Why Germany's economic fortunes changed | DW News

[@baronvonjo1929]

There is a lot more to it, but she relied way too heavily on the US for the military. She relied way too heavily on Russia for energy. She relied way too heavily on China as a means to help the German economy. She should have made Germany much more self-sufficient

[@stupidburp]

Lack of vision. The warning signs were there to see.

[@mengreat6982]

How's a Small population and not a big country could be self reliance in every aspects ? Japan can't, France no , not UK, definitely not Japan and S.korea as well

[@zakariah_altibi]

Germany is forbidden from having a strong military Has no abundance of gas like russia Has no slavery like working conditions like china So all in all, you are a genius

[@calc1657]

@@mengreat6982 'more self-sufficient' not completely self-sufficient

[@jfm148]

​​​@@mengreat6982All those countries dependant on politicians and the State as investors when ALL those countries could have relied on their private sectors to be more independent. Guess what, the US rest on the shoulders of great entrepreneurs for almost everything but transport. Everything else is private enterprise. The real problem is their struggle to keep political internal power concentrated in a large burocratic State.

[@thryce82]

Baltic states told them and told them doing deals with Russians was dumb. Americans told them. Became reliant anyways. Instead of solving their issues with nuclear power expansion they are closing them. Wish Germans well and all but this was a pretty huge own goal.

[@Pawel_Mrozek]

Poland also was against. We even tried to block the construction of Nord Stream and for a while we succeeded, but the Germans are stubborn. They decided to program their self-destruction mechanism. And now they want to drag everyone around them to the bottom.

[@ngoyemichel5406]

Baltic States themselves have a huge reserve of oil and some gas, also have smaller economies. The US is the first oil producer in the world but still imports a lot. You could blame her on cutting back in nuclear power, but I remember the hysteria at the time, the push for greener solutions away from nuclear. Environmentalist protesting on the streets. She made the most sensible decisions at the time.

[@buildmotosykletist1987]

@@ngoyemichel5406 : America does import a tiny amount of oil but the export much, much more than they import. Please check your facts before commenting.

[@HuyHTX]

Merklenomic means taking advantage of cheap gas from Russia.

[@miteshghadi3146]

Everyone knows who broke Nordstream

[@abtrtomr]

yup. russian war crimes broke nordstream.

[@user-nh1yb9mk7y]

She could have secured gas elsewhere. Trump offered gas for 300 usd. And he was laughed at.

[@jessefisher1809]

which we all know now... was intended as a weapon.

[@davidotto9216]

And cheap labour in China until Chinese ev car stole German market

[@fjdkfdfjdf33]

Reasons: 1. Dependancy on Russian gas 2. Dependancy on China exports 3. shutting down nuclear power

[@crushnevnikita8575]

nope... the reason is simple you stop the cheap energy from russia, stop turning around the fact...

[@MrNeversweat]

Now that they don't depend on Russian gas but American gas, how powerful are they?

[@BruceJ999]

And tell me which Gas cheaper than Russian one?As for imports they can't do anything since China is a big market and getting out of the Chinese market would be very st*pid since other countries will take that market. As for Nuclear Power Uncle Sam influenced that decision...Germany was doomed from the start

[@crushnevnikita8575]

@@MrNeversweat this is the problem, the production cost is high, making them hard to face their competitor like china, is not about dependancy on china exports but the people prefer to buy goods who have almost same quality but cheaper..

[@gordonnorris4202]

If Germany would have secured their energy independence they could have still manufacture competitive products, at affordable prices and China would not have become such a dangerous competition.

[@chengjung5300]

That's way too cheap for blaming just one person.

[@petersouthernboy6327]

She was calling all the shots. It’s on her.

[@wtfroflffs]

Many, many people voted for her and her policies.

[@petersouthernboy6327]

@@wtfroflffs true. The naive reliance on others.

[@Clarahalfstone77]

@@wtfroflffs and people benefitted from most of her policies. It’s when they break away from her policy, economy started suffering

[@wassdepp1]

Same analysis for Olaf and URSULA please. Will you dare?

