If Germany doesn’t get its energy supply sorted out, it will have demand destruction until it does.
Unfortunately, ‘demand destruction’ is the (probably permanent) loss of industrial capacity. And bluntly, Germany is not sunny and windy enough to be a wind and solar powered industrial center.
Great points, depends hugely on the extent of the recession they go through. Also the decisions the country makes concerning energy could very well determine their fate going forward.
If Germany doesn’t get its energy supply sorted out, it will have demand destruction until it does.
Unfortunately, ‘demand destruction’ is the (probably permanent) loss of industrial capacity. And bluntly, Germany is not sunny and windy enough to be a wind and solar powered industrial center.
Great points, depends hugely on the extent of the recession they go through. Also the decisions the country makes concerning energy could very well determine their fate going forward.