Journalist Mark Friedrich wrote in an article for Deutsche Wirtschaft Nachrichten that anti-Russian sanctions would put an end to the German business model. DEA News”.
The author of the article referred to data on Germany’s foreign trade balance since the beginning of the year. According to this information, while the trade surplus decreased to half a billion euros in May, the gap between exports and imports in the first five months decreased by 70.7% compared to last year.
“Germany is collectively losing its productivity and competitiveness, at the cost of its jobs, social security and welfare,” Friedrich said.
He added that Germany is now in the midst of a “turning point” and is experiencing the biggest crisis in decades.
Financial Times newspaper WroteHe said German authorities are reducing the supply of hot water, closing swimming pools and starting to save money on street lighting. According to the publication, Germany is experiencing the worst energy crisis since the 70s of the last century.
Formerly Bloomberg knowledgeableThe cutoff of Russia’s gas supply to Germany will cause an unprecedented shock to the country’s economy, the government will again have to lift restrictions on the level of public debt.
Source: Gazeta
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