worked in Germany from July 2014 to December 2019 (when Covid was about to burst). I was appalled by the naivety of the german society. I rented a house in a Rural area, just before leaving. When I moved in, the house was brand new, I requested internet (cable) as there was no infrastructure. The months went by and nothing. These two new houses (me and my new neighbourg did not have cable infrastructure). We had to borrow internet, via cable crossing the garden to our neighbourgs basement to borrow internet. He was kind enough to let us use his internet. This lasted 1 year. When I moved out there was still no cable. Eventually it came to my knowledge that a spanish company (people from Spain) were hired to fix the issue. They drove from Spain to Germany to perform this installation. How mad is this? Only in Germany, I suppose.
Italy has double the debt of gdp than Germany and has more than double the budget deficit this year than Germany. Germany could borrow for 30 years and it wouldn't be as bad as the economy of Italy. Germany even saved Italy during COVID. France and Italy are the ones in real trouble in the EU. Hungary isn't doing so great either.
@@nxo91 lmao, is it? It's significantly more successful than the largest German bank - which btw is on track to become the next Bear Stearns. Commerzbank is doing even worse than that.
Yeah this felt a bit like a historian who refuses to use primary sources. Simply reads what other historians have written about the original documents and original artifacts.
I have worked in Germany for 1 year, at the university. Expected me to work overhours, weekends without extra payment. And the local Germans do overwork because they are afraid to lose their job. Old infrastructure, like, I mean, 30 years old, wired printers, Internet connection disappearing twice a day during the working hours, nothing is digitalised, restaurants don't accept card payments. I could go on and on. No, it's not only Germans who are pessimistic, it is a dire, pessimistic economy, complete lack of flexibility, forget any effectiveness and any reasonable decision making, folks in the regions are plain nationalistic and will tell you in the eye they don't like you. The worst, however, was that when I tried to point out how things could be improved, I got this attitude - it's Germany, things are too complicated. Good luck you, complicated people. Cheers to Deutsche Bahn - the laughing stock of the efficiency.
@@sandeepkumar-vy3se Thats literally the same overaging problem with stubborn people, lol. No I'm fine in the UAE, been working there a bit earlier this year and will move next year for good.
Cry me a river. When Germany/EU "sabotaged" South Stream for poor countries in Balkans, and prolonged poverty and polution there, I did not see any tears.
@laopang91362, that's thanks to Energiewende, Gerhard Schroeder, his gas buddies, and others) and high power prices vs say France. If Germany had stuck to the coal to nuclear transition plan from 1974, this would not have been a problem. Lots of nuclear district heating opportunities lost (now fired by gas), lots of residential heating that could have gone electric like France, etc, power gen form gas not needed then either, or at least for some occasional standby use (peakers). That would have freed up plenty of gas for industrial uses. ~1.1T Euro spent by Germany via tossing away German nuclear + variable energy sources and their gas backup systems.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
German work culture is extremely toxic, and germans have the most fragile egos of any culture I’ve ever worked with, and are the least likely to ever admit that they’ve made a mistake. I’ve literally had Germans scream at me across a conference room because I pointed out that something was done incorrectly, even though I pointed it out in a matter of fact and impersonal way. Not even in rural France that I have this kind of behavior and unfortunately, it is ubiquitous throughout Germany, regardless of the industry. I honestly think that the lack of humor is a big part because if you can’t laugh at yourself, then you take yourself too seriously and it makes it very difficult to take feedback.
Agree, than you have their neighbors, the Dutch, completely different, able to adapt, be self-critical and laugh at themselves, open society not afraid of change.
Germany’s success, somewhat paradoxically, is deeply tied to its culture of self-doubt. This persistent sense of insecurity has been a key driver behind the country’s achievements, especially in its SMEs . By continuously questioning themselves, they're highly attuned to customer needs. While this mindset can sometimes lead to a toxic work culture and reinforce a stifling and toxic blame culture, it also reflects a sense of humility but also a commitment to driving improvement. Strangely enough there seems to be a critical cut-off point. Behemoths like VW are heavy on bureaucracy and middle management, too slow, expensive and inefficient, and as a result they were asleep at the wheel when the world changed gear.
You really think this make a economy work or fail? It's a security risk, privacy risk, infrastructure risk, ... And if there is a lot of bureaucracy, then what difference does it make?
that's imo spot on the center of the current issue in Germany imo. 1) Politics doesn't understand that average count of solar and wind energy is nice but you have to see that the energy sourcing equation must be solved in every single moment also at night when solar is at zero and also when it's not that windy 2) Germany imo is relying on large scale Energy storage to be built up within a few years. Imo that is simply not realistic. Batteries are good for short term storage. But they will not be available in quantities that would enable storage on national level. Hydrogen storage is even more difficult (if not impossible) to be spread out in large scale due to issues with efficiency and extreme technical complexity which is extremely underestimated by the so called "experts" that german government listens to. But of cause government has previously selected these so called "experts" exactly because of their mindset which is not realistic and not representative but led to statements that the government wanted to be told. => very toxic cocktail imo.
Nuclear energy is actually the best form of clean energy, except when it comes to the waste of creating it. To think that it's in barrel at the bottom of oceans scares me! The same is true for EV batteries. They are detrimental to the ecology. Still, I drive an EV. Engineers are continuously working out ways to handle these first-world problems, and I trust they will. As long as there is money to be had, they'll do it.
The beginning of the end.. DW is partly guilty of this economic decline, too. No critical, objective reporting on the dumb & eco-fascist economic policies of the government. Just a state-owned mouthpiece.
Only reason Germany recovered after WW2 was American loans when no allies wanted DE to have any prosperity. Which military will Germany rely on if America leaves? Germans always blame outside factors, when there is plenty at home they need to be focusing on.
It's not only cheap gas, oil and Russian market which are missing. Fertilisers, grain and all the other resources which were coming as well. Everything has to be acquired elsewhere with extra price. On top of that the whole European security structure is going to be restructured soon. As well as world's economic structure is changing.
Germany lost access to second largest car market in Europe. No other country has a larger consumer market for cars bigger than Russia in Europe, except Germany
bro you're not alone,as an indonesian we're with you. Indonesia is experiencing similar economic downturn due to double war in ukraine and gaza as influence factors. our buying power is weakening as layoffs on textile and other less profitable industries, in favor of the manufacturing and by extension industrial industries which is more profitable. now this sounds good on paper, but aloot more Indonesians are doing the less profitable industries like textile, stall food market and other less efficient industries. so... know that I feel you on the other side of the globe.
Jajaja. The opening statement is so funny "Efficiency". Based on a country where people still use fax to send or receive info, plenty of documentation must be handed over on paper, no emails, etc.
