What's the future for the German economy? | CNBC Reports
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- Опубликовано: 18 сен 2024
- Germany has the largest economy in Europe, but the pandemic has exacerbated its weaknesses, with GDP expected to fall by 7% this year. CNBC's Silvia Amaro looks at the challenges that lie ahead for the country.
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#CNBC #Economy #Germany
Them: if we film against walls and just show a little street none can tell we aren't in Germany.
Everyone in Europe: why did she film this in England?
Interesting to see how a US reporter walking a street in the UK delivers insights from Germany by emphasising the weaknesses of Germany while ignoring mostly the point that the country still is getting better along with the global crisis than most major economies worldwide and any country in the EU.
It's not imposing it is a different situation then reporting from a Studio in Atlanta. She just went outside.
Is there a global crisis other than Corona going on ? Maybe I confirm you are right, by not noticing any crisis.
Some single economies like Italy and Greece made too much debt, but that's nothing global.
Dude, this isnt about who is worse off.
One thing is certain, Germany can weather this crisis much better than U.S
oof, but yea lol
I don’t know about this, the German and American economies have a history of being relatively strong, but looking at the data of the 2008 recession Germany shrank about 5 percent and recovered much more slowly than the US. The US shrank about 4.2 percent and like I said recovered relatively quickly compared to most of Europe.
But this recession is unlike anything we’ve seen before but unlike Germany the U.S.’s largest companies are giant tech firms that have a resilience to the lockdowns.
@@DanielPennybaker That is nonsense. The GDP dropped 6 %, but grew 4,2 the next year. In 2010, the effect was erased. Oh, and thank you for this US-driven recession, caused by Lehmann & Co.
@@DanielPennybaker The US and European economies are hard to compare because the European welfare systems have far more capital bound in them than the US. The result is the US is far more dynamic, however the impact on people is far worse than in most European countries where those years are shitty, too, but people do not fear for their health and become utterly impoverished overnight.
In short: US hires and fires fast, germany and other countries do not hire and fire as fast but cause less disruption to people's life => economic rebound is faster for the US, but it needs to be because it will have immediate impact on society as people rely far more on their private savings to survive through such a crisis.
german economy is in deep shit due to political incompetence...
When (we) Germans start complaining about something, a US-American would still state they are the best country in that specific topic.
Thats how we are. Never satisfied. Immer Luft nach oben!
Who knew we're THAT sensitive! lmao That is called "journalism" kiddos, a foreign perspective, don't go and tell mom. #)
Oh mein Gott ja. Wir sind einfach nie wirklich zufrieden und haben immer was zu meckern , aber ich glaube das ist gut für Innovationen und Entwicklungen.
@@chrissie9117 the more time passes after the third reich crap, the more pride i see in germans. It's low key but it's there and growing. It's good to balance criticism/further upgrades just as recognition and thankfulness for the achivement always.
The German economy did not do any large jumps for decades.
The US economy is more in danger, because it's too much in finances.
The 2008 debt crisis did more damage in US. So will the 2020 economic fallout.
No large jumps, but continuous growth. That's normal if you are already on a high level. Only low level states can make jumps.
The 2008 crisis was only about the US market, but it influenced globally, due to worldwide banking and investment networks.
@@holger_p Nah the US economy didnt grow that much. The BPI fluctuated around a consistent value for the last 40 years (adjusted for inflation). What graphs they show on TV purposefully leave out is inflationrate. If you see a high rise in market value between 2016 - 2019 ... its virtually inflation rate going up but not much else. It gets even worse, when you look at graphs showing the economical growth of a whole century. Without it being adjusted for inflation you are convinced that we have grown sooooooo much, but with the inflation rate considered the growth is WAY smaller and seems almost meaningless in comparison. When you now look at the profitiers of this economy you may start questioning if this shit actually makes this much sense. The income stayed the same for the majority of the population while there was a steep rise in the top of society all at the same time public structures were gutted, arguably makingliving conditions worse for average income citizens.
This of course doesn't just applies to the US.
ehhh
@@holger_p l
@@IsomerSoma When inflation in one sector is too high, it's called a bubble, like in the housing market in (only) US 2008, known as subprime mortgages.
But the money giver and insurances came from all over the world, that's why this became a worldwide shock. This little sector could make also the BIP shrink a little from 2008 to 2009.
