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41 sats \ 13 replies \ @TomK OP 30 Jul \ parent \ on: Texas Manufacturing Slump Deepens in July econ
Austria is like a slightly more conservative version of German politics and economics.
They dont have any energy problems?
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no, Austria, for example, continues to import Russian gas without any problems. it has not stepped onto the slippery slope on which Germany has fallen.
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They are going slower and more carefully.
They dont want to be trapped like Germany.
Do they have any green energy initiatives started?
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yes, like all members of the European Union, Austria is also part of the gigantic green subsidy machine that is destroying our economy on the continent. this brings subsidies in the short term and higher energy prices for consumers and industry in the long term, thus damaging the economy.
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Germany is suffering disproportionately from immigration into its social system. Added to this is the shock of the phase-out of nuclear energy, an exaggerated application of the eu climate rules and its dependence on the automotive sector, which is hit hardest by these climate rules. in addition, there are shocks on the energy market that have a different effect in Germany than in Austria, for example the new heating law and similar regulations