Worst is that “old fashioned” system of paper coming and going creates a non-ending layer of bureaucrats who slow down the processes and end up costing a lot of tax money for a cero value activity. And we keep paying high taxes to maintain the inefficient system
I studied here in Germany, graduated and now working as an Engineer, I would definitely say the environment is too stringent and not business-friendly. I am registering for an license to operate a food-related part-time business that sells food in publics event. I have to run 3 different departments and 4 months of wait. After going through all the hardship and finally getting a license to operate, Finanzamt/Ordnungsamt is chasing my back asking for documents and insurance commitments. Imagine I am just operating a small business that does not aim to generate >10k in revenue, and I have to obtain tonnes of paper works and licenses before I have the "Right" to operate. Just forget about being a Tech entrepreneur, you waste your valuable time building your product/service to paperwork.
Companies have said this for years, yet they change nothing. I work in Germany in a factory which was here for over 60 years. In 2 years I am going to lose my job because the company leaves Germany as it is too expensive to produce here they said. Yes things are bad here and with this government they gonna get worse.
So in this recession, how exactly can we guard against the coming financial reset for 2025? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Diana Casteel Lynch” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I am an expat here and working in 4th German company. I hardly saw anyone like that here. Their arrogance to you might have a cause. People forgets to know about it.
In Europe, there's a growing sense of neglect towards the younger generation. They face lower salaries, longer work hours, and increased responsibilities while witnessing a surge in billionaires, particularly in countries like Germany. The housing market adds to their woes, as property prices soar, making it difficult to afford homes, let alone start families. To compensate, cheap labor from abroad is often favored, leading to frustration among the youth, who feel betrayed. People aren't inherently racist, but this frustration arises when governments prioritize external labor over addressing domestic issues. It's high time politicians acknowledge and tackle these pressing concerns rather than resorting to distractions. The younger generation deserves meaningful change. That's why you need skill workers because you were exploiting your young generation.
All we get told in the UK is that industries such as farming, nursing etc cannot find workers and yet we have plenty of unemployed people. The answer is also we need immigration. The answer is never address why those unemployed don't want those jobs and it's primarily too little pay. The answer is never address wealthy tax avoidance and them not wanting to pay taxes. The answer is wealthfare costs to much, we need to reduce.
@@David-bi6lf I believe it’s important to point out that for years, the UK has relied on immigrant workers, which has kept wages low in sectors like farming and nursing. This has made it hard to attract local workers. After Brexit, expecting skilled English workers to fill these jobs right away overlooks the issues that have built up over time. We need to focus on paying fair wages and respecting all workers to draw people into these important roles.
@josepedrosantiagosilva9625 That's because there isn't enough of a younger generation to fill the needed positions in an expanding market. Labor shortages are inherently inflationary, hence the high cost of living for younger people with all the angst and frustration that comes with it. It's called the vicious demographic cycle.
spot on. same happens here in switzerland. young people got educated, deferred children, to find themselves in an economy that favours young skilled workers from overseas. people cant find jobs, start families, let alone buy a tiny flat in the suburbs anymore.
3:00 what’s the difference between a German pessimist and a German optimist? A German pessimist believes things could not possibly get worse. A German optimist believes they could.
One thing that they mentioned is absolutely right. If you work with German colleagues you know how risk averse the culture is. Sometimes it's as if admitting a mistake or failure could be the worst thing that can happen. People have to be allowed to fail to a certain extent if you have to take risks. If you don't take risks you stagnate.
bro you're not alone,as an indonesian we're with you. Indonesia is experiencing similar economic downturn due to double war in ukraine and gaza as influence factors. our buying power is weakening as layoffs on textile and other less profitable industries, in favor of the manufacturing and by extension industrial industries which is more profitable. now this sounds good on paper, but aloot more Indonesians are doing the less profitable industries like textile, stall food market and other less efficient industries. so... know that I feel you on the other side of the globe.
Absolutely agree. People will finger point and publicly blame you for your mistakes every single time (I have German IT degree). As a foreigner I always was so afraid of weekly meetings, standups where our CEO used to ask my manager in front of me and all coworkers how I was performing. I hated it every single day. Until I migrated overseas I couldn’t see how it’s not ok. Hopefully that mentality is changing.
Your allies the USA achieved what they were aiming for. Cut of your cheap source of energy that was driving the economy , sell expensive US LNG and make companies lose money and look to relocate to america for better incentives and voila...
@@SigFigNewton Seems the dominating country of this alliance has taught Germany obeiance by harming its economy and damaging Germany's powerful role in Europe.
It's obvious the Russia sanctions are a win-win for USA. Both EU and Russia suffer. Not to mention their disastrous energy policy and then Nordstream. no tears, FAFO.
Any foreigner who worked in Germany and worked in another country knows very well why Germany is in such a bad shape, such a joke country. Thank God I left soon enough.
Good for you, Germany doesn't need that kind of mentality, i wonder if it is a joke of a country, why you left yours to go there? Maybe you created false expectations, in this case you are the Joke, not the Country
Germany sits on the world's largest brown coal fields and could be energy independent. Industry thrives on cheap energy. Sadly, green religious doctrine prevents this. Theocracy is a poor basis for government.
You know nothing comrade. Russia is selling their oil to India and China for cheap! Their are selling their gas for two three times cheaper than before. Gazprom from being the most valuable and profitable making losses after losses. Their oil industry is collapsing and it cost around 50$ for Russia to get that oil out of the ground. For Saudi Arabia it’s about 20$ per barrel. Russian most valuable/profitable oil fields are being depleted and without Western technology they don’t have any capacity to improve their productivity. The demographics are collapsing fast. The country have no future .
As a german I say germany is far overvalued. Huge energy costs ( electricity at ~41ct/kWh ) , expensive rent, increasing unemployment, subjective decline of security in day 2 day life, low pensions and further increasing of social contributions. 2021, the average wagie paid ~49% deductions on his salary. There is this famous saying: Wer Geld hat der geht, wer keins hat der kommt And its true
Sources there would be great, as e.g. electricity is at 29-32c/kWh for fixed, and 19-27c/kWh variable. The average net tax rate in Germany was 37.4% in 2023.
As a Canadian, I know that the Americans do not like the idea of a strong German/EU competitor . See "The Crisis in Ukraine Is Not About Ukraine. It's About Germany" by Mike Whitney at the Ron Paul Institute, article written before the war started, it makes perfect sense.
Expecting skilled immigrants (like Indian software engineers) to learn German is absurd. Such talent has a lot of options, so they choose USA. Only desperate low skilled immigrants will do this
I suspect this will be less of a problem in the future. -The technology to automatically translate from one language to another is already very good. -people are getting getting more used to wearing speakers in/on their ears. -AI voices are getting much better at mimicking pleasant-to-listen-to human speech. Put it all together and it’s likely that in under a decade it will be much more common to work closely with others who don’t share fluency in a common language.
I studied I.T in Germany, i am from India too, I still wonder what makes Germany a first world country, simple things are soo challenging here to the point you want to quit. And i did.
