The war in Ukraine was still raging, but even in Germany Corona became old news as 2022 drew to a close. Hence, the hope which came up in October already as to the fate of the German economy (here) stabilised in November (here) and got even better at the end of one of the most disturbing years I personally encountered in my not so short life-span. But, hey, let’s take a closer look on how the German economy fared in December 2022:
The German economy in November 2022 – have we really seen the bottom?
The war in Ukraine is still ongoing though there wasn’t too much actual movement throughout the month – probably due to Rasputitsa (for regular updates, cf. here, in German). The hope which came up last month as to the fate of the German economy (here) seems to somewhat stabilise now albeit on a low level. So, hey, let’s take a closer look on how the German economy fared in November 2022:
It doesn’t always have to be “resilience” – a (functioning) battery is already a start
Not only since Corona, but increasingly since then and especially since Russia’s illegal attack on Ukraine, the buzzword “resilience” seems to be omnipresent. An incessant line of events, articles and entire books on this subject often leave the casual observer rather perplexed by the sheer number of steps seemingly necessary to achieve the noble goal of “resilience”. Accordingly, the following article addresses the question which aspects of this concept make sense and which are more likely some sort of consultant’s bullshit bingo.
The German economy in October 2022 – things are never as bad as they seem, hopefully
While the war at the eastern and southern front is (not very much but still) progressing in favour of Ukraine, Russia continued its attacks on civil infrastructure unabated (for regular updates, cf. here, in German). After hope for the German economy was (thus) already in short supply in July (cf. here), everything seemed to be in dire straits in August (here) and despair was brewing in September (here), it might be that things won’t indeed turn out as bad as originally thought, at least some hope came up in the course of the month. But, hey, let’s take a closer look on how the German economy fared in October 2022:
BGH on illiquidity – circumstantial evidence trumps status
In a lively discussed decision of June 28, 2022, the II. Civil Senate of the German Federal Court of Justice (Bundesgerichshof, BGH) ruled that illiquidity within the meaning of § 17 para 2 s. 1 InsO may not (only) be demonstrated by drawing up a liquidity status, but may also be demonstrated by other means.
The German economy in September 2022 – despair is brewing
While the war at the eastern and southern front is still very much progressing in favour of the Ukraine, Russia, under the leadership of Mr. Putin has – seemingly over recognising that a military victory is not feasible – startet to destroy Ukraine’s civil infrastructure (for regular updates, cf. here, in German). Hope was already in short supply in July (cf. here) and everything seemed to be in dire straits in August (here). So, let’s take a closer look on how the German economy fared in September 2022:
From “COVInsAG” to “SanInsKG” – a good choice?
The German government is reacting to the worsening economic crisis (for the current economic situation, see here) and – possibly out of fear of the wave of insolvencies yet to be seen (for the current development of insolvency figures, see here, in German) – is “remodeling” the previous “COVinsAG” (for more details, see here) into … more
The German economy in August 2022 – dire straits?
The war in Ukraine is progressing very nicely – for the Ukraine, for the Russians not so much (for regular updates, cf. here, in German). Despite (or because?) of this development, hope was already in short supply in the last month (cf. here). Now, with our Ukrainian brothers (and sisters) in arms recovering lost ground, we seem to be in dire straits. But hey, let’s take a closer look:
The “RBB-case” or: how is information passed to supervisory bodies?
It is not without a certain irony that, shortly after the German Constitutional Court gave public broadcasters a virtual free pass over private media (BVerfG, decision dated July 20, 2021 – 1 BvR 2756/20, here, in German), the private news portal “Business Insider“, of all places, uncovered numerous possible compliance lapses at the “Rundfunk Berlin-Brandenburg … more
The German economy in July 2022 – hope is in short supply now
The war in Ukraine currently sees a change of initiative – from Russia to Ukraine (for regular updates, cf. here, in German) which seem to validate the optimism Germany’s economy developed already in June 2022 (cf. here). Still, the question is whether this optimism is warranted – which I denied. So, let’s take a closer … more