BERLIN (Own report) – The German government is proposing a new industrial strategy to shield German companies from takeovers by foreign corporations, while facilitating mergers of large German and EU corporations. The “National Industrial Strategy 2030” presented yesterday, by Germany’s Minister of the Economy Peter Altmaier intends to enable the German industry to prevail in global competition against Chinese, as well as, US corporations. So-called “national” or “European champions” are needed, even if they do not comply with current anti-trust regulations. This has been a proposal in Berlin for quite awhile. Measures are needed “to secure” or “regain Germany’s and the European Union’s economic and technological leadership.” This is also in response to a protectionist race to reindustrialize the USA and the EU, which was launched under Barack Obama and is now being accelerated by the Trump administration.
BERLIN/TEHRAN (Own report) – New US sanctions against Iran have come into effect, without the slightest sign of success for the opposition to the US Middle East policy that had been so loudly proclaimed by Berlin and the EU. Berlin had affirmed, it would do everything in its power to secure for EU companies – particularly German – business deals with Iran, thereby safeguard the nuclear agreement while strengthening the standing of German/EU industry in Iran. The latter has completely failed. German business representatives are warning of the “danger” that German business with Iran “could come to a complete halt.” If this development continues, China – which during the first round of sanctions, had already become Iran’s main trading partner – could further enhance its position in Iran, particularly due to continued oil purchases from Tehran. Contrary to its announcement, the Trump administration did not succeed in entirely cutting off Iranian oil exports. Today, Iran is selling more oil than during the previous round of sanctions.
BERLIN (Own report) – With intense shuttle diplomacy, members of the German government are seeking to avert the impending US punitive tariffs on European goods and the loss of access to the important US market. Following Germany’s Finance Minster Olaf Scholz’s visit to the US capital yesterday, Chancellor Angela Merkel is expected in Washington on Friday. Already in the run up to these visits, Berlin seems ready to envisage a revival of the Transatlantic Trade and Investment Partnership (TTIP). This strategic decision is accompanied by a clear frontline position against China, as was resolutely demanded by the Trump administration. In addition, German-Russian business relations are increasingly under attack in Washington. At the same time, EU criticism of Germany’s unilateral trade policies is growing. Germany’s export oriented economy is particularly vulnerable to the protectionism that is gaining strength on a global scale. Berlin’s Beggar-thy-Neighbor-Policy could prove a strategic disadvantage under these new global economic conditions. Continue reading
The head of Germany’s domestic intelligence agency has warned of security risks resulting from Chinese direct investment in high-technology German and other European companies. Since 2012, Hans-Georg Maassen has served as director of the Federal Office for the Protection of the Constitution, Germany’s domestic security and counterintelligence agency. Speaking to reporters on Wednesday, Maassen said his agency had noticed an inverse correlation between cyber-espionage attacks on Germany by Chinese actors and the acquisition of German technology firms by Chinese companies. German counter-intelligence officials were puzzled, he said, about a dramatic reduction in Chinese cyber-espionage activities in 2016. But they eventually realized that cyber-espionage operations had been replaced by “lawful methods”, he said, such as direct takeovers of German hi-tech firms by Chinese companies. Continue reading
Germany has already economically conquered Europe. The subjugation of Cyprus and then Greece are proof. All that’s left are to force Great Britain out and force France, Italy and Spain to fall in line. After this comes the United States of Europe and its EU Army, both of which are already in the making. To the Germany’s credit, it will be hard for anti-Germans and the rest of Europe to call today’s Germans racist or Nazis. This calculated move will help them shed off stereotypes from the past and allow further ascension on the world stage and a tighter grip over Europe.
By throwing its doors wide open to thousands of migrants Germany has a clever plan in mind. The influx of migrants will help solve the country’s precarious demographic situation, boost the economy and make Germany a moral example for the rest of Europe, a Polish journalist wrote Tuesday.
Germany plans to take in 800,000 migrants this year alone and millions more in the coming years. Fully aware of the most immediate downsides of this decision, the Germans are still taking the risk because they realize the long-term benefits this could bring them, Eliza Litak wrote in an article carried by wPolityce.pl news portal. Continue reading
ATHENS/BERLIN (Own report) – New allegations of corruption have been leveled at leading German arms manufacturers. According to a former employee of the Greek defense ministry and several mediators of the arms industry, German arms manufacturers paid millions in bribes to induce Athens to purchase German weaponry, worth several billion Euros. Krauss-Maffei Wegmann and Rheinmetall were among the companies named. These deals helped inflate the country’s debts and were, therefore, in part responsible for escalating the crisis. Others, such as Siemens, had also paid millions in bribes to land lucrative contracts from Athens. According to a Greek journalist, who has done extensive research on corruption in Greece, German companies are the “main beneficiaries” of Greece joining the Euro zone because they subsequently profited from highly lucrative Greek government contracts. The sumptuous contracts helped plunge Greece into crisis while they, at the same time, helped the German industry to blaze its trail to the predominant position in Europe. Continue reading