[@IloveNongthongbamBirenSingh]

I have this strong belief that if I were to visit a European nation or any nation, I would need legal documents for my journey, respect their native population and not be a headache to anyone. I wonder what could go wrong if I unlawfully cross the border, ask free food, shelter, money and be a nuisance to everyone.

[@gordonnorris4202]

Then don't do it

[@MrTohawk]

If I'm fleeing war and the threat of death, torture and starvation I don't care to stop and think what would be expedient for the people I end up next to. I think about survival

[@thomHD]

Popular sentiment obviously but not very relevant to this video

[@paulmufumbwa]

The real reason is what she's left out😊

[@thomHD]

Germany in particular has long benefited from restrained military spending - Japan and Germany both. This point is understated, but can be stated as a matter of fact (and not to validate Trump). It's no coincidence these two countries are famous for their infrastructure, even if many would rather put it down to national stereotypes.

[@felixalili6289]

Why not validate Donald Trump on this point? While relying on the US for defense with little spending is not new, Trump is the first to seriously demand the Europeans to increase it.

[@RoadstersRegistry]

It has everything to do with Russian cheap oil to Germany

[@DanielPeev02]

Its cheap Russian natural gas (LNG)

[@YN-ot9jk]

Closing nuclear plants was a disastrous decision. Even if Germany still had great relationships with Russia and get cheap gas it would impact diversification of the energy sources and electric grid stability. Also note that gas and oil prices can vary wildly while uranium contracts are usually fixed long-term. That should've been obvious even 15 years ago.

[@MrHJK60]

Of course, she is responsible for everything that is happening in Germany at the moment. Personally, I could never understand why she was given so much support and then allowed to do so for so long, and that there are still people who follow her today. In my opinion, she is one of the most incompetent politicians. Sometimes I think she did it all on purpose to avenge the GDR, because she had a very good life there compared to the population.

[@Kompromist]

The problem are yesterday-people who want to keep the status quo.

[@sph3587]

Easy answer, Yes. Momma Merkle looked at the short view and changed their culture forever with crazy imagration.

[@yifuhood]

nobody is talking about the dependency on the military alliance with United States through NATO

[@seanthe100]

Doesn't make up for the $200 billion trade surplus from the US winch is keeping the lights on.

[@banksiasong]

Russia’s War on Ukraine has troubled the German economy. It previously benefitted from cheap Russian gas, and good demand for its manufacturing sector. They no longer exist to any significant extent.

[@sergiyrospysdiyenko6224]

Germany traded it's national interest and thrived at expense of Eastern Europe

[@Masterrunescapeer]

That's quite demonstrably wrong, most of eastern Europe started seeing jumps in income for the average worker. Poland's economy was largely built up by German investment.

[@JiffyMcpop-ps3he]

WEF lust for war.

[@edc1569]

Germany shouldn’t have built such close connections with Russia?

[@richardgaotama3466]

But could it be truly be blamed on her though? Without hindsight it seems those decisions made sense and was popular. No one could predict with full certaintity things would turn out this way.

[@mengreat6982]

US if you knowing the complete truth

[@halonkin2]

It could totally be blamed on her, those decisions never made sense.

[@patrickgz]

is there a hidden message? she did admit about minsk objective and failure, right?

[@iska788]

Thank you for this honest assessment which is rare in German media.

[@marnig9185]

No,the Old economy breaks itself,no Innovation no future😂

[@jerrycaughman6324]

And you quit nuclear energy why again?

[@6666Naimed]

Europe is doomed...

[@petersouthernboy6327]

It seems that way long term.

[@cavineomondi5487]

No, she could only be a scapegoat in this case. The truth is, sanctions backfired on German economy. But the effects are also felt elsewhere.

[@ahmedosama1457]

Here is a suggestion for germany's goverment if they have the balls to do it ....act in your interest not the US. Have some sovernity for change 😂😂

[@Juniperus_Godegara]

She should be in jail minimum for helping Putin

[@Ratinevo]

Yes, she shut down nuclear energy and took on Russia’s gas, that is what spiralled into this industrial death. Energy is a core economy and industrial driver.

[@Vatnik_tschistilka]

Definetly one of the 3 worst chancellors along with Olaf and Gerd.