Staying on the same income, after inflation it's not a bad thing I think.
But it can cause envy, if you see the income of others raise.
If income of only a small group of people raises, it's actually good for inflation, it's avoiding inflation.
If you give $1000 monthly to everybody in the country, all prices will raise, and inflation will eat up this extra money within months.
The rest of the EU is going to need a strong Germany. So glad to see that the Germans are willing to spend spend spend
Lollll, let me tell you something, there is the world and there is Germany, shall we count how many times Germany had to go through challenges in the last 100 years? from different wars to reunification to the refugee crisis and whatnot. Germans always end up winning.
I will add that Japan, Germany and now China, are a different league.
Thanks for that compliment :)
Also seven different currencies in the last 100 years xD
Germany is always strong on this
Help yourself by earning weekly from Forex trading and bitcoin mining
Crypto currencies such as bitcoin are highly unpredictable, though it's been used as famous Investment vehicle.
This is a very good opportunity to purchase and invest in bitcoins
Trading as a newbies is quite stressful and discouraging but I was in that phase before till I get myself an expert who helped me
Are they still good and reliable experts?
Why making a report like this from the UK, somehow pretending being in Germany ? Bit weird
CNBC Europe is located in London. Thats probably why.
Because Americans would never know the difference lol
@@Luflandebrigade31 yes, but why the pretence
i think its wiser to invest in infrastructure in times like this - gives employment to your own people, can allow a break from being dependent on exports, and will help the economy in the long run.
well, thats what most presidents and leaders in the 1930s did ranging from Hitler to Roosevelt with huge public works projects.
That's stupid we don't really need more infrastructure. We need High Tech Jobs, Germanys Tech Founders go to foreign countries if they want to start their companies, because they aren't really welcome in Germany.
All of the German budget surplus goes to feeding the 1 million illegal migrants that Frau Merkel let in, nothing is left for the infrastructure. The illegals then thank Germans by rioting and injuring policemen. No wonder so many Germans vote for AfD.
@@apacheattackhelicopter8185 ...(I spot the real reason. Education. We need a better education)
Not as easy as it sounds. Germany put aside huge sums for infrastucture in the last years. A lot of the allocated funds are still untouched. That is partly due to difficulties finding good people to plan and realise a project (since the booming building market is sucking away all the talent and the offices themselves failed to groom their own), partly due to local resistance. In germany, even a simple attenna to provide internet for a village can becoma a huge issue.
Germany 🇩🇪 all the way..
if german can not
what chance other e.u countries
has better?
@pammens miss can usa weather racism??? Now answer that racist americans
@@golumolu5334
u.e is more racist than u.s
@@xongwenlee5442 any statistics to back that up? Especially since U.e does not exist?
@@emilsinclair4190 I think he meant U.A.E I don't think from what I've heard it's as rascist as U.S.A sadly
Exactly if Germany goes down, we're all finished 😅
Girlfriend: *ugh he's probably checking out other girls*
Me:
😂😂👍
so, i'm chilean and the current state of our economy is like: THIS IS THE END THIS IS THE END AAAAAAAAAAAAAAAAAAAAHHHHHHHH!!!!!!
Brazilian economy isn’t doing any better thou...
German knows how to deal with crisis
Pentagon1337 can t hear that shit anymore. The country is still up and running. Majority of them know how to behave and the rest that doesnt gets send back as soon as possible.
Fact is, when there isn't any crisis, we happen to invent one! Deep down, I think we do love ourselves a good crisis, you know, it's the up and down that turns love into sex. Hoewever, we gotta deal with a lot of virgins in this one! Just look at the comments, the wuzzy generation Y/Z, born 1995 and younger, they've never seen any crisis, fairplay, but chill, this'll grow some hair on your chest, regardless of your gender. :P Edit: And as I don't want to bruise your Vaterlandsliebe, until very recently, we never seemed to be afraid of challenges, fact.
@@Luflandebrigade31 Fully agree
@Pentagon1337 Germanys first article is about human diginity and human rights. It acted in accordance to its own principles. Mostly.
