As to the parallels, we were legal residents in Germany until my wife's retirement. From Merkel's "wir schaffen es" to her conclusion that German attempts to prove multiculturalism a success failed, and that was only a few years' time out of her sixteen. The myth of free money will linger awhile, as Germans have traditionally saved. Even the local press started calling saving "hoarding money." The political class has the "bear in a hug" and wants to know what to do, but is unable to see their complicity. So as Schäuble said, "revolution." It's being delivered slowly but surely.
Given your about page shows an EU flag, we send "stay safe" wishes to you.
Thank you for the well written reply and best wishes to you and family as well.
The flag though is that of my state, Indiana.