May 31, 2020

Wind Power Canceled: Germany in Economic Trouble

This from Sherri Lange

Germany has fallen.
Just in case anyone is wondering:
- Germany has invested heavily in Industrial wind turbines. All of those contracts will be canceled
- German banks are on the verge of collapse due to investment in Green energy
- German "loans" to other countries in EU will not be paid back.

Germany's Push for Wind Power Encounters Resistance

See also Germany is on the verge of Economic Collapse 2020

According to the economists, the German economy is collapsing and the current instability could lead to the eurorozone collapse.

The GDP has contracted and this has raised a concern among many economists because the country might be headed to an economic disaster. The fate of the German automobile industry remains unknown and if the trend continues, the whole auto industry will be crippled to an extent where it will be impossible to reverse the situation.
The demographic changes in Germany might deny the country a significant amount of manpower and this will just add more problems to the economy. We have too many immigrants who are using a lot of resources without any input to the economy. The country also has a large number of elderly people compared to the young energetic segment of the population who can provide labor to the economy.

Right now the European union has a lot of challenges especially after the exit of Britain from the union and this is threatening the German manufacturing sector whose main market is the members of the European union. There have been many economic challenges and low interest rates introduced by the European central banks have not solved the financial problems. The UK was a very key pillar in the EU and their exit has raised the anti-European union sentiment and this raises the risk that more members will withdraw themselves and this can crumble the EU where Germany has a very big market. This is a big threat to the stability of the German economy and as per now many companies have a pessimistic outlook on the economy. This raises the chances of a economic collapse for the first time since 2013 because we have more indicators suggesting that there might be an economic meltdown in Germany.

Posted by: Timothy Birdnow at 04:31 PM | Comments (4) | Add Comment
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1 The opening stages of the months-long political saga between President Joachim Gauck and Chancellor Angela Merkel showed that they would not be able to resolve their differences in the crucial spring presidential elections, to be held on March 12. It also spelled trouble for the country's renewable energy industry and for the German economy.

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