For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports.
Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany.
No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.
That’s easy, Merkel left
Hell no. She left a legacy of Ostpolitik, Nordstream 1 & 2, replacing nuclear power with brown coal power plants and green washing ‘natural gas’.
All simply enormous failures.
Can’t say Schultz is much better, but then again, that’s why we’re reading these kinds of articles.
Merkel’s policies are part of the reason Germany is slowing down… Particularly her energy policy has been very poor.