Germany’s Green New Deal Begins To Deliver: Industry Sees “Horrible Numbers”, A “Disaster”!

[Elderberry]

NoTricksZone By P Gosselin on 11. February 2020

Germany’s onslaught on its famed automotive and production industries appears to be taking an economic toll as the country pushes ahead to go green by phasing out internal combustion engines and coal power plants.

Recently we reported how electricity prices are again slated to increase this year, and thus will continue to make German power among the most expensive worldwide.

A wave of green activism has led to tighter regulations against the internal combustion engines and to a planned phase-out of coal-fired power plants.

Teetering on recession

Just recently German online business daily Handelsblatt reported here that there are “new concerns about an economic slump in Germany” as “surprisingly weak figures are fueling new worries about a downturn”.

“Horrible numbers”…a “disaster”

“Experts spoke of ‘horrible numbers’, a ‘disaster’. Industry, construction, and energy providers produced a full 3.5 percent less in December than in the previous month,” the Handelsblatt reports.

December production plummets 6.8%

More: https://notrickszone.com/2020/02/11/germanys-green-new-deal-begins-to-deliver-industry-sees-horrible-numbers-a-disaster/

[IsailedawayfromFR]

Germany has destroyed much of its economic acumen by the poor decisions by Merkel and company on renewables, open borders, etc.

It will be made more difficult as it will have to pull even more weight in the EU as the UK pulls out.

Means it will have to provide even more subsidies to the weaker EU members.