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originally posted by: ipsedixit
Essentially Tory Party politics have kept her (there is nobody else) in power, which means that the UK is going to go over Niagara Falls in a pork barrel.
Eurozone crisis: German output slumps AGAIN - fears grow for bloc’s largest economy
GERMAN industrial output surprisingly fell in December for the fourth consecutive month, putting the eurozone on high alert and increasing concerns around Europe’s biggest economy.
The latest data from the country’s Federal Statistics Office revealed industrial output was down 0.4 percent on November. This was in complete contrast to a forecast from Reuters for an increase of 0.7 percent. Industrial output was also down 3.9 percent on the same month a year earlier.
The Federal Statistics Office said the motor sector -vital to Germany’s economy but has been a drag because new emissions standards translated into fewer new vehicle registrations - rebounded as output rose more than seven percent.
The figure total for November was revised up to a fall of 1.3 percent from a previously reported drop of 1.9 percent.
Thomas Gitzel of VP Bank Group, warned not to expect an upturn in the German economy anytime soon.
He said: "A positive GDP reading in the fourth quarter of 2018 now looks tight.
It is the latest in a series of blows for Germany’s economy - valued at £3trillion - as it struggles to rebound from struggles in 2018.
Last week, the country’s manufacturing sector plunged into contraction territory, dropping to 49.7 points in January from 51.1 in December, according to the latest figures from IHS Markit.
On Wednesday, Deutsche Bank warned the country’s economy is under serious threat of hurtling towards recession.
Germany’s largest lender expects Eurozone’s largest economy to contract further during this quarter, with new business surveys pointing towards souring moods at companies and worsening expectations for new orders.
Deutsche Bank economists, including Sebastian Becker, wrote in a report: “The start of the German economy into 2019 has been a major disappointment so far.
“The development of several key cyclical indicators is telling us that the German economy is drifting towards recession right now.”
originally posted by: ipsedixit
I was summing things up in my mind and came to the conclusion that the most important single event that will ultimately lead to a "no deal" Brexit was Theresa May's failure (for whatever reason) to resign after the historic rejection of her Brexit deal by Parliament. I think if she had resigned we would have had another course of action and not the running down of the clock that we are seeing.
We may have had an extension of Article 50, its withdrawal, a vote of no confidence and an election, or some such.
Essentially Tory Party politics have kept her (there is nobody else) in power, which means that the UK is going to go over Niagara Falls in a pork barrel.
originally posted by: oldcarpy
a reply to: ipsedixit
the UK is going to go over Niagara Falls in a pork barrel.
Closely followed by the EU, perhaps?
1901 – On October 24, Annie Edson Taylor went over the falls in a barrel. She was mostly unharmed, but exited the barrel bleeding.[8]