[@danabell2709]

It always makes me laugh when lack of public spending is blamed on not borrowing enough. No, revenue should be revenue, not borrowing. If Germany doesn't have enough money for public spending the problem is wasting too much on unimportant things or they are not taxing enough. Borrowing is a temporary fix that requires repayment, it shouldn't be treated like a revenue stream.

[@thetroyzernator]

It shouldn't be seen as revenue, but it can and should be seen as an incredibly cheap capital stock. Which Germany has refused to tap to their great detriment. And now you have the result of decades of underinvestment when borrowing money to invest was basically free and more than paid for itself.

[@Shaddarhim]

Dept doesn't work the same way for countries and the average person. Its close to how dept works for billionaires.

[@someguy3335]

Gouvernement spending is vastly different from private spending. For example: German Gouvernement borrows 1000 € at 2% per year. It spends the Money on new rail infrastructure and it gives the Order to a German company. That company needs to staff the new Project and hires new employees. Those employees get 60€ per year. Now assume the income tax is at ca 30%. The new German workers lead to new income tax revenues of 20€ per year. So basically the new Tax revenues pay for the cost of the loan. So if the Gouvernement invests well it basically has an infinite money glitch. That's what people need to understand. You can't compare Gouvernement spending to private spending, because Gouvernement spending can more or less automatically increase the Gouvernements revenues in many cases.

[@hurtighansen1]

It's not taxiing enough, it's the income of the working class there is collapsed. Taxes from workers drives nations. Taxes from big companies is close to 0 Liberalism is suicide

[@GonzoTehGreat]

If a country has its own sovereign currency, government spending isn't the same as household spending. Also, taxes don't fund govt. spending, which should be obvious, as they're collected afterwards, not beforehand. The purpose of govt spending is to pay for national services, such as the military (defense) and infrastructure (such as the electricity grid, roads, railways etc). In some countries this also includes healthcare, education, pensions and benefits. The purpose of taxes is to remove money from circulation to keep monetary inflation under control. Some of this is money created via govt. spending, but in capitalist economies, much of it is created by the private banking sector, when they make loans.

[@chaoticmoh7091]

It is the fault of Angela that she did not read the mind of her yet to be determined successors and know that they will turn her policies upside down and things becoming bad.

[@Clarahalfstone77]

Exactly!

[@AdHernandez]

She became too prominent for too long, so she came to represent a whole era, which made it inevitable that should would be harshly criticized due to the abrupt end of this era. The period between the 2008 financial crisis and the pandemic was a period of general peace and prosperity, during which she became a representative of political predictability and sanity, specially during the insanity of the trump years. This being said, even at the time she was harshly criticized for nordstream 2, for the arrival of the immigrants, for the excesive austerity imposed on Southern Europe and the shutting off of the nuclear power plants, so it's not like those decisions have not aged well, they were pretty bad from the beginning.

[@MrNeversweat]

How is Germany's economy now that it's finally FREE from russian gas? Thriving, finally Booming, blossoming. Cheap Russian gas was slowing down Germany's economic growth

[@thegreatdane3627]

They should never have relied on russian gas to begin with. Natural gas is not the only source of energy, there are many other options.

[@rcbrascan]

The last topic of the video barely talked about the China trade and that is because China is a positive for Germany and without China, there wouldn't be much economic growth.

[@mimikrya8794]

I'm just curious how German heavy industry will profit from nuclear power?🤔

[@Burgerklauer]

please stop this free advertisement. she deserves something else

[@chasewimpy]

Immigrants post ww2 and modern immigrants are not of the same foundational European culture.

[@Thesecret101-te1lm]

And now countries like Sweden and Norway ends up having to bail out Germany's energy problems. That would be fine if it wouldn't affect the citizens and companies on Sweden and Norway. Although it's more or less said jokingly, in Sweden people suggest "doing a Nordstream" to the transmission cables to Germany.

[@zt3435]

Dare you say anything bad on US?

[@murraycrichton2001]

Sounds like they have got just as many problems as everyone else.

[@nypd8192]

How national economy was based on the never trusted countries? How trust and depend on Russia and China that much? Never considered having second and other option for any case? That's clear and huge failure.

