Germany's obsession with avoiding fresh debt has led to an infrastructure backlog and doubts about its energy transition. But Berlin has devised a novel mechanism for its hydrogen strategy that could become a blueprint.
The German government's annual economic report is bleak. Any hopes that things might pick up again in 2024 have vanished into thin air. Companies and citizens are feeling uneasy.
Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz s coalition bickering over how to change course.
Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.The German economy, Europe's largest and traditionally a driver of eurozone growth, is being buffeted by "a perfect storm", Economy Minister Robert Habeck said earlier this month.