For Scholz, the recession is the sign of a deeper crisis than the German model

The causes and effects of the German difficulties are today very different and more worrying than those of twenty years ago. They are linked above all to the shock caused by the end of the illusions about the transformative virtues of Ostpolitik. Putin’s war canceled them, putting the very foundations of Modell Deutschland in crisis

It is very likely that the autumn forecasts, presented yesterday by the European Commission, on the trend of the European economy will cause in Italy a wave of what the Germans call schadenfreude, or a malicious joy for the troubles of others. Because after having been the historic locomotive of the community convoy, today Germany is looming as its rear end, which is the place often occupied by our country. The dropping point of the Brussels technicians report is on a map of Europe where all the orange-colored countries have zero or higher growth and only one darker colored one has zero or less growth. That country is there Germanythat in 2023 it will record a fall in GDP of 0.6 per cent, against plus 0.3 for the Union and plus 0.5 (listen, listen) for Italy. The better performance of financial indicators, recorded despite the energy crisis, inflation and geopolitical upheavals, does not console the Germans.