I agree on this one. Highly skilled immigrants should not be required to learn German. English should be enough. But they're also the only ones who should be allowed to come into the country for a longer time or even permanently.
Very interesting. I lived in Germany from 2004-2021 and actually, I'm glad to be back in Australia due to these financial struggles. Family always makes a difference.
The energy price pressures only exposed much greater problems in Germany... All EU countries are suffering from the "war" and "energy prices" but it's the "richest" EU nation that's doing the worst? Yeah, no.
Then shame on Germany for being so weak to have to bow to the Americans. It is time people took responsibility for themselves. Five years the Americans told the Germans to deal with the weaknesses of their energy policy and their military ...THEY LAUGHED AT THE USA AND DID NOTHING ABOUT IT.
“Why Nations Fail” is a book I would recommend everyone to read. The Government, its Policies and Incentives (open liberal markets) take a center stage in being successful or going down the drain. Should be a mandatory read for everyone in school. When companies and billions in investments are leaving the country, you know something is not working right.
Europe and UK is suffering w high energy prices …. meanwhile in Asia nations w natural resources like oil are enjoying a good time .. food is cheap , travel is cheap , energy prices are cheap life is high quality !
I have one question that i think points out problems with the government's plans. Why on earth would you shut down coal and nuclear power plants at the same time?
In both cases the answer is the Green party, their voters which are often women and people in the public service, and it's also supported by journalists, the welfare sector and churches. Same people and organizations created the current immigration situation.
Really on point and correct discussion. Following German current affairs for last 2 years as a foreigner and all the problem of Germany are self made, and they are still continuing. Digging their own grave.
Germany with heavy investments in the Chinese Car industries will suffer from That EU tariff. France and Holland seemed to wanted to destroy the Germany's economy So they can push for dominance in EU with their own Tech companies. Maybe It's time for Germany to quit EU.
the prices war not high, but now really high...you cannot afford to go to restaurant any more. but dont have to work hard is so true, they are so weak and getting ill so frequently
What’s shocking about this current crisis: It’s entirely man-made, in Germany, with precision German engineering. Because, obviously, no country in the world would be able to finance major public works at cheaper interest rates right now than Berlin can… The threat that Germany poses to the eurozone, EU, and Europe is not “too much government borrowing” but something far worse: 20years of borrowing too LITTLE for government spending and investment. German superstitions turned a series of banking and sovereign debt crisis in 2009-10 into a lost generation of austerity above all else: innovation, competition, or security. The EU’s fiscal rules and the German Debt Brake were beautifully utopian ideas designed for a geoeconomics planet that no longer exists!
The main problem of Germany and other European countries is their ample subservience to the US. Obviously, the guests of this DW program, including its host, cannot address this issue.
That's not the main problem. The main problems are 1) Lack of cheap Russian energy. 2) Not being able to sell goods into China and Russia. 3) China out-manufacturing Germany.
Easy to blame the US. The major reason is culture. It takes a different level of attitude to be a risk taker, reject comfort and be entrepreneurial/ innovative. Free flow of debt and capital is another. That is something which cannot be overlooked.
@dw news - the reason for germany's slowdown is an open secret. High bureaucracy, lack of options, not taking risks, and rise of discrimination (based on gender, race, skin colour, passport etc). Bring in an expat on the panel and include them in the conversations as well. They will tell you the other side of things that you wouldn't hear. On one hand, Germany wants more specialised workers and yet there are huge hurdles for these specialists to get jobs. Did you know even when a non-european completes their studies here in germany, and when they apply for a job at any company, the company has to inform and obtain permission from the local arbeitsagentur to hire them. The company needs to show proof that the position was publicly advertised, there were applications from all backgrounds, and they could not find any local candidate qualified enough to fulfill this role. Hence, most companies choose to go with a local candidate even if it means they are less qualified to avoid the bureaucracy. How is this still allowed to happen? If this is not systemic discrimination, what is?
intersting point of view.. Let me ask you do you have permanent residency in Germany ? here in the US is something similar UNLESS you are permanent resident (or obviously a US citizen).
This is the same in many countries. You cannot come into my country and get a work visa sponsorship doing data entry, obviously, because local supply can fill that role
🇺🇸🇩🇪 President Biden is awarded Germany’s highest honor, the Grand Cross of the Order of Merit, by German President Frank-Walter Steinmeier at a ceremony in Berlin. What a joke! 😂😂😂
True! A total insult to the Germans! Giving an award to the puppet masters of the German Politicians and who has done nothing but destroying the German Economy and Sovereignty.
I told the EU in several public consultations on energy that Germany's renewable energy transition would fail. They laughed but they are not laughing now. Interview me. I am Val Martin
Not enough battery research is the main thing. Being innovators in the battery space would have grown their auto industry. Instead it shrinks. And battery advancements are beginning to enable increased use of solar power. Germany might be too anti nuclear fission as well.
German companies pay attention to the origin of the employee when hiring; this leads to poor QUAITY of value creation. I have often experienced in German industry that there were too many uneducated people in managerial positions. German trade unions are unfortunately speechless on this topic.
@@sasapopadic384I am an American. It depends on where in the US you are, in our country which spans 4 time zones. Cities like New York, Chicago, and Boston have excellent transit systems. Far better than the Deutsch Bahn. I've lived in Germany for 8 years, and the DB is a disgrace.
Germany developed under those pipelines, pipelines gone, sanctions and green policy are taking germany down the drain. Keep that government and it will only get worse. (Although its fully merited) Stop helping Ukraine!
Trump was right about Germany. They picked up their own weight far too late and the German mindset and bureaucracy keeps resting on its laurels. I live here and this sheißer has depressed me. Time to leave.
Germany finds itself in a situation not dissimilar to the situation the US found itself around the time of the original Arab oil embargo in the 1970s. The US was accustomed to being the manufacturing center of the world from the end of WWII to then. It also enjoyed very cheap oil from the Middle East. Then what felt like a massive change of fortunes at the time, we now had expensive energy and lost our manufacturing to Japan and Europe. It took a very long time for the culture and mindset of the country to come to terms with the change in our position in the world. For some, even 50 years later, they still consider the US as it was from 1945-1970, i.e. a dominant hegemon without peers.
Germany is exactly where the US wants it, estranged from from Russia diplomatically (and its cheap energy, resource, and market access), deindustrialising, and leaving Europe never able to challenge US power. That was the real reason of the Ukraine war.
Germany has been in recession since 2022. If it was only a recovery there would be hope, but a reinvention of the business-, government-, and economy- models are simply above current elites capacity and capability.
Wrong. The main reason is the lac of cheap Russian energy and China out manufacturing Germany in autos and other things. The only thing woke here is you.
Nope, this is what happens when Russia decides to be a greedy jackass and invade another country unprovoked, then cries and poops their diapers when there are consequences. Russia blew up the pipeline because Germany quit paying them, buncha babies.
Associating with USA policies without protecting own self interest and self respect is paying the results. The technology holder countries like Germany, Italy and France should get away from USA and UK hegemony but it's too late perhaps.
