GERMANY’S ECONOMIC DISEASES

🇩🇪 GERMANY'S ECONOMIC  DISEASES
Once Europe's industrial giant, Germany's economy has shrunk  by 5%,  and Bloomberg Economics  warns that 4% of that  decline could be permanent. 

What's causing this decline? A perfect storm of bad energy bets,  over-regulation and  over-interference from the EU.
Germany has shut down nuclear  power plants, spent €200 billion on  renewable energy and still relies on coal for 40% of its electricity.
Energy bills are  exorbitant, with taxes making up  the bulk of the cost. Meanwhile, EU  policies, such as the ban on petrol cars as part of the 2030 climate  agenda, have weakened  Germany's once-proud auto  industry.
Add to that stifling regulation, and even German ingenuity can't  flourish. Patents pile up, but few  are turned into products.
Politicians insist  that this mess will  be sorted out, but without bold  change, Germany risks trading its  status as a powerhouse for  mediocrity.
Source: Zero Hedge