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Change is imperative in Germany

May 03, 2024

Recall the pivotal ‘whatever it takes’ moment of 2012, when Draghi fought to preserve the EURO amidst the Euro crisis. Fast forward 12 years, and Germany, once an economic powerhouse, is now trailing behind the PIGS countries in growth, resembling a lame duck. What led to this decline? It’s a mix of structural hurdles, innovation stagnation in manufacturing (think chemicals, automotive), a botched energy transition, Chinese competition, and strict financial austerity while others spent freely. Change is imperative.

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