We are a german based technology company. Our IT consultants have a lot to do and we could hire more. Actually we are looking for talented, german speaking, IT consultants right now. The economy is indeed not great, but a good company which respects its clients and does a great job will strive.
Hello, I'm Harish with 7 years of professional experience in Software Engineering and Data Science. I'm currently pursuing my masters in Data Science at Potsdam. I speak English C1, German B1 and further expanding! I'm interested in part time or student job opportunities. Kindly let me know if the team is interested, happy to share my profile 🙂 Best Regards
DW - Thank you for this coverage. It is objective and thorough. To meine Freunde - At least you don't live in a country where your media offerings are a clown show. We are enjoying that here in the US.
Germany is still using vectoring(copper + fibre optic) to spread Internet nationwide while other countries like the Netherlands and South Korea are more ambitious by invested heavily in fully fibre optic infrastructure, right up to the last mile. Their little or no ambition, risk averse mentality and heavily investing on the wrong things like social welfare that dampen the go-getter spirit of the German people which is holding the country back.
Bureaucracy in Germany is represented by impossibility to fire any municipality worker, lifetime-long job security for municipality workers, no requirements to provide the services in English, and instead, the obligation to provide the services only in German to highly-skilled immigrants who came to support your economy actually
Rundfunkbeitrag already 19€ every month , expensive und unreliable train , expensive gas and killing diesel is the worst mistake, expensive food especially meat . Rent is out of the door ,half salary is just apartment, Rundfunkbeitrag, internet and electricity,food is another 30% ,gas and insurance? Why do I need to work in Germany when I leave all money on bills and can't save anything
When we elect cowards who kowtow to our so-called allies we shouldn't be surprised when things go off the rails. Oh, and the media is equally to blame for not holding these sycophants accountable.
Most people especially the older ones are in denial of their current situation. Germany is lagging when it comes to modernisation and digitalization. And the older population which dominates their population are so reluctant with these changes. Imagine, they're still using mainly fax machines. Most of my coworkers aged 50 plus to 60s are so negative about paying with cards and prefer to pay cash. That's why most of the small stores, you dont have the option to pay card, only cash.
One thing no one is talking about : price-wise, german products are just not that competitive anymore. Nobody’s willing to pay the crazy premiums for a german product, when there are so many cheaper and qualitatively decent products available across industries. Germany needs to wake up and re-think this strategy.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Melissa Terri Swayne is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
worked in Germany from July 2014 to December 2019 (when Covid was about to burst). I was appalled by the naivety of the german society. I rented a house in a Rural area, just before leaving. When I moved in, the house was brand new, I requested internet (cable) as there was no infrastructure. The months went by and nothing. These two new houses (me and my new neighbourg did not have cable infrastructure). We had to borrow internet, via cable crossing the garden to our neighbourgs basement to borrow internet. He was kind enough to let us use his internet. This lasted 1 year. When I moved out there was still no cable. Eventually it came to my knowledge that a spanish company (people from Spain) were hired to fix the issue. They drove from Spain to Germany to perform this installation. How mad is this? Only in Germany, I suppose.
Pathetic. Even Indian remote villages seems better and connected.
You know Germany is bad, when a successful Italian bank is trying to takeover a failing German bank.
Commerzbank is broke. German government will be happy to sell it. Who cares?
Successful Italian is a debatable phrase
@@nxo91It’s all relative
Italy has double the debt of gdp than Germany and has more than double the budget deficit this year than Germany. Germany could borrow for 30 years and it wouldn't be as bad as the economy of Italy. Germany even saved Italy during COVID. France and Italy are the ones in real trouble in the EU. Hungary isn't doing so great either.
@@nxo91 lmao, is it? It's significantly more successful than the largest German bank - which btw is on track to become the next Bear Stearns. Commerzbank is doing even worse than that.
Should invite engineer, technologist, business man, entrepreneur as panel instead of journalists.
Yeah this felt a bit like a historian who refuses to use primary sources. Simply reads what other historians have written about the original documents and original artifacts.
They all left the country 😢😅
Do you mean us Syrians here in Germany 😂😂😂
Entrepreneurs don't exist here lol
And more German guests than non-German.
I have worked in Germany for 1 year, at the university. Expected me to work overhours, weekends without extra payment. And the local Germans do overwork because they are afraid to lose their job. Old infrastructure, like, I mean, 30 years old, wired printers, Internet connection disappearing twice a day during the working hours, nothing is digitalised, restaurants don't accept card payments. I could go on and on. No, it's not only Germans who are pessimistic, it is a dire, pessimistic economy, complete lack of flexibility, forget any effectiveness and any reasonable decision making, folks in the regions are plain nationalistic and will tell you in the eye they don't like you. The worst, however, was that when I tried to point out how things could be improved, I got this attitude - it's Germany, things are too complicated. Good luck you, complicated people. Cheers to Deutsche Bahn - the laughing stock of the efficiency.
As a german in his early 20s, this hurts. I only want to get out. This country has been squandered for 20 years. Nothing was acomplished since 2000.
Es gibt sogar Behörden die nur mit Fax zu erreichen sind, kein Witz.
@@Arathreas go to japan,learn japanese you have bright future thier
@@sandeepkumar-vy3se Thats literally the same overaging problem with stubborn people, lol. No I'm fine in the UAE, been working there a bit earlier this year and will move next year for good.
@@Arathreas keep fighting and vote for change, it's the same in the UK.
Im going to fight, my future is on the line. Running isnt the answer
The country is controlled by a bunch of clowns
Zio 🤡s
It is German that wanted multiple political parties in the Government. Too many cooks. NOBODY to blame but the GERMANS.
But you are the clever guy.
@@Kartoffelsuppe_m_Wursteinlage 😄😄
clowns make you lough but not cry and worry. It's something different
Pipeline is gone, economy is done.
100%, people underestimate energy's impact on the economy.
+ our goverment turned off the last fully functional nuclear power plants, after the pipeline was gone
Cry me a river. When Germany/EU "sabotaged" South Stream for poor countries in Balkans, and prolonged poverty and polution there, I did not see any tears.
@laopang91362, that's thanks to Energiewende, Gerhard Schroeder, his gas buddies, and others) and high power prices vs say France. If Germany had stuck to the coal to nuclear transition plan from 1974, this would not have been a problem. Lots of nuclear district heating opportunities lost (now fired by gas), lots of residential heating that could have gone electric like France, etc, power gen form gas not needed then either, or at least for some occasional standby use (peakers). That would have freed up plenty of gas for industrial uses. ~1.1T Euro spent by Germany via tossing away German nuclear + variable energy sources and their gas backup systems.
Germany should stick to atom energy - instead get hooked on Russian gas - founding Putin wars!
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
When a British journalist is invited to discuss a failed economy is like inviting funeral home owner to talk about healthcare system.
