It’s lucky the German hosts made it into the last 16 of the Euros…

… Because there isn’t any other good news for the German people

Montage © Facts4EU.Org 2024

From a failing economy to a failing government, nothing seems to be going right for the UK’s No.1 European competitor

Aside from its soccer team scrambling though to the last 16 of the Euro 2024 football tournament which Germany is hosting, there is little for its people to celebrate this month. Below we summarise the depressing ‘state of the nation’ for the EU’s No.1 economy, on which the rest of Europe relies.

As Germany is Brexit Britain’s major European competitor, it is legitimate to review how it’s doing.

And it should be noted that none of what follows is “because of Brexit”.

Brexit Facts4EU.Org Summary

1. The dismal economic news for the German people this month

House prices : Down 5.7% year-on-year
Exports : Down 6.4% on the previous month
Values of exports: Down 4.9% on the same month last year
Producer prices of industrial products (domestic sales): Down 2.2% on the same month in 2023
Stock of manufacturing orders: Down 5.6%, in real terms, on the same month a year earlier

[Source : All of this comes from the homepage of Germany’s official statistics agency, 25 June 2024.]

Note: We did not select this headline news. It was all selected by the German Federal statistics agency, Destatis, based on the latest monthly data in each case.

2. For the German government the news is no better

Germany's autobahn bridges falling apart

“As many as 5,000 bridges along Germany's autobahns are so decrepit that they need to be renovated or rebuilt as quickly as possible. But the state, restrained by a national debt brake, is struggling to find the money.”

Immigration

“Faster deportations, third-country asylum procedures - after the EU election, there is growing pressure in Germany to restrict immigration even more.”

From January to April 2024, only 6,300 people were deported from Germany to their home countries
However, some 240,000 are currently officially obliged to leave the country

Right-wing Alternative for Germany (AfD) demolished Chancellor’s socialist party in EU elections

AfD came second overall in Germany in the June elections
In five German states the AfD came first
In three of those states — Saxony, Thuringia and Brandenburg — there are September state elections
It is expected the AfD will become the strongest party in these states
It will then be difficult for Scholz to form a governing coalition to outnumber it

Olaf Scholz's Social Democrats (SPD) and the Greens are so weak they may not even clear the 5% threshold to get a single seat in the state parliaments.

[Sources: EU Parliament and the German state broadcaster, June 2024.]

Observations

For the last eight years since the UK-EU Referendum we have had to endure the pro-EU BBC and other pro-EU media - and the Remainer-Rejoiner organisations - gleefully seizing on any small nugget of negative news in the UK and implying (or in many cases claiming) this is “because of Brexit”.

Above we have shown how everything in the German garden is not rosy. To the best of our knowledge Germany has not left the EU. Despite this, the news out of Germany for the last year has not been good. In this report we have merely singled out the output this month from the German Federal statistics agency, as well as some facts from the German state broadcaster.

We hope this puts the solid performance by Brexit Britain into perspective, for those who seem to need this.

After the election next week Brexit will be under threat

Facts4EU.Org is not behind a paywall. Readers can use our site free of charge. However, following the election it seems clear that Brexit will be under threat. If you want us to fight on, please make a contribution now. We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.

If you believe in a fully-free, independent, and sovereign United Kingdom, please stand up for our country right now.

[ Sources: Destatis | EU Parliament | German state broadcaster DW ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Wed 26 Jun 2024

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Reader Comments 3

1. Have You Wondered , Wednesday, June 26, 2024, 14:56:

.
Halloooo ! 4pm and no comments ?
.

2. Sparky , Wednesday, June 26, 2024, 14:56:

Good that the UK is fairing better in these areas but this is just cherry picking. World Goods trade has declined, Germany has a larger manufacturing base than the UK as well as being harder hit by the energy issues following the Ukraine War. World service trade has increased and the UK has been well placed to take advantage and this is nothing to do with Brexit. The boast on house prices is depends on where you are, the UK currently has a serious housing crisis.
.
Compare Germany and UK in other areas as well, Debt to GDP ratio 63% v 101%. Deficit, Unemployment rate, economic inactivity rate, credit rating, productivity, average salary.

3. Gazzablack , Wednesday, June 26, 2024, 19:37:

2, sparkless
.
EU bank debt is grossly under-estimated due to shadow debt.
.
(A shadow debt is one part of the shadow liabilities of EU member states that are not included by Eurostat in
It's definition of 'General government gross debt or GGGD.
.
GGGD is the anchor figure for calculation of a country's debt to GDP ratio. GGGD misses out what is in the shadows.
.
1, debts and risks created by the EU itself, the European Investment bank and the European Central bank.
.
2, Debts of transport, electricity, water and gas utilities and of national central banks, and risks created in financing schemes like InvestEU and the European Guarantee fund.
.
Debts comprise items like the debts of the EU itself, and the debts of Eurozone central banks in the TARGET2 payment system.
.
In 2021
Germany's GGGD was €2.5 trillion
Germany's 'shadow debt was €1.2 trillion
Germany's shadow contingent liabilities were €1.0 trillion
Giving a total of €4.7 trillion
So far larger than 63%
.
And the same 'shadow can't see work holds true for the likes of France, Italy, Spain and Belgium as well, to name just four.
.
I doubt they've improved

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