Once known for its consecutive economic successes, Germany is now the worst-performing developed economy, with expectations of contraction this year.
needed to power factories “painfully damaged the business model of the German economy,” Kullmann told The Associated Press. “We’re in a situation where we’re being strongly affected — damaged — by external factors.”, spurring an energy crisis in the 27-nation bloc that had sourced 40 percent of the fuel from Moscow, the German government asked Evonik to keep its 1960s coal-fired power plant running a few months longer.
These outside shocks have exposed cracks in Germany's foundation that were ignored during years of success, including lagging use of digital technology in government and business and a lengthy process to get badly needed renewableOther dawning realisations: The money that the government readily had on hand came in part because of delays in investing in roads, the rail network and high-speed internet in rural areas.
And relying on Russia to reliably supply gas through the Nord Stream pipelines under the Baltic Sea — built under former Chancellor Angela Merkel and since shut off and damaged amid the war — was belatedly conceded by the government to have been a mistake. A 10 billion-euro electrical line bringing wind power from the breezier north to industry in the south has faced costly delays from political resistance to unsightly above-ground towers. Burying the line means completion in 2028 instead of 2022.
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