instance, Gazprom claims that it hasn’t received full payment for gas already supplied
and that the pipeline will remain off until full payment is received.
President Trump has made several statements about countries that are dependent upon other countries for energy. Germany is a perfect example of what the famous businessman-turned-President was talking about.
Greece and Germany have agreed on an arms swap deal for Ukraine, state media reported on Tuesday.
Athens will send older BMP-1 armored combat vehicles to Ukraine from its own stock, and Berlin in return will deliver newer Marder 1A3s to Greece, according to AMNA news agency.
The swap deal was earlier announced by German Chancellor Olaf Scholz at the end of a two-day meeting of EU leaders in Brussels.
Meanwhile, Greece’s main opposition party SYRIZA urged the government to “stop taking decisions on critical issues of national significance in secret.”
“It is inconceivable that Greek people hear this news from the German chancellor rather than the Greek prime minister, who said nothing of the fact in his own interview, ” the agency quoted a spokesperson as saying.
Nord Stream 2, an energy mega-infrastructure project designed to deliver up to 55 billion cubic meters in additional gas from Russia to Germany via twin pipelines along the bottom of the Baltic Sea, was completed last fall and made fully ready for operation in December. It is now awaiting certification from German and European regulators.
Germany is willing to pay a financial penalty, including costs resulting from the mothballing of Nord Stream 2, to punish Moscow with sanctions if Russia attacks Ukraine, Foreign Minister Annalena Baerbock has announced.
Joe Biden’s response to questions over how he plans to stop the Nord Stream 2 pipeline in Europe shows he has little influence in de-escalating tensions in Ukraine. One America’s Chief White House Correspondent Chanel Rion has more from Washington.