- Germany’s Economy Minister Sigmar Gabriel has been advising defense manufacturers to diversify as exports to unsavory regimes would be put under increased scrutiny. With a mid-year report he’s delivered on promises to increase transparency and timeliness in disclosing export licenses, but with sales to oppressive regimes in Saudi Arabia and Qatar, Gabriel is still facing criticism [Deutsche Welle] as the number dropped by “only” €700M to €2.2B (i.e. -24% to $2.8B, or about back to 2012 levels).
- Gabriel’s critics from left-wing parties may be in the opposition today, but Gabriel’s center-left SPD will be their natural senior partner in future coalitions. The SPD is governing at the federal level alongside Angela Merkel’s CDU, but recently there’s been talk of a Red-Red-Green coalition in the Thuringia state, all while the new Eurosceptic AfD party made big gains in local elections. European coalition politics are fun! Reuters | The Local | Die Welt [in German].
Continue Reading… »