If there's any nation I would want in a crisis it's Germany, very happy to be in the EU right now
Ah, don't worry, guys, Germany is the best crisis manager ever.🇩🇪🇩🇪🇩🇪
Germany is a strong country and Germans are the best brains and souls in humans. There cant be any doubt about Germany staying on top - Coronoa or whatever else. The car industry certainly faces a transit to the new technologies and so do energy and other industries. But, this all is a usual business for Germany. My prayers and good wishes for Germans and Germany.
Iceland: we will experience a massive recession for 2020 i guess because much of the countries GDP depends on tourism - which has pretty much crashed that year .. but we will recover, so no worries. I see we had few lay offs .. and the system is still solid.
As for Germany, historically .. Germans will get out of the crisis - no doubt. They have a lot of population and a productive youth. I see no dark future there.
the world is still shocked how fast we got over the well-deserved destruction of most of our cities after WWII.
so there will be a recession?
actually we always came back stronger after recessions, so bring it on!
Warum freust du dich dadrüber..?
yeah but war and aftermath is different .now nobody is buying so for an export dependent germany it doesnt look good
Embedded Junge German Machines Are being needed worldwide even there’s a crisis. If I am an Investor trying to rebuild a company , I would now invest in the best quality I can find on the market.
It’s clear the good times are over in Germany. GDP growth in Germany has stagnated since 2008. Germany’s age demographics and their reliance on exports will make it almost certain that Germany will be in a permanent state of stagnation and recession for at least the next 50 years. It’s hard to grow when over a fifth of your population is retired and the markets you rely on to sell your goods are also aging into mass retirement. The US will be the last market left in the developed world that will have the consumption capacity to support Germany’s export led economy and living there I can tell you that we are becoming more isolationist and trade protectionist.
"well deserved destruction of our cities"? Do you know how many people died in those bomb raids?
Germany is very well positions compared to other countries
Superior German engineering meets strong German economy.
You mean like those highly efficient diesel engines VW produced? lol.
Oh, and I'm from Germany.
@@SnoopyDoofie, as a German you should know the difference between efficiency and cleanliness.
But now, german engeneers have to give up their engeneering. That's going to be complicated.
Change from combustion engine to batteries requires exchange of engeneers.
@@SnoopyDoofie Hase, die sind sehr effizient, effizient darin andere zu vergasen. Darin haben wir schließlich unter dem Österreicher Erfahrungen gesammelt.
Which democratic country if not German can come back from that crisis?
I love your videos, can you do a video on bitcoin investment? Bitcoin just dropped from 35k to 30k, I think this is the best time to invest.
You're absolutely right ma'am, only bitcoin investors will understand.
Investing in assets is the code for having a successful financial life, investing with the right company or software would free you from modern financial slavery.
bitcoin was at 35k but fell now to 31k, I believe it will raise up before the end of the month.
@@MichaelSmith-ob5fm and that's why 75% of millionaires today are investors.
@Twerk Team as a beginner I will advise you work with cynthia edna mchenry, for good and huge withdrawals.
What do the ancient Roman empire, the past British empire and the modern American empire have in common?
The Germans watched all of them rise and fall.
Only a nation insecure about its status on the global stage would make such a ridicolous statement. Greetings from germany.
@@IsomerSoma WTF are you talking about?
Thats deep if you think about it.
So did the russians, the chinese, the polish, the scandinavian - even the arabs.
What is your point?
@@jaikee9477 If you have the need to glorify and mystify the past of a nation it indicates that you don't have much to offer real in the present.
Wasn’t aware that we were facing a recession BEFORE corona virus outbreak 😳
Trumps trade war wasn't really helping our economy, but I also didn't knew that is what that bad
They need this virus to blame it on lol
it was overdue
Because it wasn't in the media
The economic crisis is a challenge that capitalism must face. The epidemic is just a needle. The real enemy is the recession cycle of capitalism every 10 years.
Invest the stimulus to the people, not to stock market like in the US. I think germany will survive this crisis better than the rest.
ECB has invested in the stock market too
German government has also helped out big companies at the stock market, but not by tax cuts, but by buying stock (in exchange for job guarantees) and by paying part of the payrolls (the mentioned Kurzarbeit). it's all aimed at restore productivity and not profits.
Apple, Facebook, Amazon, Netflix, & Google have a combined stock market value greater than the whole German stock market, 3rd largest exporter in the world. Let that sink in for a moment.
True. Germany is not home to any large IT company (only SAP and Datev come to mind). The only problem with those companies is (esp. Social Media and Streaming Services) that they could evaporate as fast as they emerged.
