If further evidence is needed to support Nomura analysts' view that Europe's 18-month election cycle, which is kicking off now, will accelerate the continent's shift toward potential right-wing political victories, look beyond years of nation-killing mass migration under progressive governments. The real-time deindustrialization of Europe, or the death of Europe, particularly in Germany, is quickly eroding the left-wing establishment's popularity and providing much-needed momentum to the right-wing Alternative for Germany party.
The latest horror story emerging from Germany, Europe's top economic engine, is a warning from Volkswagen Group labor representatives that the struggling automaker could ultimately eliminate as many as 140,000 jobs.
VW CEO Oliver Blume and VW brand chief Thomas Schäfer will unveil a turnaround plan for the automaker later today that will detail workforce reductions and the potential shutdown of some production lines.
We first previewed the incoming announcement over the weekend:
Volkswagen is Germany's largest manufacturer by revenue, and the warning of massive job cuts underscores the deepening crisis inside the country's industrial core. VW's earnin
