Economist Marcel Fratzscher says it is high time for the German government to be more honest about the necessary reforms and cuts. Projections for German growth are down to 0.5 % this year. The recent energy price crisis due to the war in the Middle East is hampering recovery. A measure such as a rebate on gas "is extremely poor policy", according to the president of the German Institute for Economic Research.
Chapters:
0:00 Germany’s Economy Hit by War‑Driven Energy Prices
1:07 Is Germany Heading for Recession?
2:23 Public Debt and “Special Funds”: Can Government Spending Save Growth?
3:47 Energy Crisis Politics: Why Germany’s Government Looks Divided
5:40 Populism on the Rise: How Economic Fear Fuels the AfD
7:21 Germany’s Structural Economic Problems: Reforms Long Overdue
8:49 Why a Weak Germany Is Dragging Down Europe — But Not the World
14:15 A Way Out of the Crisis? Renewables, Energy Saving and EU Cooperation
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