Good one 😂
well said
That's so random, yet so true 😂
Lol...good one..
SPOT-ON!!
German work culture is extremely toxic, and germans have the most fragile egos of any culture I’ve ever worked with, and are the least likely to ever admit that they’ve made a mistake. I’ve literally had Germans scream at me across a conference room because I pointed out that something was done incorrectly, even though I pointed it out in a matter of fact and impersonal way. Not even in rural France that I have this kind of behavior and unfortunately, it is ubiquitous throughout Germany, regardless of the industry. I honestly think that the lack of humor is a big part because if you can’t laugh at yourself, then you take yourself too seriously and it makes it very difficult to take feedback.
Agree, than you have their neighbors, the Dutch, completely different, able to adapt, be self-critical and laugh at themselves, open society not afraid of change.
agree the arrogance is high. its not you. I worked in 3 other EU countries and Asia and UK.
I shall be the first comedian in Germany 🇩🇪 that brings it laughter 😃!!!
Germany’s success, somewhat paradoxically, is deeply tied to its culture of self-doubt. This persistent sense of insecurity has been a key driver behind the country’s achievements, especially in its SMEs . By continuously questioning themselves, they're highly attuned to customer needs. While this mindset can sometimes lead to a toxic work culture and reinforce a stifling and toxic blame culture, it also reflects a sense of humility but also a commitment to driving improvement. Strangely enough there seems to be a critical cut-off point. Behemoths like VW are heavy on bureaucracy and middle management, too slow, expensive and inefficient, and as a result they were asleep at the wheel when the world changed gear.
True
As a Lithuanian, I can handle most of the bureaucracy at home online, and as far as I know, this is not the case in Germany
You really think this make a economy work or fail? It's a security risk, privacy risk, infrastructure risk, ... And if there is a lot of bureaucracy, then what difference does it make?
@@NoidoDev Yes I think that.
@@NoidoDev yes
Germans didn't even begin using credit cars until the late 1990s or 2000s!!!!
Germany has closed like 9 out of its 12 nuclear reactors! The politicians not smart enough to realized that solar and wind is not 24/7 energy!😂
that's imo spot on the center of the current issue in Germany imo.
1) Politics doesn't understand that average count of solar and wind energy is nice but you have to see that the energy sourcing equation must be solved in every single moment also at night when solar is at zero and also when it's not that windy
2) Germany imo is relying on large scale Energy storage to be built up within a few years.
Imo that is simply not realistic. Batteries are good for short term storage. But they will not be available in quantities that would enable storage on national level.
Hydrogen storage is even more difficult (if not impossible) to be spread out in large scale due to issues with efficiency and extreme technical complexity which is extremely underestimated by the so called "experts" that german government listens to. But of cause government has previously selected these so called "experts" exactly because of their mindset which is not realistic and not representative but led to statements that the government wanted to be told.
=> very toxic cocktail imo.
U really think they close em down coz they dont "understand" it, lmao
Nuclear energy is actually the best form of clean energy, except when it comes to the waste of creating it. To think that it's in barrel at the bottom of oceans scares me! The same is true for EV batteries. They are detrimental to the ecology. Still, I drive an EV. Engineers are continuously working out ways to handle these first-world problems, and I trust they will. As long as there is money to be had, they'll do it.
Maybe they want communism
ALL of the SIXTEEN they had and they try to demolish them ASAP. We are witnessing the country making collective suicide.
Extremely high energy costs will ruin any economy
I thought they buy cheaply from Russia? oh wait....
They buy from Turkey, India or China with high price too
Exactly. If Nigeria lower their energy cost(one of the highest in world), they would enter a golden age!
@bendedstraw4294 needs to stop the extreme corruption, crime and public defecation sprees, though.
The beginning of the end.. DW is partly guilty of this economic decline, too. No critical, objective reporting on the dumb & eco-fascist economic policies of the government. Just a state-owned mouthpiece.
Interesting: Not even 1 Word about the Submission to the USA.
I am happy you mentioned this... sometimes they come across as a submissive apprentice who does anything to please his master...
😅😅😅😂
DW is mouthpiece of the American government.
No words necessary.
What language are they speaking and what website are you watching it on?
Cheers
No word for sabotage of pipeline & other german interest by Biden , Kamala led US , 😂
This is a sham discussion!!
Germany needs to shake off the American yoke!
Only reason Germany recovered after WW2 was American loans when no allies wanted DE to have any prosperity. Which military will Germany rely on if America leaves? Germans always blame outside factors, when there is plenty at home they need to be focusing on.
America is in no position to have a yoke or any country lol
There is no yoke of America on Germany.
blame game
It's not only cheap gas, oil and Russian market which are missing. Fertilisers, grain and all the other resources which were coming as well. Everything has to be acquired elsewhere with extra price.
On top of that the whole European security structure is going to be restructured soon. As well as world's economic structure is changing.
Germany grows its grains itself.
Germany lost access to second largest car market in Europe. No other country has a larger consumer market for cars bigger than Russia in Europe, except Germany
They don't like to hear these facts..
@@Ingrid-wf4clnot anymore 😭
@@Ingrid-wf4cl Just Google Germany grain import. You will find the statistics.
Journalists interviewing journalists... DW, you can do better....
Academic quoting academics, bruh your statement means nothing
bro you're not alone,as an indonesian we're with you. Indonesia is experiencing similar economic downturn due to double war in ukraine and gaza as influence factors. our buying power is weakening as layoffs on textile and other less profitable industries, in favor of the manufacturing and by extension industrial industries which is more profitable. now this sounds good on paper, but aloot more Indonesians are doing the less profitable industries like textile, stall food market and other less efficient industries. so... know that I feel you on the other side of the globe.
can they?
of course they could do better but that might result in some answers beyond the story they´re trying to get across.
loooooooool
Jajaja. The opening statement is so funny "Efficiency". Based on a country where people still use fax to send or receive info, plenty of documentation must be handed over on paper, no emails, etc.
Worst is that “old fashioned” system of paper coming and going creates a non-ending layer of bureaucrats who slow down the processes and end up costing a lot of tax money for a cero value activity.
And we keep paying high taxes to maintain the inefficient system
I studied here in Germany, graduated and now working as an Engineer, I would definitely say the environment is too stringent and not business-friendly. I am registering for an license to operate a food-related part-time business that sells food in publics event. I have to run 3 different departments and 4 months of wait.
After going through all the hardship and finally getting a license to operate, Finanzamt/Ordnungsamt is chasing my back asking for documents and insurance commitments. Imagine I am just operating a small business that does not aim to generate >10k in revenue, and I have to obtain tonnes of paper works and licenses before I have the "Right" to operate. Just forget about being a Tech entrepreneur, you waste your valuable time building your product/service to paperwork.
Yep. The bureaucracy is out of control.