[@conman413]

attempting to help China or Russia in the 90s and 00s was a solution that needed to be explored. the adaptation has proven by those parties to be a effort wasted but not unworthy of trying.

[@niklas_kammertoens]

Interesting perspective to understand the current German situation: Debt is not necessarily only monetary. Programmers in the tech world had figured this out long ago already. They deal with "technical debt" at work (I recommend to Google the term to learn the definition) Germany out of complacency and the love for always keeping the status quo was able to create a huge debt for almost every core government function - the only thing mostly untouched and non critical is monetary debt because of the Schuldenbremse Current situation: Security debt, energy debt, education debt, infrastructure debt, transportation debt, pension system debt, ... It's a complete mismanagement and absolutely unsustainable long term

[@Clarahalfstone77]

If she was there, I believe Germany wouldn’t have this decline.

[@Bhethar]

Doing deals with Russia was incredibly selfish. And now Germany paid the price to ignore Russia’s victims for cheap gas

[@thetroyzernator]

She didn't fundamentally do anything different to any of the other great power leaders during the end of history/era of globalism. She was just around longer and had her name tagged on more policies that most countries were doing. Where Germany differed was how much more reliant it was on globalism.

[@petersouthernboy6327]

She was a practitioner of very selective “globalism” that was naive and put Germany in a very vulnerable position

[@CastorTroy966]

If her policy of not expanding NATO eastward was to be continued, there would not have been a war in Ukraine. Closing buckets plants and accepting unlimited immigrants was less wise

[@dirkhouben9960]

What? You're already stealing Olaf's legacy? He's not even gone yet. Ruining Germany was at least something he managed all by himself allthough Annalena did do her bit.

[@Masterrunescapeer]

Interesting how CDU is again arguing pro-nuclear if just fixing transmission is one of the main issues of why there's power imbalance north/south causing such high prices. Building/reactivation nuclear would take a decade at least, by then this issue should already have been solved by renewable/proper grid infrastructure. Nuclear is also the most expensive form of power, so doesn't make sense. Again, this is CDU we're talking about, somehow always two decades behind.

[@jayantdhole]

I mean its so simple you are a manufacturing based country and how can you increase electricity which is the foundation for any manufacturing industry. So simple

[@mingouczjcz3800]

Looks more like a blame game. In her reign, she seems balancing every fronts well and both germany economy and international standing noticably rised, but,when ola took over, everything he touched becomes off-balanced and Germany became sick of everything, including its international image. No one is perfect, but the traffic light government is too off off off what's expected. As to trade with China, almost all major German industries, especially German automakers, had big exposure in China and they are at the front line to sense what's going on in China. But it turned out they all miserably missed the trend of what's happening there, so Merkle government was obviously not well informed by these industries, so now German media blames her for failing to formulate the right industry policy?

[@joem0088]

There was nothing wrong with buying Russia gas and NS 1 and 2. The pipeline was blown up by the US (that or Ukraine). Nobody is accusing Russia of having blown it up any more. NS-1 still has 1 (out of 2) functional pipeline. It is Scholz decision not to use it. In the long Germany's closing door to Russia means lost of resource access and lost of Russian markets. You'll suffer the consequences.

[@RationalAUS]

Well it could have something to do with the quality of German cars.

[@Clarahalfstone77]

We have great cars. It just became too expensive to make them

[@robhappe2705]

She should have listened to Trump!

[@BruceJ999]

And brought Expensive US gas?how do you expect them to compete with industries who have access to cheap Gas??No wonder those Chinese are taking every industry

[@Eli-pj8xm]

@@BruceJ999 Is that what you heard? Haven't you heard about the cheap, environmentally friendly nuclear power which previously accounted for 25% of the German power mix now gone down to zero?

[@robhappe2705]

@ Chinese companies do not run on gas but on subsidies. She should have abandoned China long ago!

[@matthewbaynham6286]

What great words from Trump are you referring to? Perhaps when Trump said "Woman, man, camera, TV", are these the things she should have listened to?

