Euro area investor confidence dropped sharply in June, led by the "problem-child" Germany that already entered a technical recession in the first quarter, as fears of a severe economic downturn intensified, results of the latest survey by the behavioral research institute Sentix showed Monday.
Germany’s GDP fell .3 per cent in the first quarter of 2023 following a .5 per cent decline in the last quarter of 2022. Though Chancellor Olaf Scholz described the outlook for the economy as ‘very good’ experts say this is a rude awakening for the country and the entire continent
On February 7 Professor of Economics Michael Hudson explained why America’s Real Adversaries Are Its European and Other Allies: What worries American diplomats is that Germany, other NATO nations [.]