4 ms·
If you end up paying multiple times more for energy than you were a couple of years back, it's natural that exports are lower and imports are higher. That mea
by simonblack 3y ago
If you end up paying multiple times more for energy than you were a couple of years back, it's natural that exports are lower and imports are higher.
That means de-industrialisation of the country in a major way, because there's no way you can remain competitive on the world stage.
Germany was the major bread-winner and subsidiser for the whole of the EU, so it's not really that 'Germany is the sick man of Europe', it's more that 'Europe is the sick man of the West'.