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By 2030, the German gov. wants to have installed 115GW onshore + 30GW offshore wind energy capacity. Lots of laws, procedures, and at some places: mentalities, have to be changed to make that happen.

"Die Vorzeichen waren Mitte der Siebzigerjahre also genau umgekehrt: Während Russland heute das Problem ist, sollte die Sowjetunion damals der Bundesrepublik helfen, sich aus der Abhängigkeit von den arabischen Ölscheichs zu befreien."

Ouch. And after Sunday's election (provided the widely expected result), an embargo on Russian oil and gas might become more realistic.

Two rate hikes in Central Europe today: +75bp in CZE and POL. Inflation > 10% in both countries

Das wird Fans des ⚽️ VfL Bochum ⚽️ freuen: Sortiert man die Bundesliga-Tabelle nach Effizienz, also Personalaufwand pro Bundesligapunkt, ist #Bochum deutscher Meister 👍🏼 und Bayern & BVB steigen ab.😲 (FAS)

The Russian data will show the slowdown with a delay, and a lot of imports will be substituted. In the export data to Russia, the new reality starts to appear.

Moscow 1991 / Moscow 2022

German #manufacturing production (slightly down m/m in April) is hovering aroung 2010 levels, dragged down by capital goods, esp. motor vehicles

Just starting to prepare a course in Development Economics @StudyAbroadDIS. Data is always a good starting point, raising lots of questions to make students think and talk.

"Big" rate hikes can also be 125bp, as in the Czech Republic today, where inflation runs at 16%.

He can, it seems, as only one of the four Russias is opposing him. Very insightful read. Can Putin Survive? foreignaffairs.com/articles/russi… via Foreign Affairs

Brilliant chart imo here from Macrobond's weekly chart set. Clear, simple, relevant #equities #rates #monetaryPolicy

5.

MNB has just hiked rates by 185 bp, with core inflation at 9%. Yes, the Euro area is different, but ECB just +25bp in July looks a bit out of touch

Na dann ist ja alles wieder gut🤦‍♂️

RIP Uwe Seeler. One of Germany’s all-time great strikers. Here he is breaking English hearts in Mexico, 1970. #UweSeeler #hsv #dfb m.youtube.com/watch?v=ulqsrM…

One size doesn’t fit all, but it has to (Otmar Issing) #ECB #HICP #inflation

Europe’s rivers and canals convey more than 1 ton of freight annually for each EU resident and contribute around $80 billion to the region’s economy just as a mode of transport. The 2022 #drought is stark evidence of how far behind we are on climate change adaptation.

Economy in crisis, Tories in meltdown: how I have told the sad, strange story of Britain | Stryker McGuire theguardian.com/commentisfree/…

One of the reasons to not leave Twitter, possibly