Germany, faced with recession, is turning its back on Europe

By Antonis Anzoletou

The “bra de fer” for the energy sector Thursday and Friday will be tough in Brussels. THE imposing a ceiling on the price of natural gaswhich finds the support of 15 countries, will again fall on the table, however white smoke regarding this proposal not expected to come out. The “basket is small” once again and the main reason is that Germany is the country that does not let it grow. Together with the Netherlands, they appeared at the Council of Energy Ministers of the EU. with common text. The largest economic power in Europe and fourth in the world has given examples of writing in the periods of the memorandums. In the last decade, Wolfgang Schäuble he had become the “number one” unloved person in the countries of the south and particularly in Greece. The memories are fresh of the dominant perception that existed in Germany that the over-indebted states that are washed by the Mediterranean must be punished. In 2010, when the ECB had decided to buy bonds from countries facing financial difficulties, Berlin had reacted.

The huge package of 200 billion euros undermines competition in the single market with Berlin clearly showing that it only cares about itself. The numbers speak for themselves, as this program is estimated to be only 100 billion euros less than what the rest of the “27” have allocated. And to this should certainly be added the 100 billion that have already been allocated. In the country that is the steam engine of Europe, the package of 200 billion is called “defensive shield”. They don’t seem to be calculating the risk – according to analysts – that other EU countries will follow this example. What happens; When it comes to the well-being of German businesses, European solidarity goes a long way. Austerity and fiscal discipline only apply to others. This is why Olaf Solz and Emmanuel Macron are out of step with the French president calling for unity and solidarity. And it is a fact that when the two powers of the old continent disagree, a solution can hardly be found.

Apparently they forget in Berlin how much Germany’s industry benefited from Russian natural gas which he has been getting at extremely low prices for many years. Now they are looking for a transition from Moscow knowing full well that the transition to another state will take years. Increasing LNG imports is not a simple matter either, as there are not enough terminals and obviously reducing energy consumption in the public sector cannot be enough either.

Everything has an explanation. The Germans came out of the pandemic and they had counted on the rapid growth of their economy. The coexistence of the governing coalition is not straightforward. The three partners (Social Democrats, Greens and Liberal Party) have poured water into their wine on various issues, but the war in Ukraine requires more consultation. For example, how much more Analena Burbok and Robert Hambeck to turn a blind eye to the use of coal or the extension of operating nuclear plants. Many economic measures do not agree with the partners and their announcement causes tremors and setbacks. THE Central Bank has rung a bell that there are increasing signs of recession in the German economy, while consumption has also decreased due to fear of the coming winter.

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