Interessting, I as a german have completly different view on it.
I am confident that we will come out in good shape. Afterwards we will reduce the dept again to less then 60%. The timeframe for this should not exceed 6 years since there could be the next crisis and dept made is only living on the cost of the next generation.
Germany : Our infrastructure is in a bad shape.
Africa : We still have warlords.
An American channel criticizing the German railways... where trains runs literally everywhere all the time and (really) 95% of trains are not late more than 5 minutes... lol
The railway is fine.
It's like saying the German roads are in bad shape.
Compared to our own standards.. maybe...
But compared to other countries they a brand new. 😂
@Ragui Farag They do have a problem tho... Your number of 95% trains on time is probably during the pandemic for a specific month or only local transport, the numbers for the whole of 2019 for long distance and local transport was 93,8 and if we only look at long distance trains only 75,9% were on time in 2019. Remember that the DB only counts trains that are over 6min (over 5min and 59sec.) late and trains that got cancelled don't count at all.
Please more Germany content, maybe even in GERMAN? :D
I think She is Happy while reporting.
I'm happy when SHE is reporting.......
The anchor very beautiful
Thats what i thought. Somewhat distracting , not so professional
She is gorgeous. I am glad she is reporting.
Spare in der Zeit dann hast du in der Not! Keep your money together when times are good, so you have money to spend when times are bad
Gott sei Dank haben wir diese Mentalität sonst würde es uns so viel schlechter gehen
Don't go down the path the UK has taken. It's the road to perdition.
Away from the EU.great news
Yes we can! And yes we managed refugee crisis, if you believe it or not. We managed two lost world wars , don't worry about us
Lol that's true after all you're an Aryan lmao
@@hemanshuchudasama3535 not really, Aryan live in Iran, but got the joke, stay healthy!
Please can you give this reporter a raise, She's writing like a mad person taking notes what a god
Mawma is slaying!
I enjoyed the insights but you guys have picked the best performing country. It might have not been the idea to pick a country performing badly but you literally picked a country not comparable to most others because it handles these kind of situation astonishingly well lol
Her ascent is so cute that almost makes me forget how terrible the economy of Brazil will probably perform this year.
take a cold shower
Mas o vídeo não é sobre a Alemanha? A economia do país está mesmo te assombrando kk
Nil Tominaga, Ao final ela pergunta sobre o país do espectador.
Ou não viu todo?
How do you feel about your president's response to the virus?
@@JoNTalker Não tinha assistido tudo quando comentei.
Whats the future for Germany is the question? ER answer, it is bleak!!!!!
Amerikana glauben das...eh vergess es ! Liebe aus dem Iran ❤
Americans are so funny
I’m in the United States. And quite frankly I think we all know how our economy is doing and will do. We’re quite screwed. Lol
It might be too early to be thinking about economic recoveries. It is still the beginning and we have a long way to go.
I think developing countries should focus on investing in their own infrastructure to become self sufficient than depending on imports. On the other hand, I think developed countries need to invest more on high tech trying to find ways to avoid/prevent this kind of situation to arise again in the future. Overall, every country has to work together by investing a lot of time and money towards healthcare to fight this global crisis for now.
Humans are lacking leadership/unity to fight this crisis as one. #SaveTheWorld
the developed countries do sell that high tech which the developing countries need to develop their infrastructure. Even China with an ambitious plan to be a global player and having a domestic market as large as the Western world needed decades to develop its domestic capabilities.
Your proposal implies all countries impoverishing themselves. High tech needs exports as it is hugely expensive to make, and infrastructure development needs to keep pace with high tech development if it wants to catch up.
Germanys unemployment is 4% wtf is this propaganda
this woman seriously edits herself into the expert interviews too much .
Already European Union countries allocated budget to resolve this issues.
Germany knows how to change this situation.
There is no way she is taking notes 2:38
Which area does Germany need to invest more? It is highly developed. Even the worst infrastructure there will be better than the rest of the world
... internet. And education. Other European countries are better in this.
In Kenya things ain't good at all....we need to revisit our business models and government policies
My impression from friends all over the country is that Tanzania is not that hard hit. The tourism sector yes, but still a very large part of the economy is subsistence farming. Also, the atmosphere is calm. Tanzanians are used to have a plan A, B, C, and D. Even now, electric bajajis are starting to be used in some cities such as Mwanza. If the tourists return and the election in October goes fine then all will be ok, I think.
