Europe's Engine Seriously Sputters ... Before VW Scandal

[cieldumort]

German exports and imports fell even further in August, and in case you were wondering, this was during the month prior to the start of the Fartandlyin scandal that is stinking it to Germany's entire automotive industry right now.

From The Irish Times

German exports fall at fastest pace since financial crisis
Exports and imports post steepest

Comments

[ext_3488948]

Very interesting! So it isn't just us? Not good news for the Germans.

[cieldumort]

Ironically, they are being the most open with the poor Syrian refugees, who -simply do not have the advanced skills- needed to fill the jobs Germany needs filled. If they are allowed de fact citizenship, I would be shocked not to see Germany's official unemployment rate spike as they try to absorb this giant influx of unemployed people into an already soft economy. Sad.