In just 200 days as chancellor Olaf Scholz has broken what his predecessors Gerhard Schroeder and Angela Merkel had been building for thirty years. The German economy has collapsed like a card tower. Terrifying statistics on the reduction of the GDP, industrial production, a drop in real incomes and a raging inflation will be released this autumn. The country is falling into a structural crisis.
Germany benefited most from the collapse of the Soviet Union. Not only was it able to restore unity – the unification of the East and West Germany gave the strongest impetus to the consolidation of Europe and the economic expansion of Germany into Western Europe, as well as into China which was buying a lot of machinery and equipment.
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