Deutsche Bahn has been a pain in the ass for decades. Time to invest in our infrastructure
Compare it to the US, to value the qualities of Deutsche Bahn.
There is no future for cars or suvs that cost over 50 thousand dollars , no one can pay for them or at least what they need to sell to stay in business , the car crash is right around the corner
So Tesla is gonna go under too?
@@Pcarnevaaa It Is A TeCh CoMpAnY.
In Soviet Russia, car drives you.
Hire a news presenter who can enunciate...... Too hard to understand
I liked her
Indian economy will recover in v shape but a flat and slow right side
If Germany dips a few % people are covered and not mass evicted or in medical depth like in the US. Thats takes a toll on tax / government spending ... but, we are still fine.
I don't understand what you said, but you look pretty
Agree 100%
The current incompetent government needs reforms and chance
Recessions benefit elites. In damage control mode. Sluggish. What do you do,import more cheap labor after lay offs.
Hi,recessions last 5-10 years so we could be safe but deliveragings go from 75 to 100 years and the last one was 1939(2008 was a big recession not a delveraging"opinon" )meaning the deliveraging (consult ray dalio economucs for help if needed)may be here and there two ways to hanfle it beatifly and it may work out but terrible and social tensions can rise with the destructiin of jobs because simply debt yas became too high to handle.
Thanks for reading and i hope you have a good day sir
Sorry for the bad grammar
Better than France and definitely the UK
@cnbc I don’t know what happened to your video production, but why do you keep cutting to her face during the webcam convo’s when she does nothing but nod her head, and I find it weird she’s smiling when talking about serious issues 😂, I watch a lot of your short videos I just had to comment on this one I couldn’t finish it
Why cnbc never talks about Chinese economic problems
Because they dont have one. Their gdp this quarter expected to grow to 2%.
Royce Maurice dela Peña lmao 😂😂😂. Keep getting programmed
Sell your car worth twenty thousand euros to another guy,and he tells you, you betrayed me, i gave you twenty thousand euros!!!
It has more to do with not producing electric vehicles and the impact that TESLA have in the automotive industry
Lol Tesla will sell cars but they will be one brand between all others.
What w currently see is something between a Tesla Hype and Religion.
Borats sister?
„The country was already facing a recession before the coronavirus outbreak“ I have never heard of this. Can Anyone please give a source.
@Sebastian Groß i am a german myself too. Maybe your analysis of the german ca industry is true, it doesnt mean that german economy was declining. If you look at the Dax for example (stock market of the 30 biggest companies in germany) it shows a massive increase(+25%+) ( in 2019. Nothing implies there that is was declining. Or if you look at the GDP from germany, it shows a steady rise.
Honestly I think those are much better indications than your analysis of car industry
Germany was heading towards a recession. Eventually it had been fairly stagnant in 2019 (0.6 growth, thanks mostly to private spending, retail and construction).
China taught a big lesson to all western countries, the question is did they learn? or they will go the same pass again after pandemic and next time will pay a far bigger price?!
Talk about Nigeria!!!
Germany will recover from economic crisis easily
I live in Germany. It will recover but not easily. The economy really sucks here and you can see it. When they start dropping sales tax by 3%, you know it's bad.
SnoopyDoo don’t worry dear German peoples are hardworking people they know how to handle the economy.I think you should not worry about that you are living in best country and largest economy of Europe
@@utkarshyadav1720 Just curious. But what country do you live in?
@@SnoopyDoofie by his name its India or Turkey
SnoopyDoo I am from India
Germany is going to loose 400,000 jobs with the death of the internal combustion engine.
Can you please make a video about india economy?
Once Germany has too many foreigners is going to go down the shutter like Detroit
The Kenyan economy will probably take a long time to recover.
0:10 "It never had to institute a full lock down." False! In strongly federal Germany, handling an epidemic is subject to the German states which usually delegated it to the districts. The few districts that got severe numbers of cases imposed full lock downs.
2:20 It is false that Germany doesn't invest in digitalization as well. It does, but the state and federal governments have no clue and most of the money spent is wasted, as Prof. Südekum insinuates.
if they can not long sell car.. their economy would lost a lot of shit...
