Sunday, August 21, 2022

Five German News Stories

 1.  Kinda interesting development over at RBB (the Berlin public TV network).  The scandal developing has reached a point where the interior editorial committee has stood up and told the top level of management for the network to resign.  Matter is apparently centered on lack of trust.

This whole 'bonus' gimmick that was developed and used for the top level....is probably driving a lot of this discontent.  

Problems ahead?  Lets say that you dump the top fifteen-odd people now....who fills their positions?  

2.  WELT had a piece to discuss one of the largest immigration flows in recent memory....Russian Jews are exiting Russia...to resettle in Israel.  Most have marketable skills, and high education levels.  

3.  There's an interesting piece over at N-TV this AM.....talking about a new statistic.  Six out of ten German families are no longer able to save anything....the balance of their income is for the increasing cost of food, energy and fuel.  I definitely recommend a read.

4. This week....quietly, the EU ended supervision over Greece's financial affairs.  Good update over at N-TV about this episode.  

For those who don't remember.....Greece spent a ton of money that it did not have....got deeply into debt, and various loans had to be created for them to survive. 

5.  Finally, the Bundesbank is suggesting by December....inflation will hit 10-percent for 2022.  Yeah, it's not thrilling news. 

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