Thursday, December 15, 2022

Merkel's Legacy -- Deindustrialisierung. - December 16, 2022

Reuters yesterday:

Germany is bleeding cash to keep the lights on

Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. That's the cumulative scale of the bailouts and schemes the Berlin government has launched to prop up the country's energy system since prices rocketed and it lost access to gas from main supplier Russia, according to Reuters calculations.

One long word

Supercalifragilisticexpialidocious?

Nope: de-industrialization. 

German: deindustrialisierung.

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Reality Sucks

From a reader after posting the above:

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