Do people understand how bag things are getting in Germany? Thread 👇🏼
Vonovia the largest real estate company will drop the temperature of gas heated buildings to 17 degrees Celsius at night. Some housing cooperatives and giving quotas for when residents can use hot water
Vonovia the largest real estate company will drop the temperature of gas heated buildings to 17 degrees Celsius at night. Some housing cooperatives and giving quotas for when residents can use hot water
There is talk of an energy state subsidy of €9 billion, similar to the money provided to the airline Lufthansa at the height of the coronavirus crisis.
"Our country may be heading for the worst economic crisis since the founding of the Federal Republic of Germany," said Friedrich Merz, leader of the biggest opposition party, the center-right Christian Democratic Union (CDU),
For the first time in decades, the balance of trade is tipping so that the country is importing more goods than it is exporting. German companies are being threatened with a loss of international competitiveness
Industrial production of steel, chemicals, and glass could fall by 50%
And the DAX is only down as much as the Eurostoxx YTD. Feels like markets are really not pricing this in
The risk of a recession in Germany has more than doubled after the war on Ukraine 
Talking to @BloombergTV this am about the contagion risk of Germany for Europe. If Germany can’t access sufficient natural gas supply we could see Covid-like stops in manufacturing and painful recession. With Germany at almost 1/3 of EU GDP this adds to Europe’s perfect storm
• • •
Missing some Tweet in this thread? You can try to
force a refresh
