Sunday, May 10, 2020

A Study and Consequences

I sat and read through a business piece in Welt am Sonntag (the Sunday newspaper), and it's a curious development around the Coronavirus.

A survey was done by the research group Kantar....acting on a project by the German Postbank. 

What they say in a general way is that hundreds of thousands of Germans are now in a financial bind, with no state aid or 'free money' to help, and this equals around 2.6 percent of the nation itself. 

All leading back to the bans and lockdowns?  Yes. 

You can figure this amounts to roughly two-million Germans at the most severe level, and after that....another 3.5 million Germans who have losses and are in a slightly better set of difficult woes. 

According to Kantar....roughly 20-percent of German society is trying survive with less in their pocket. 

Efforts of the states or federal government to lift this burden?  Not a lot.  Some help has gone to business structures.  Companies like Lufthansa are asking for help, but it's highly structured, with the government likely to own (at least temporarily) some portion of the companies (yes, they'd be giving up stock). 

On the little-guy level.....the system hasn't done much.

Likely to influence Opposition parties?  You would be thinking that the SPD folks, the Linke Party, and the Greens would be full-throttle to let Euro loose, and just send checks out.  However, in this case....the SPD Party (because of the coalition deal) is left holding the Finance Ministry load, and they know there simply isn't an endless portion of money resting there.

The problem I see here is that a large segment of society is disenchanted, and it's problem that would draw 20-percent of the general public to some wild anti-government chatter, or get fixated on a new party appearing out of thin air. 

Macron in France proved that a freak creation of a party (out of thin air) could take national leadership positions. 

The necessity to resolve the financial woes?  Somewhere on the Chancellor's priority list.....this ought to be one of the top three problems right now. 

No comments: