Germany is Not Very SWIFT

GERMAN GOVERNMENT SPOKESPERSON SAYS - A SUSPENSION OF SWIFT PAYMENTS SYSTEM WOULD HAVE MASSIVE IMPACT ON GERMAN BUSINESS AND REQUIRE LOTS OF PREPARATION

— First Squawk (@FirstSquawk) February 25, 2022

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Optimism Is The Bedrock of Growth

"German businesses are growing increasingly optimistic... Expectations at companies surveyed by the country’s Ifo institute improved to 97 in July from a revised 91.6 in June, the strongest reading since late 2018"https://t.co/1sgMfvYG6s pic.twitter.com/ECJsvugP6S

— Jonathan Ferro (@FerroTV) July 27, 2020

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
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Germany Enters Hard Recession

Bundesbank: The #coronavirus pandemic has plunged Germany's economy into a hard recession.https://t.co/d0dAQiDvhl #Covid19de #CoronaCrisis

— Yannis Koutsomitis (@YanniKouts) April 20, 2020

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

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German Economy Fucked - There Goes The EU!

German industrial production is collapsing wiping out the last 4 years of growth.

Likely Germany will have a recession 2019Q2 & 2019Q3 negative as weakness is spreading from Automobile to other sectors.

Troubled times for what was the #EU and #Eurozone most sucessful economy. https://t.co/IqnB4kTuVt

— Dilip Shah (@DilipShah_) August 7, 2019

UST Keeps Germany On Currency Manipulation Watch List

In its infinite wisdom, the US Treasury will keep Germany on its list of countries warranting "extra scrutiny" for potential currency manipulation.

smh

— Martin Baccardax (@mdbaccardax) October 18, 2018

Greece Tries It On With Germany

Greece "To Claim €280 Billion" In War Reparations From Germany https://t.co/V7OKr5bBEv

— zerohedge (@zerohedge) October 9, 2018

Greece - The Crisis That Refuses To Go Away

Despite the media's obsession with Trump, there are other issues in the world.

One such issue being the ongoing Greek financial crisis, which has not gone away and is not likely to be solved.

Those who are optimistic for the chances of a solution should bear in mind that the IMF doesn't think that Greek debt is sustainable and that a write down is required. Germany, however, won't countenance a write down.

In short, there are no signs of a solution.

Germany and The UK Like Status Quo

Ludger Shuknecht of German finance ministry says German/UK common interest in Brexit outcome as close to status quo as possible. #cerbrexit

— Simon Nixon (@Simon_Nixon) July 6, 2016

BDI Chief Calls For No Trade Barriers Post Brexit

German Business Chief Calls Possibility of Post-Brexit Barriers "Very, Very Foolish" https://t.co/jZyZG5pk2k via @GuidoFawkes

— John Redwood (@johnredwood) June 22, 2016

NIRP Doomwatch

WATCH LIVE: Breaking news as German 10-year Bund yield drops below zero for first time https://t.co/64SID8sGBA https://t.co/E67S0totlR

— Bloomberg (@business) June 14, 2016

#Germany's 10-year sovereign bond yield turns negative for the first time ever.#ECB #euro

— Yannis Koutsomitis (@YanniKouts) June 14, 2016

Germany Offers Negative Interest Rates

German banks: "we have a special rate for you"#Cash#Bitcoin#Gold#Winners pic.twitter.com/sUEifC0Rp2

— Lawrence McDonald (@Convertbond) April 12, 2016

Germany's Fair Deal For Britain After Brexit

Germany believes that Britain will vote for Brexit in June. As such, Merkel wants Britain to be given fair treatment after the vote.

The Commentator reports that Germany will make the following previsions:

1) Immediately toning down any reference to "punishing" Britain for leaving;

2) Forging a UK-EU cooperation agreement to deal with all strategic, economic and migration issues;

3) Including, as a top priority, the United States, to be an honest broker.