Companies have said this for years, yet they change nothing. I work in Germany in a factory which was here for over 60 years. In 2 years I am going to lose my job because the company leaves Germany as it is too expensive to produce here they said. Yes things are bad here and with this government they gonna get worse.
@@scarface11991 what is the product they make, in general? Power price too high and/or not reliable?
does this part time job worthy, i guess you must pay 40% tax
So in this recession, how exactly can we guard against the coming financial reset for 2025? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Diana Casteel Lynch” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The biggest problem is arrogance. Can’t teach someone who already knows everything.
Very true ! Their arrogance brought them to where they are now. Am I glad we left at the right time.
I am an expat here and working in 4th German company. I hardly saw anyone like that here. Their arrogance to you might have a cause. People forgets to know about it.
In Europe, there's a growing sense of neglect towards the younger generation. They face lower salaries, longer work hours, and increased responsibilities while witnessing a surge in billionaires, particularly in countries like Germany.
The housing market adds to their woes, as property prices soar, making it difficult to afford homes, let alone start families. To compensate, cheap labor from abroad is often favored, leading to frustration among the youth, who feel betrayed.
People aren't inherently racist, but this frustration arises when governments prioritize external labor over addressing domestic issues. It's high time politicians acknowledge and tackle these pressing concerns rather than resorting to distractions. The younger generation deserves meaningful change. That's why you need skill workers because you were exploiting your young generation.
Good analysis, mate!
All we get told in the UK is that industries such as farming, nursing etc cannot find workers and yet we have plenty of unemployed people. The answer is also we need immigration. The answer is never address why those unemployed don't want those jobs and it's primarily too little pay. The answer is never address wealthy tax avoidance and them not wanting to pay taxes. The answer is wealthfare costs to much, we need to reduce.
@@David-bi6lf I believe it’s important to point out that for years, the UK has relied on immigrant workers, which has kept wages low in sectors like farming and nursing. This has made it hard to attract local workers.
After Brexit, expecting skilled English workers to fill these jobs right away overlooks the issues that have built up over time. We need to focus on paying fair wages and respecting all workers to draw people into these important roles.
@josepedrosantiagosilva9625 That's because there isn't enough of a younger generation to fill the needed positions in an expanding market. Labor shortages are inherently inflationary, hence the high cost of living for younger people with all the angst and frustration that comes with it. It's called the vicious demographic cycle.
spot on. same happens here in switzerland. young people got educated, deferred children, to find themselves in an economy that favours young skilled workers from overseas. people cant find jobs, start families, let alone buy a tiny flat in the suburbs anymore.
If I was Germany right now, I would be depressed too
Look how weak they become. America takes out their vital pipeline and they cant even say anything. Now its economy is in yhe shxtter
Europe needs to think for itself instead of being a lapdog for the USA
Spot on
what do you mean by "thinking for itself"?
Yeah, but there's one problem. Europe is nothing without the US's financial and military largesse that allows it to have its generous welfare system.
European countries beg USA for protection, not the other way around…
@@user2kffs why do they "beg" for USA protection?
3:00 what’s the difference between a German pessimist and a German optimist?
A German pessimist believes things could not possibly get worse. A German optimist believes they could.
One thing that they mentioned is absolutely right. If you work with German colleagues you know how risk averse the culture is. Sometimes it's as if admitting a mistake or failure could be the worst thing that can happen. People have to be allowed to fail to a certain extent if you have to take risks. If you don't take risks you stagnate.
Education is to blame for that. It creates slaves and sheep.
bro you're not alone,as an indonesian we're with you. Indonesia is experiencing similar economic downturn due to double war in ukraine and gaza as influence factors. our buying power is weakening as layoffs on textile and other less profitable industries, in favor of the manufacturing and by extension industrial industries which is more profitable. now this sounds good on paper, but aloot more Indonesians are doing the less profitable industries like textile, stall food market and other less efficient industries. so... know that I feel you on the other side of the globe.
Fear of failure is too big.
Absolutely agree. People will finger point and publicly blame you for your mistakes every single time (I have German IT degree). As a foreigner I always was so afraid of weekly meetings, standups where our CEO used to ask my manager in front of me and all coworkers how I was performing. I hated it every single day. Until I migrated overseas I couldn’t see how it’s not ok. Hopefully that mentality is changing.
Fear , is a German diseas.😊
Your allies the USA achieved what they were aiming for. Cut of your cheap source of energy that was driving the economy , sell expensive US LNG and make companies lose money and look to relocate to america for better incentives and voila...
Seems like the kind of thing that might be said by people trying to weaken an alliance
@@SigFigNewton alliance is just a cover up
Da! Komerade!
@@SigFigNewton Seems the dominating country of this alliance has taught Germany obeiance by harming its economy and damaging Germany's powerful role in Europe.
It's obvious the Russia sanctions are a win-win for USA. Both EU and Russia suffer. Not to mention their disastrous energy policy and then Nordstream. no tears, FAFO.
Any foreigner who worked in Germany and worked in another country knows very well why Germany is in such a bad shape, such a joke country. Thank God I left soon enough.
Why, care to elaborate?
Any reasoning following that sloppy statement?
true
Good for you, Germany doesn't need that kind of mentality, i wonder if it is a joke of a country, why you left yours to go there? Maybe you created false expectations, in this case you are the Joke, not the Country
Glad you got out unharmed........ I fear that they might stop allowing people to leave soon.
Germany sits on the world's largest brown coal fields and could be energy independent. Industry thrives on cheap energy. Sadly, green religious doctrine prevents this. Theocracy is a poor basis for government.
Yes yes cause when we used that coal in the 19. and 20. century and when energy was "cheap" germany was a perfect nation…
"Cough" !
There is nothing wrong with Germany; it’s just as America designed it to be.
A subservient US colony.
@@MuckyMucky-z3c cringe russian trolls here. Hello. Hows ruble today?
Blame America like always
I would blame someone else as well.
@@MuckyMucky-z3c Absurd.
at the end of the day russia is still selling its oil, Germany ain't selling their cars
You know nothing comrade.
Russia is selling their oil to India and China for cheap!
Their are selling their gas for two three times cheaper than before.
Gazprom from being the most valuable and profitable making losses after losses.
Their oil industry is collapsing and it cost around 50$ for Russia to get that oil out of the ground. For Saudi Arabia it’s about 20$ per barrel.
Russian most valuable/profitable oil fields are being depleted and without Western technology they don’t have any capacity to improve their productivity.
The demographics are collapsing fast.
The country have no future .
Germany never only sold cars.
As a german I say germany is far overvalued.
Huge energy costs ( electricity at ~41ct/kWh ) , expensive rent, increasing unemployment, subjective decline of security in day 2 day life, low pensions and further increasing of social contributions.
2021, the average wagie paid ~49% deductions on his salary.
There is this famous saying:
Wer Geld hat der geht, wer keins hat der kommt
And its true
*_"And its true"_* ...as true as "Them eating the cats" and Sleepy Joe Biden making Hurricanes. Lolly :)
Sources there would be great, as e.g. electricity is at 29-32c/kWh for fixed, and 19-27c/kWh variable.
