This has been going on for a long time, Germany has always had uncompetitive energy rates. This has helped create a dispersion of manufacturing, which really is nothing new.
This is a crisis, for now, but the policies that led to this have been baked in for decades. The worst of it was the “green” replacement of coal and nuke. And it was to be replaced by whimsical “renewables”, and Russian gas.
A more idiotic policy cannot be imagined. The Germans are prone to romantic, fantastical thinking. Its a bit odd to think that a people given to such precise engineering standards and craftsmanship have such a bizarre weakness, but there we are.
You don’t have to be a genius to see that hat following the direction of a mildly retarded teenage girl from Sweden is a bad idea.
Yes. The Germans have always been given to idealism and have always had this romantic and nature worshipping strain.
On the one hand they can be so incredibly anal and precise nd calculate everything so well......then they put all that modern precision and excellence in the service of something utterly idiotic.
Then they fall on their faces and have to be completely practical while they rebuild themselves from the ground up. Then once they have done that and are wealthy, they start the cycle all over again.