AP News wonders why green Germany’s economy is in such bad shape, and blames high energy prices due to the war in Ukraine.
“Germany risks “deindustrialization” as high energy costs and government inaction on other chronic problems threaten to send new factories and high-paying jobs elsewhere, said Christian Kullmann, CEO of major German chemical company Evonik Industries AG.”
Germany went from envy of the world to the worst-performing major developed economy. What happened?
No mention of Germany’s green energy policies or the US blowing up their gas pipeline.
Germany hails EU deal on renewable energy raising target for 2030 to 45% | AP News