In other words, Germany wishes it to be business as normal wrt business and normal interstate interactions.

Lagarde's "Good Faith"

International Monetary Fund Managing Director Christine Lagarde has said that her team was continuing to negotiate with Greece "in good faith" over its debt issues.

She told Bloomberg TV the aim was to restore Greek competitiveness within a framework of debt sustainability.

Quoted by Reuters, she said:

"The objectives have not changed.

Everything has to add up."

Lagarde is of course being somewhat disingenuous, for she has neglected to mention that Germany has said "nein" to any for of debt relief for Greece.

Without debt relief, the IMF will not remain part of the Quadriga. Which brings us back to the "credit event" that the IMF was plotting, in order to bring about a solution to the Greek/German impasse. This "event" has, of course, been hotly denied by Lagarde.

However, she would deny that wouldn't she?

IMF Insists On Greek Debt Restructuring

Those of you who thought that the Greek tragedy had melted away are wrong.

The IMF is sticking to its guns that the eurozone must commit to a formal restructuring of Greece’s debt before the IMF will lend anymore money to Greece.

Bloomberg quotes David Lipton, the IMF’s first deputy managing director, as saying that pledges to review Greece’s debt servicing won’t be enough unless they’re accompanied by specific terms for paring back the borrowing burden.

Greece received an 86 billion-euro bailout in August from the eurozone, which now wants the IMF to provide further support.

Greek Prime Minister Alexis Tsipras has requested a new IMF program, which would replace a dormant one that will expire in March.

Germany, and other eurozone nations, wants the IMF to play a financial and technical role in shoring up Greece’s economy and restoring the nation’s access to financial markets. Unfortunately the IMF won't play ball until there is debt restructuring, which is an anathema to the eurozone.

The result will be stalemate, until Greece is on the edge of financial collapse again!

Germany Blackmails Greece

Blackmail time! Germany considers bailout “concessions”, if Greece keeps more refugees http://t.co/QBcJT6yXXm

— Keep Talking Greece (@keeptalkingGR) October 16, 2015

Germany Says Ja!

German MPs votes with large majority to approve third bailout deal for Greece http://t.co/L5IZ6j8vdE #GreeceCrisis

— BBC Breaking News (@BBCBreaking) August 19, 2015

Greece Runs Out of Cash In Two Weeks

As expected, no deal with Greece has been struck at yesterday's Eurogroup meeting.

Right on cue up pops "sidelined" Varoufakis (who still holds office), warning that Greece will run out of cash in two weeks and that the liquidity issue is "terribly urgent":

"The liquidity issue is a terribly urgent issue. It's common knowledge, let's not beat around the bush.

From the perspective [of timing], we are talking about the next couple of weeks."

Then why oh why has the Greek government squandered the last 100+ days since it was elected to office?

The Germans have all but given up on Greece, and are now pushing for Greece to hold a referendum in the hope that Greece self exits from the eurozone.

Schauble Washes His Hands of Greece

Wolfgang Schauble, quoted by the Telegraph, has washed his hands of Greece:

"If they want to find money somewhere else, whether in Moscow, or Beijing, or New York, that's fine, we'll be happy.

We will not help a country that refuses to help itself. If Greece wants the next disbursement of €1.8bn, it must fulfil what is agreed. That is called the Memorandum of Understanding."

Over and out!

Greek Government Is Stupid

Sigmar Gabriel German Economy Minister and Vice chancellor has called Greece's Euro278BN war reparations demand "stupid".

Quite so!

Not only will Germany not pay it, but the demand has wasted/destroyed what political capital, time and sympathy others may have for Greece.

Thus it is not not just the demand that is "stupid", but the Greek government as well.

Germany Rejects Greece's Reparations Demand

Greece demands €279bn from Germany in Nazi war reparations | via @Telegraph http://t.co/h0FHFzqih5

— Allister Heath (@AllisterHeath) April 7, 2015

It goes without saying that Germany has rejected this.