Is the German Economic Model 'Kaput'? - Good Times Bad Times (The 20s Report)

Germany always wanted to have everything
writes former Financial Times Deutseland
editorinchief Volvank Muncho that is
transatlantic alliance with the US for
protection and security in Europe the EU
single market for preferential export
conditions for its industry and
additionally special relations with
Russia and China which were supposed to
provide cheap energy and huge sales
market
respectively This plan worked for years
until it stopped There were many signals
that worse times are coming but the
oified neo mercantalist German corporate
systematically refused to correct course
Today the German economic locomotive has
less and less steam with each kilometer
There are many reasons for this state of
affairs but three are usually mentioned
First energy Cheap Russian gas was for
years the foundation of German industry
But the war in Ukraine the sabotage of
Nordstream and sanctions cut off this
flow The tap was turned off Today Berlin
pays more for energy than ever before
And this hits German
competitiveness Second China a new
industrial power Chinese products are
displacing German ones from successive
industries First photovoltaics and wind
turbines now
automotive And third the crisis in the
auto sector The automotive industry is
the crown jewel of the Federal Republic
of Germany But an economy based on a
single pillar easily falters when that
pillar begins to crack Today the
automotive industry is experiencing
enormous turbulence due to the emergence
of new wave of electric cars from China
However does this diagnosis of the
German disease end with these three
problems are we dealing merely with a
temporary slowdown or do the structural
problems run much deeper and
consequently is the German economic
model coming to an end welcome to the
20's report.