[@ddoppster]

@@matthewbaynham6286 Still his moment of great pride, lolol

[@someguy3335]

People need to understand that Gouvernement spending is vastly different from private spending. For example: German Gouvernement borrows 1000 € at 2% per year. It spends the Money on new rail infrastructure and it gives the Order to a German company. That company needs to staff the new Project and hires new employees. Those employees get 60€ per year. Now assume the income tax is at ca 30%. The new German workers lead to new income tax revenues of 20€ per year. So basically the new Tax revenues pay for the cost of the loan. So if the Gouvernement invests well it basically has an infinite money glitch. You can't compare Gouvernement spending to private spending, because Gouvernement spending can more or less automatically increase the Gouvernements revenues in many cases.

[@urbansenicar81]

"So if the Gouvernement invests well it basically has an infinite money glitch." ... Anyone can have infinite money glitch, if one invests well.

[@someguy3335]

@urbansenicar81 Well Sure, but for Gouvernements its much easier than for everybody else

[@Vatnik_tschistilka]

That's how it worked under Eisenhower, when 1 invested Dollar created 4 Dollars of growth. Today Not so much . Germany could Take on a 50 Billion loan, but what would be the resulting growth? 1% of GDP? That's 40billlion.

[@someguy3335]

@@Vatnik_tschistilka you don't need crazy growth for these Investments to make sense. You just need enough growth to cover the additional loan cost. In your example if you take on dept of 50 billion at 2% you need to increase your revenues by more than 1 billion annually for it to make economic sense. Depending on the Tax Level that's achievable with a lot less Money than 40 billion. Probably less than 10 billion. Also don't forget: apart from Money issues you also get the new infrastructure (or something else) you paid for

[@pseudovictim]

Next: Ursuala von der Leyen.

[@Anna-g8w8y]

Ihre Videos sind immer so informativ und aufschlussreich! Vielen Dank für dieses Video! 💞✨

[@aexistentic]

NachtschIampe

[@Kartoffelsuppe_m_Wursteinlage]

Gib' uns lieber ein Rezept für Käsekuchen.

[@Peter-p7n5b]

I REMEMBER NEWSPAPER AUSTERITY PROGRAM

[@paulmufumbwa]

Everything to blame except the elephant in the room....US

[@petersouthernboy6327]

Ahhh…. Your easy scapegoat. No accountability.

[@edc1569]

What did the US do? Brought too many German cars?

[@Clarahalfstone77]

@@edc1569expanding NATO until their door step and supported Ukraine to join NATO. This war is on Biden

[@Pawel_Mrozek]

For what? For buying their stuff and paying for own bases in Germany? XD

[@halonkin2]

Dumbest comment on the internet

[@KR-rs3vn]

Do we have to have musak in the background to this report?

[@sam-zi3lg]

You missed out the us pulling out their bases.dont know how much that contributed

[@_ac_7649]

Should be in prison

[@jerrycaughman6324]

But I thought those millions of cheap workers were going to power Germany into the next century. They couldn’t be having a detrimental effect could they….

[@wj82liz]

Come on... Her departure is the reason of Germany economy decline not vice versa... As long as Germany follows US policy without its own interest focus, the decline is inevitable ...

[@petersouthernboy6327]

Ahhh… the easy scapegoat. Avoid accountability and self-determination.

[@halonkin2]

😂😂😂, another blind fanboy

[@dragonhero14]

wow, what a twist.... It's somehow always the US's fault. People blame Brexit on the US when Obama's admin warned them about the potential consequences and strongly urged them to not proceed with it. Germany was warned multiple times about being over reliant on Russian fuel and Chinese parts manufacturing. Not just by the US, but by many Baltic nations. The US also was shocked that Germany would take such an aggressive stance against nuclear power when it was providing 25% of their total firm power. These moves were all for Germany's choice and interest. None of them benefited the US and actively ignored what the US was suggesting.

[@vaansolidor]

She was optimistic about the future, the US had other plans.

[@maneshipocrates2264]

CDU 16 years of complete dependence on Russian oil. Look at us. Those austerities. Unplanned immigration.

