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« Bush Lead Solidifies Nationally and in Ohio | Main | Andrew Sullivan Can Contribute Something »
October 19, 2004

German Economy Ailing; Frenchmen Nervous, Begin Trying to Make Nice-Nice With Americans and Brits

You're on your own for the next one, Jean-Claude:

The German economy is recovering, but the modest upturn will lose momentum as early as next year as a result of surging oil prices and a slowdown in exports, leading economic research institutes said Tuesday.

In the traditional autumn report published by Germany's six leading economic research institutes, five of the think tanks -- Ifo in Munich, HWWA in Hamburg, RWI in Essen, IfW in Kiel and IWH in Halle -- said they expected growth to slow to 1.5 percent next year from an anticipated 1.8 percent this year.

One of the funniest things in the world is having one of the most arrogant people on earth -- a nation so arrogant it turned racial purity into a genocidal creed -- call the USA arrogant.

I'm ever so glad I don't have to hear much about precision German engineering anymore.

Fuck 'em.

Like a Viking.


posted by Ace at 05:42 PM
Comments



Bah, they've had a big head ever since that huge upset victory over Varnus in 9 AD. They're just hot air nowadays though.

Posted by: Smack on October 19, 2004 07:10 PM

Germans, what Germans? They'll be renaming the place Little Ankara soon.

Posted by: Iblis on October 19, 2004 07:16 PM

Don't know much about this fancy schmancy economic stuff, but I just wanted to point out that the "optimistic" expectation in the article cited is a growth of 2%, more realisitc estimates put it at 1.2.

In "the worst depression since Hoover", American GDP growth dropped as low as 2.7, then jumped up to 7.4, and averages at about 3.3 annually.

Tell me again why the Dems think we should model ourselves after Europe?

(http://www.cbsnews.com/stories/2004/09/29/national/main646269.shtml)

Posted by: francisthegreat on October 19, 2004 07:33 PM

Ace, where did "like a Viking" come from? I've seen you use this phrase before, but I don't remember it's origins.

Posted by: Kerry Is Unelectable A.K.A. The Apologist on October 19, 2004 10:16 PM

Must resist ... must resist those cooper minis! ARGH!!!

Posted by: Princess Kimberley on October 19, 2004 10:44 PM

"Like a Viking" actually comes from Son of Nixon.
It's just something he said that I thought was pretty funny.

Posted by: ace on October 20, 2004 12:15 AM

Only in the context of Continental Europe could 1.8% growth be called recovery. Even the strongest economy in Europe, the United Kingdom's, will only grow at a relatively anaemic 3.5% this year.

Posted by: David Gillies on October 20, 2004 11:39 AM
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