@pammens miss To be fair Merkel is never voicing her opinion loudly in public, that's just not her style.
they'll be alright
4:44 Thats what i call a bouch back
German cars are pure junk with high maintenance costs.
I think America is the only country that will grow after the pandemic since they can print endless amount of money and with the help of their global media they can publish bleak news on a country future and optimism on the US markets.
This point is valid but only one reason more to have non state bound reserve currency.
Any country that has their own currency can print their currency and devalue their currency UK can do that so can ECB so can japan, China, india, Vietnam, phillipines, Canada, Australia all of these countries can do QE aswell. It may devalue their currency but it will help them kick start their exports if they devalue their currency and regulate the prices to grow exports
her after hearing about bad infrastructure: :)
her after hearing about high taxes: :(
Not only Germany even the Canada is spending the huge tax amount on public welfare instead on infrastructure. Result is slow down in manufacturing and job sector. Roads ,railway and bridges in Canada are in bad shape. Why government of developed nations don’t under this situation better to provide job opportunities instead of giving free public fund. May be it’s vote bank or some thing else. I don’t understand their strategy. More you will invest in infrastructure and manufacturing more the county will grow and it’s the backbone of the country like Germany.
Germany have strong economy other part of the economy area💪💪
Ford Chevy n Harley Davidson all have factories in Asian countries ( Harley in Thailand where i live, I'm from the America) because the tariff cost is so high. I must say when i see a thai driving a American vehicle, i am tickled by it
German economy growth (no)
EU economy growth (yes)
Volkswagen is pronounced "Folks-waagen" , not "wolks-wagon"
Who cares
So not "Volts Wagen?"
No it's it's pronounced folks Vaagn
Are you sure it's not fooks-vegan?
Hope you are fine if I build on some of the topics covered in your report.
Germans are attentive engineers. Maybe they oversize their pricy kits, but by and large, their kits work well and last long enough.
My question has always been: why such a nation of meticulous and hard working folks are still making the same machine the Flintstone's were riding several millennia ago?
I confirm their internet is as good as 1G was, once upon a time. One of my young colleague in a placement had to regularly go home to download some files for his project. Their ICE trains were fast 30 years ago. Now they are neither fast nor on time!
Finally, something not mentioned in this report, Germany is flirting with fire by undermining the US Administration in dealing with China since the start of the trade war between China and the USA. This is even more valid now in this pandemic and recession. And again Germany few months ago has been handling large amount of printed money to its companies without waiting for ECB approval and before everybody else in Europe. The fact that they agreed on the 750 billion euro package is probably because they would have been the country to lose more from reduced exports if other countries feel the crunch.
Having lived there long enough, I feel that by and large, Germany was and remains the BULLY sick man of Europe.
We should all watch out because for most of the first part of last century, the ambition of this country has nearly ANNIHILATED my lovely Europe. Surely, I am watching them out!
No, we did this demonstratively. We are getting tired of all this sh*t the USA is doing with us. That was a warning shot of soft power to tell them how it is and why they better shouldn't mess with us.
Auferstanden aus Ruinen...
Of course we can
Germany is the only country with resources of human as well as natural..who will win
Wife : he is probably cheating or looking at girls in ig
Me :
We have so much special effects, it is a) nonsense to "analyse" anythig at this time, and b) therefore, it is nonsense to make predictions at this time. What may effect german exports is the collapse of the US economy.
3:33 I work there lol
I kept laughing everytime she pronounced kurzarbeit......
Export oriented economies will suffer much and China Germany will be the worst affected. Recovery will be slow and Germany, a fantastic country has the over hanging sword of Euro zone. Europe has been going downhill for quite some time. Germany’s 37% of the production is made in China and it is a mess. Germany has low increase in personal income for a long time and it’s trade surplus will go down too. As US,India etc. go for local production and less imports, it will affect Germany. Overall, bad days ahead for all.
from chiclayo Perú bro 👌
The reporter sounds very Portuguese
Simping over anchors now SMH.
"Weltmacht" in economy.
can you do Canada
Worry not! Poorer EU economies and mostly other eurozone struggling countries will come to help Germany keep their economical morality higher than ever before and they can keep on criticizing the EU lazy for not sharing enough with them
On India please.