The average net tax rate in Germany was 37.4% in 2023.
But they give money to Ukraine without control
Russia meantime 5ct/kWh, 40ct/liter gasoline, u picked wrong friends😊
As a Canadian, I know that the Americans do not like the idea of a strong German/EU competitor . See "The Crisis in Ukraine Is Not About Ukraine. It's About Germany" by Mike Whitney at the Ron Paul Institute, article written before the war started, it makes perfect sense.
Expecting skilled immigrants (like Indian software engineers) to learn German is absurd. Such talent has a lot of options, so they choose USA. Only desperate low skilled immigrants will do this
I suspect this will be less of a problem in the future.
-The technology to automatically translate from one language to another is already very good.
-people are getting getting more used to wearing speakers in/on their ears.
-AI voices are getting much better at mimicking pleasant-to-listen-to human speech.
Put it all together and it’s likely that in under a decade it will be much more common to work closely with others who don’t share fluency in a common language.
@@SigFigNewtonNot in Germany. Forget it, it won't happen in our lifetime
@@SigFigNewton They don't even have fast internet in Germany bro.
I studied I.T in Germany, i am from India too, I still wonder what makes Germany a first world country, simple things are soo challenging here to the point you want to quit. And i did.
I agree on this one. Highly skilled immigrants should not be required to learn German. English should be enough. But they're also the only ones who should be allowed to come into the country for a longer time or even permanently.
Scholz blames Russia ? Why not himself ?
Russia didn't make him impose sanctions, was he expecting to punch Russia and they won't punch back.
Russia does carry a lot of the blame, true. But the overall problem is Germany's own.
Germans must be free and independant from US..
Only to be subservient to Russia?
thats your oppinon, German dont think they are independant
@@shauncameron8390 purchasing gas from Russia isn't called being subservient
@@petergriffin513at last its cheaper than US gas
Vassals are going down with the empire
You asked for it, you've got it! Good for you!
The British journalist on this panel seems to be an excellent listener, as I gathered from his posture.
Very interesting. I lived in Germany from 2004-2021 and actually, I'm glad to be back in Australia due to these financial struggles. Family always makes a difference.
Germany has an inequality problem. Too few ppl with too much wealth. Older workforce and not enough young people
If you want to see inequality come to South Africa. There's no such problem in Germany
Typical socialist-communist
No oil from Russia no business for Europe 😂
Arrogance, reluctance, aging society, running with the hurd were always a clear hindrance to the country.
Germany once laughed at Trump’s advice 6 years ago. Their arrogance is their biggest problem
How has Trump got anything to do with this? He was the US biggest socialsit he increased debt the most money ever in US history
Wait and see when Trump is back in office and places tariff on cars from Germany
USA? Don’t let me cry hard so many addicted and homeless people…
@@x-men69-96 dude half your country believes giving tax cuts to billionaires helps the average Joe to afford food 🤣🤣🤣
@@sebastiaanl9876 yes because USA gives money and subsidies countries defense like Germany . Is coming stay tuned
High oil and gas prices is to blame.
The war in Ukraine is wrecking the European economy.
The energy price pressures only exposed much greater problems in Germany... All EU countries are suffering from the "war" and "energy prices" but it's the "richest" EU nation that's doing the worst? Yeah, no.
Shouldn't have let the US blow-up your access to affordable energy.
Too soon 😅
@@Zgembo121 Boom!
Russia blew up that option by invading UKR. Now they import North Korean soldiers, lol.
@@NWer-c5u😂😂😂😂 sure thing pal
Russia blew that up, then implemented bots to point the finger at the US. The US had nothing to do with it.
That's what America wanted
Then shame on Germany for being so weak to have to bow to the Americans. It is time people took responsibility for themselves. Five years the Americans told the Germans to deal with the weaknesses of their energy policy and their military ...THEY LAUGHED AT THE USA AND DID NOTHING ABOUT IT.
and all of Europe, except for Germany of course.
More nonsense. The US pays far less attention to Europe than most would desire.
More nonsense. Despite what many European leaders would want, the US pays little attention to Europe except when they are in trouble, again.
Us destroying their own allies
“Why Nations Fail” is a book I would recommend everyone to read. The Government, its Policies and Incentives (open liberal markets) take a center stage in being successful or going down the drain. Should be a mandatory read for everyone in school. When companies and billions in investments are leaving the country, you know something is not working right.
The problem is more what we can expect when the German economy starts falling. We saw it in the 1930's.
Yes and gernans are acting very racist at the moment
Europe and UK is suffering w high energy prices …. meanwhile in Asia nations w natural resources like oil are enjoying a good time .. food is cheap , travel is cheap , energy prices are cheap life is high quality !
The US never allows its enemy or friend to be stronger than it and tries to use many methods to achieve that goal.
I have one question that i think points out problems with the government's plans. Why on earth would you shut down coal and nuclear power plants at the same time?
In both cases the answer is the Green party, their voters which are often women and people in the public service, and it's also supported by journalists, the welfare sector and churches. Same people and organizations created the current immigration situation.
Really on point and correct discussion. Following German current affairs for last 2 years as a foreigner and all the problem of Germany are self made, and they are still continuing. Digging their own grave.
Immaculate and precise German engineered grave?
No surprise.Look who's running the show.
Germany with heavy investments in the Chinese Car industries will suffer from That EU tariff. France and Holland seemed to wanted to destroy the Germany's economy So they can push for dominance in EU with their own Tech companies. Maybe It's time for Germany to quit EU.
In Germany you wait for YEARS to get a licence to start your own business! its such a waste of time
I’v worked in germany , salary is low, prices are high, the good thing is you don’t need work hard 🎉 but it’s no good to economic
Austria is the same. It feel like communism. No matter of how motivated and qualified you are, at the end the income stays in a tiny range.
the prices war not high, but now really high...you cannot afford to go to restaurant any more.
but dont have to work hard is so true, they are so weak and getting ill so frequently
What’s shocking about this current crisis: It’s entirely man-made, in Germany, with precision German engineering. Because, obviously, no country in the world would be able to finance major public works at cheaper interest rates right now than Berlin can…
The threat that Germany poses to the eurozone, EU, and Europe is not “too much government borrowing” but something far worse: 20years of borrowing too LITTLE for government spending and investment.
German superstitions turned a series of banking and sovereign debt crisis in 2009-10 into a lost generation of austerity above all else: innovation, competition, or security. The EU’s fiscal rules and the German Debt Brake were beautifully utopian ideas designed for a geoeconomics planet that no longer exists!
The main problem of Germany and other European countries is their ample subservience to the US. Obviously, the guests of this DW program, including its host, cannot address this issue.
That's not the main problem. The main problems are 1) Lack of cheap Russian energy. 2) Not being able to sell goods into China and Russia. 3) China out-manufacturing Germany.
