PREVIOUS INSTALLMENT: Situation in Europe - November: Part One
SURVIVAL LILLY
https://youtu.be/wma2JjUHU08
VIDEO EXCERPTS: Let's start with some news from Germany. They now want to increase the property tax by 75%. Tax increase is something that we are seeing very often here in Europe.
That's because most of the countries have a lot of debt from the pandemic and because of the war in Ukraine.
Big companies like Audi and Volkswagen are in real trouble. They are not selling a lot of cars because people don't have money to purchase new cars anymore. So the industry is suffering, and of course that means that the government has less taxes.
Finally, they are now admitting that we are in a recession. [...] So because people are spending less money, the government has less sales tax, and this is why they want to increase property taxes, because the property tax you always have to pay.
[...] So actually the government is making it worse by increasing taxes in a recession.
[...] Donald Trump has won the election, and what happened then in Germany was really interesting. Because two days after the election, the Coalition in Germany has broken apart. Then the Germans said that they want to make a new election...
[...] In November, we had a really dark period where there was no sun, only clouds, and no wind. So because of this, we had a high electricity demand, but all the solar panels and wind turbines could not make enough electricity. As a result, the electricity price was 10 times what it usually is. Who is going to pay for that? It's the consumers [...] companies need electricity and in the end the cost will be passed on to the products, they will get more expensive...
Situation in Europe - November (Part 2)
https://www.youtube-nocookie.com/embed/wma2JjUHU08
SURVIVAL LILLY
https://youtu.be/wma2JjUHU08
VIDEO EXCERPTS: Let's start with some news from Germany. They now want to increase the property tax by 75%. Tax increase is something that we are seeing very often here in Europe.
That's because most of the countries have a lot of debt from the pandemic and because of the war in Ukraine.
Big companies like Audi and Volkswagen are in real trouble. They are not selling a lot of cars because people don't have money to purchase new cars anymore. So the industry is suffering, and of course that means that the government has less taxes.
Finally, they are now admitting that we are in a recession. [...] So because people are spending less money, the government has less sales tax, and this is why they want to increase property taxes, because the property tax you always have to pay.
[...] So actually the government is making it worse by increasing taxes in a recession.
[...] Donald Trump has won the election, and what happened then in Germany was really interesting. Because two days after the election, the Coalition in Germany has broken apart. Then the Germans said that they want to make a new election...
[...] In November, we had a really dark period where there was no sun, only clouds, and no wind. So because of this, we had a high electricity demand, but all the solar panels and wind turbines could not make enough electricity. As a result, the electricity price was 10 times what it usually is. Who is going to pay for that? It's the consumers [...] companies need electricity and in the end the cost will be passed on to the products, they will get more expensive...
Situation in Europe - November (Part 2)