Germany is descending into chaos – and it will take the rest of the eurozone down with it

MSN ^ | 15 June 2024 | Matthew Lynn

[Rummyfan]

It is now little more than a “developing country”. Its stock market is a “junk shop” selling old tat. And its reputation as a place to do business has “never been so bad’. In the middle of the UK’s dismal election campaign, it would be easy to imagine that Britain was the country under discussion.

But Theodor Weimer, the head of the once mighty Deutsche Börse, was describing his native Germany. And he was absolutely right. After a series of catastrophic policy mistakes by centrist leaders, there is no way back for Germany – and its decline is only going to accelerate from here.

In a speech to Bavarian business leaders delivered back in April, but only made public when it was posted on YouTube this week, Weimer certainly didn’t mince his words. A country that prided itself on its efficiency, that saw itself as the engine of Europe and boasted of its formidable export machine was, as he put it, slipping to third world status.

The coalition government led by Chancellor Olaf Scholz was, he argued, a “catastrophe”, Germany was “economically on the way to becoming a developing country” and “one thing is clear: our reputation in the world has never been so bad“.

[DoodleBob]

Care to fact-check this article?

[PGR88]

The result? When Vlaidimir Putin invaded Ukraine and the gas was turned off, German industry was left with some of the highest energy costs in the world,

And we turned it off for them. Suck it, Fritz!

MSM seems to be attempting some narrative-control....

[Uncle Miltie]

Import the Third World, become the Third World.

[Hattie]

I thought they were talking about our country.

[MtnClimber]

Germany has imported the TURD WORLD which hates white people, Christians and Jews. What could go wrong?

[griffin]

Good.

Best rebuild is accomplished after complete meltdown.

[Salman]

It could be any Western country in the former “Free World”.

[devere]

Just toss the climate-change crisis in the garbage where it belongs and Germany can come back.

[PghBaldy]

"one thing is clear: our reputation in the world has never been so bad“. ... so in 1933-1945, Germany had a good reputation?

[Sirius Lee]

When Vlaidimir Putin invaded Ukraine and the gas was turned off

LOL! There's a load. America blew up the pipeline - an act of war against Germany - no different than sinking a ship full of grain that the krauts were importing.

[MeneMeneTekelUpharsin]

I thought they were talking about our country.

You and me both. We're worse off than Germany, people don't realize it yet.

[j.havenfarm]

Just so. Cut off the self-installed green shackles. Slam the brakes in immigration and they recover well

[ansel12]

You listed MSN as the source for this article, are they?

[Noumenon]

Import the Turd World, become the Turd World. Or is that Scheisse Welt?

[Who is John Galt?]

[marshmallow]

Excellent news.

[ansel12]

The blown gas lines are what were supplying Germany with gas?

[rktman]

Yeah! What the heck? I thought we were less respected. I know joementia is working on it. Well, when he’s not having his dogs attack the secret service folks.

[Don@VB]

>>But Theodor Weimer, the head of the once mighty Deutsche Börse, was describing his native Germany.<<

Kind of ironic their mention of Theodore Weimer in an article about Germany’s demise. It harkens back to the Weimar Republic economic dungheap.