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One could reasonably have expected much worse than "just" automotive and energy intensive sectors in crisis in Germany. The Russian invasion of Ukraine. The Tr
by markvdb 5mo ago
One could reasonably have expected much worse than "just" automotive and energy intensive sectors in crisis in Germany.
The Russian invasion of Ukraine. The Trump administration actively shrinking the economic cake worldwide. Its active economic and cultural warfare against Europe. Nothing to sneeze at.
Germany and by extension the EU have shown remarkable resilience for now. The question what will happen next should an actual crisis follow. Don't be surprised should Europe further integrate its capital markets and defense to some extent.
- NordStreamYacht 5mo agoYou forgot about the energy crisis: Nord Stream for one.
- bestham 5mo agoThat is just a side effect of Russia attacking Ukraine.
- NordStreamYacht 5mo agoThat's the part which I don't understand: so what? Let them duke it out, why would you passively destroy your own country?
- whizzter 5mo agoCarmakers in Germany has a bit of blame for not moving quickly enough, but China hogging materials doesn't help. The chemical sector hit though feels more self-inflicted by the government that closed down nuclear plants to rely on Russian gas. The annoying part (Nordstream unrelated) is that they didn't see it fit to put a brake on the nuclear decomissioning already in 2014 when Russia invaded Ukraine first.
- PurpleRamen 5mo agoDefine quickly. The problems are known for 10+ years, the calling is around for even longer. Germany car-industry has been stagnating for decades, rotting through the system even today, years after all those crises have starting killing it.