[@udaydutta8308]

Markel is a great women , we Indian women love her

[@Bill-s3v5e]

How much money is given to 🇺🇦 ukraine that money could have been used to stabilise the economy, how much money is used on immigration all this could have been prevented

[@halonkin2]

😂😂😂, dumbest comment on the internet

[@maikelh5718]

Wir schaffen das NICHT

[@TRexOne]

0 to 0 is not a steady economic growth (0:29) - at least don't show me the diagram if you gonna lie to me.

[@hand587]

During her time in office it rose. Then came the pandemic and then she was out of office. It's not a lie, it's right in front of you

[@MAKAKA2024-b7y]

We probably must come back to Russia

[@randypatungan2525]

Her way is two

[@nnaemekaemmanuel571]

No. It started in Ukraine 2022😂😂

[@Shaddarhim]

No it started when Ruzzia invaded Ukraine in 2014 and noone did anything to stop Putin so he just continued his imperialistic conquest.

[@imcbocian]

2008 Georgia

[@jackbleiham8475]

​@Shadd2arhim : 2014 coup d'etat in Kiev

[@zaidaldoori5766]

She left a valuable advice to Europe. Don’t fight Russia. She made sure no war happened when she was ruling ensured Eastern European counties chill about the lust for war

[@distrologic2925]

First female chancellor in history 😅 Woke Theory is wrong

[@sravibhaskar]

Finally the always fawning always praising channel is questioning the leader..

[@xandr13]

Short answer is YES.

[@gaprak1]

Wow Germany is a indipendent country? When there media is reporting right moves as wrong. Why a country wont buy anything cheap ?

[@cfwin1776]

Germany is expecting a bailout from Joe Biden for being such a good minion.

[@LiF-y3c]

The big issue with the German government ignoring issues with irregular migration is that the people obviously don't. Inevitably these problems were going to surface in German politics, and rather than addressing them, they just ceded these issues to parties like the AfD to bolster their political support.

[@alfonso5462]

Yes high energy prices 90%and the rest you mentined abaut 10% ,but you still talk Like it's all contributing the same.Angela was a smart women.

[@halonkin2]

😂😂😂 she was pretty smart for special ed

[@lanas5488]

If only she can be a time traveler. 😉

[@urbansenicar81]

She must be Chuck Norris still running everything even after her retirement.

[@Kartoffelsuppe_m_Wursteinlage]

Man sollte DW einfach auflösen.

[@firstpostcommenter8078]

Maybe UK should help

[@Vatnik_tschistilka]

In short. In all the mentioned four Points she failed and failed miserably

[@jackbleiham8475]

As an outsider, observing the German economy during her time in office Germany was the envy of Europe.

[@fahmad7194]

No, silly. Olaf did 🤐

[@zacharyrichard2764]

When the debt break ruling came in it was like oh no

[@parslowpongbert1566]

I think most of the world’s problems root in poot in.

[@vsevolodsalnikov6332]

Is he also guilty of the war in Iraq, where the Americans committed war crimes? And of the bombing of a train and the Chinese embassy in Serbia by NATO forces? Please help, I don't understand why if the US and Europeans commit war crimes, then Put in is guilty?😮

[@suspiciousafternoon]

I don't understand how everyone all of a sudden potrays her as one of the best chancellors in Germany ever. It's wild

[@jackbleiham8475]

Not DW

[@Clarahalfstone77]

While she was in office, Germany had the best economy. People were hopeful and happy. Well we all know what happened when Olaf is in office😅

[@p382742937423y4]

In one word: yes!

[@renekuipers4563]

German Debt .shame on you ..

[@MaxTheLazyCat]

shutting down nuclear power plants is literally the most idiotic and panicky decision.

[@donparsons1237]

Murckal gave away billions of tax payers dollars because she knows nothing about money. Germany will go broke thanks to her irresponsible spending 😂

[@criztaliz3413]

Ask the Pipe, they know it😁😁

[@kirilmickovski3543]

She did mess up three generations with lack of investment, not only in germany but Europe also.

[@freespiritable]

Yes.

[@jundi56958]

Remember next not to ignore her defense spending that sank to less than 1.5%. Less that what the Versailles agreement.

[@Vatnik_tschistilka]

The Versailles Agreement Set a Limit of 30k Personal, which is significantly less then 1.5%.

[@Ali01007]

Simply YES

[@VA-zq7ii]

.