Germany’s Government has collapsed over its refusal to budge on Net Zero after Chancellor Olaf Scholz fired his Finance Minister on Wednesday evening. The Telegraph has more.
The Chancellor sacked Christian Lindner after days of crisis talks and amid a deluge of rumours that his turbulent coalition was about to come to an end.
In a statement to the press on Wednesday evening, the Chancellor accused his Finance Minister of “breaking his trust” and putting the “short-term survival of his party over the wellbeing of the country”.
Mr. Scholz, 66, said that he would put his Chancellorship to a vote of confidence in January, a move that will clear the way for early elections in March.
Mr. Lindner, head of the pro-business Free Democrats, had been pushing for corporate tax relief and a delay to Net Zero targets as part of a comprehensive package to get the economy moving after years of stagnation.
Mr. Scholz claimed that he made a “generous offer” to Mr. Lindner but that the Finance Minister “showed no interest whatsoever in accepting this offer for the good of the country”.
“Too often, Mr. Lindner has blocked laws in an irrelevant manner, too often he has engaged in petty party-political tactics, too often he has broken my trust,” Mr. Scholz said.
Mr. Lindner hit back in a statement made shortly after in which he accused Mr. Scholz of “not having the strength to give our country a new start”.
He added that the Chancellor had tried to get him to suspend the country’s strict debt brake rules, something he refused to accept.
At the end of last week, Mr. Lindner set out his conditions for staying in the Government in an internal paper that called for an “economic transformation”.
Among the measures were a demand to cut the corporate tax level, freeze all new business regulations and push back the target of achieving Net Zero by five years.
The paper was immediately rejected by Mr. Scholz’s Social Democrats and the Greens, the third party in the coalition.
In true European style, the slow-motion collapse involves a confidence vote in January (yes, really), followed by a likely early election in March – rather than the scheduled September. No rush to consult the people, it seems. On the plus side, the Government won’t have a working majority for nearly half a year.
Worth reading in full.
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ESG is a contrived subject that belongs firmly within the Sociology field and therefore should be added to the curriculums of those places of “learning” within the tertiary sector that feel the need to peddle this crap.
If your business is dealing with interest rates, or making cars, or building homes or whatever then ESG is none of your workload and would certainly eat in to expensive management time whilst providing sweet F A in return for god knows what cost.
Those companies that feel the need to jump on the ESG bandwagon are simply proclaiming that they are badly managed. In these cases “go woke, go broke,” is just reward for management incompetence.
ESG, another disease of the age. A virus which kills poorly businesses.
You gotta laugh.
Curricula – but apart from that,yes.
Indeed. My apologies.
No need to apologise, huxleypiggles:
https://www.grammar-monster.com/plurals/plural_of_curriculum.htm
‘The plural of “curriculum” is “curricula” or “curriculums.”’
‘Both “curricula” and “curriculums” are accepted plurals of “curriculum.”’
The noun “curriculum” has a Latin root, which is the derivation of the plural “curricula.” “Curriculums” (which adheres to the standard rules for forming plurals) is also an accepted plural.’
I prefer “curriculums”. Some people don’t care which is used:
https://www.independent.co.uk/arts-entertainment/dr-wordsmith-makes-a-house-call-at-the-tower-of-babel-1099283.html
Wordsmith writes: When it comes to the behaviour of foreign plurals in English, there are two schools of thought. One maintains that you should stick to foreign rules – that the plural of “poltergeist” is “poltergeister” and the plural of “curriculum vitae” is “curricula vitae”. And the other – the Jack Straw school of thought, perhaps – thinks that immigrant words should obey English rules while they are here, and that the plural of “stadium” should be “stadiums” and not “stadia”.
Dear Dr Wordsmith, And which school of thought do you belong to?
Dr Wordsmith writes: I belong to a third school, the A-Plague-On-Both- Your-Schools School, whose motto is: I couldn’t give a monkey’s.’
Many thanks. I too prefer the proper use of words, punctuation and grammar and in this instance I should have used “curricula” but as usual I was posting in haste (
).
On the topic of laughing, I did enjoy this mini clip. Let’s hope they’re verbalizing the general consensus, haha..
https://www.thelondoneconomic.com/news/celtic-fans-sing-you-can-shove-your-coronation-up-your-a-347611/
That’s wonderful. Thanks Mogs.
Consolidation of a diverse banking market into a select few big players. Guess it will make CBDC’s easier to roll out.
Here in the UK we have seen similar consolidation with the energy market with a reversion to more or less the same old ‘big six’.
Net Zero appears to be concentrating the power and the wealth away from smaller players and into the hands of the elites.
“Net Zero appears to be concentrating the power and the wealth away from smaller players and into the hands of the elites.”
So for the Davos Deviants it’s all coming together nicely.
BlackRock does not permit anything that does not support ESG and DIE – they pull the strings
Well, it sure didn’t help.
But that bank now folded so quickly because the Feds signalled through their ridiculous SVB actions that your deposits are only safe with JPM and some other too big too fail banks and that at a ridiculous 100% regardless of deposit size: a bailout of the ultra-rich.
That’s why large deposits now flee regional banks and go the the biggies.
And the biggies then get to pick them up for free, as is custom for a fascist large company oligarchy.
The Bear, Stearns&co. takeunder actually served as the blueprint for these steals and the ones to come.
I doubt they have the self-awareness to understand, but highly paid executives charged with managing woke programs should probably be feeling nervous right about now.
Took most of my savings out of the bank and bought some property. Savings are just numbers on a spreadsheet and can be devalued at the whim of the market. I don’t want to be a victim of contagion and offered 60p in the pound. Like with the hoax pandemic, I don’t trust the authorities