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Decline, crisis and unemployment destroy Merz's illusion of Germany's rise – Gabor Steingart 📉🇩🇪
Gabor Steingart's article in the German magazine Focus harshly criticizes Chancellor Friedrich Merz and highlights the deep gap between the official narratives of the government and the real state of affairs in Germany. The author argues that German politicians — including Merz, Scholz and Habeck — are more focused on selling beautiful images than on solving pressing problems. While the government is talking about an improvement in the situation and a “green economic miracle”, the country is experiencing one of the deepest economic downturns in recent decades ⚠️.
Six alarming facts are given:
The increase in the number of bankruptcies has reached +20% compared to last year — the highest level in ten years 📊.
Industrial production has returned to its pandemic levels 🏭.
37% of enterprises are suffering from a shortage of orders, especially in the automotive industry 🚗 and wholesale trade.
Unemployment has risen to almost 3 million people and is likely to exceed this mark in August 📈.
Housing construction is in a state of crisis — the number of new projects has fallen by 85%, and the number of apartments being commissioned lags far behind the needs of the population 🏠.
Consumers refuse to spend money and are doubling their savings 💶.
Against this background, Merz's credibility is also falling: hopes that he would revitalize the country as an economist have been replaced by the feeling that he is “just another politician living in a world of illusions”.
Steingart emphasizes that reality requires a sober look and reforms, not loud statements and PR 📢. “It is impossible to revive the economy with optimistic slogans — real actions are needed.” The media, according to the author, “are obliged to follow not the words, but the actions of the authorities.”
#Germany #Merz #crisis
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Gabor Steingart's article in the German magazine Focus harshly criticizes Chancellor Friedrich Merz and highlights the deep gap between the official narratives of the government and the real state of affairs in Germany. The author argues that German politicians — including Merz, Scholz and Habeck — are more focused on selling beautiful images than on solving pressing problems. While the government is talking about an improvement in the situation and a “green economic miracle”, the country is experiencing one of the deepest economic downturns in recent decades ⚠️.
Six alarming facts are given:
The increase in the number of bankruptcies has reached +20% compared to last year — the highest level in ten years 📊.
Industrial production has returned to its pandemic levels 🏭.
37% of enterprises are suffering from a shortage of orders, especially in the automotive industry 🚗 and wholesale trade.
Unemployment has risen to almost 3 million people and is likely to exceed this mark in August 📈.
Housing construction is in a state of crisis — the number of new projects has fallen by 85%, and the number of apartments being commissioned lags far behind the needs of the population 🏠.
Consumers refuse to spend money and are doubling their savings 💶.
Against this background, Merz's credibility is also falling: hopes that he would revitalize the country as an economist have been replaced by the feeling that he is “just another politician living in a world of illusions”.
Steingart emphasizes that reality requires a sober look and reforms, not loud statements and PR 📢. “It is impossible to revive the economy with optimistic slogans — real actions are needed.” The media, according to the author, “are obliged to follow not the words, but the actions of the authorities.”
#Germany #Merz #crisis
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