@@RajDeelish All the problems you have listed are direct consequences of Germany and other European countries ample subservience to the US.
Easy to blame the US. The major reason is culture. It takes a different level of attitude to be a risk taker, reject comfort and be entrepreneurial/ innovative. Free flow of debt and capital is another. That is something which cannot be overlooked.
@@RajDeelishexactly
@@stationtavern8527
Because they need the US for their own survival.
Germany watched as their part investment (NordStream2) was blown up by an ally. Bunch of clowns.
They didnt talk about Solution
If the aministration cant figure out a solution, how can they, especially with their limited understanding of the world
@dw news - the reason for germany's slowdown is an open secret. High bureaucracy, lack of options, not taking risks, and rise of discrimination (based on gender, race, skin colour, passport etc). Bring in an expat on the panel and include them in the conversations as well. They will tell you the other side of things that you wouldn't hear. On one hand, Germany wants more specialised workers and yet there are huge hurdles for these specialists to get jobs.
Did you know even when a non-european completes their studies here in germany, and when they apply for a job at any company, the company has to inform and obtain permission from the local arbeitsagentur to hire them. The company needs to show proof that the position was publicly advertised, there were applications from all backgrounds, and they could not find any local candidate qualified enough to fulfill this role. Hence, most companies choose to go with a local candidate even if it means they are less qualified to avoid the bureaucracy. How is this still allowed to happen? If this is not systemic discrimination, what is?
intersting point of view.. Let me ask you do you have permanent residency in Germany ? here in the US is something similar UNLESS you are permanent resident (or obviously a US citizen).
I thought there was a recent law which changed that.
This is the same in many countries. You cannot come into my country and get a work visa sponsorship doing data entry, obviously, because local supply can fill that role
Then why choose germany?
Yes the reason is everything but the US vassalage 🙃
🇺🇸🇩🇪 President Biden is awarded Germany’s highest honor, the Grand Cross of the Order of Merit, by German President Frank-Walter Steinmeier at a ceremony in Berlin.
What a joke! 😂😂😂
True! A total insult to the Germans! Giving an award to the puppet masters of the German Politicians and who has done nothing but destroying the German Economy and Sovereignty.
Don't worry DW, keep sending money to Zelensky.
Peanuts wvat we send to Ukraine, Ivan.
Peanuts.
Russian bot 🤡
I told the EU in several public consultations on energy that Germany's renewable energy transition would fail. They laughed but they are not laughing now. Interview me. I am Val Martin
Not enough battery research is the main thing. Being innovators in the battery space would have grown their auto industry. Instead it shrinks. And battery advancements are beginning to enable increased use of solar power.
Germany might be too anti nuclear fission as well.
hello Val you are my God, please save the world hahahahahahaha
Look at the state of the people around the table - shockers - never had a job in their lives - all that is wrong with Germany & the EU today.
They're literally journalists, which are legit jobs.
@@LauraTheRed Not journalists. These are propagandists.
German companies pay attention to the origin of the employee when hiring; this leads to poor QUAITY of value creation. I have often experienced in German industry that there were too many uneducated people in managerial positions. German trade unions are unfortunately speechless on this topic.
Germany's public trains are a nightmare
The whole infrastructure is a nightmare in Germany. Only Germans don’t know it. Or they know it but they don’t admit it
Ask Americans how that goes..😂😂😂😂😂
@@sasapopadic384I am an American. It depends on where in the US you are, in our country which spans 4 time zones. Cities like New York, Chicago, and Boston have excellent transit systems. Far better than the Deutsch Bahn. I've lived in Germany for 8 years, and the DB is a disgrace.
"But Germany has a fREE health care"
@@persiathiest1963 free but wait for 3 months? Hahahaha
I work with a few people who are in Germany. They are out the door at 3pm every day and holiday/time off all the time.
Lazy work culture. They call it work life balance. I call it living in poverty and slavery and socio-communism
Germany developed under those pipelines, pipelines gone, sanctions and green policy are taking germany down the drain.
Keep that government and it will only get worse.
(Although its fully merited)
Stop helping Ukraine!
Trump was right about Germany. They picked up their own weight far too late and the German mindset and bureaucracy keeps resting on its laurels. I live here and this sheißer has depressed me. Time to leave.
Germany finds itself in a situation not dissimilar to the situation the US found itself around the time of the original Arab oil embargo in the 1970s. The US was accustomed to being the manufacturing center of the world from the end of WWII to then. It also enjoyed very cheap oil from the Middle East. Then what felt like a massive change of fortunes at the time, we now had expensive energy and lost our manufacturing to Japan and Europe. It took a very long time for the culture and mindset of the country to come to terms with the change in our position in the world. For some, even 50 years later, they still consider the US as it was from 1945-1970, i.e. a dominant hegemon without peers.
Good point
Therefore we need MAGA. With fracking the US can be the energy hegemon again.
Germany is exactly where the US wants it, estranged from from Russia diplomatically (and its cheap energy, resource, and market access), deindustrialising, and leaving Europe never able to challenge US power. That was the real reason of the Ukraine war.
Yeah, like the great relationship Russia had with Poland, Czech Republic, Romania and the others in Central Asia.
So many Russian bots in the comments 🤡
Registration of working hours are EU law, so not specific for Germany, we do that in Denmark also
What Germany did with immigration and especially with nuclear as a response to an accident in Japan is a great example of lunatic behavior.
Germany has been in recession since 2022. If it was only a recovery there would be hope, but a reinvention of the business-, government-, and economy- models are simply above current elites capacity and capability.
Get woke, go broke...Germany is a great example of this.
100%
W H A T??? You obviously don't now what "woke" means. Germans couldn't be further off from _woke_ from my decades of experience with them.
Wrong. The main reason is the lac of cheap Russian energy and China out manufacturing Germany in autos and other things. The only thing woke here is you.
Oh really? I thought Germany and the EU were heaven.
When you follow the US this is what happen
Nope, this is what happens when Russia decides to be a greedy jackass and invade another country unprovoked, then cries and poops their diapers when there are consequences. Russia blew up the pipeline because Germany quit paying them, buncha babies.
yes the risk talking point is spot on. i lived in germany as a student and live in texas and we do take more business risks.
Associating with USA policies without protecting own self interest and self respect is paying the results. The technology holder countries like Germany, Italy and France should get away from USA and UK hegemony but it's too late perhaps.
Excellent reporting! These outside perspectives are what is necessary to awaken the population!
The effects of lack of investment under Merkle is now impacting the country
They invested in Islam LOL
Everything is fine. The German stock market, which represents the economic country, is at a historical maximum. Journalists don't know
Irrational exuberance.
It is the energy prices - it is not that complicated.
How dare you mention the E” word?
We are a german based technology company. Our IT consultants have a lot to do and we could hire more. Actually we are looking for talented, german speaking, IT consultants right now. The economy is indeed not great, but a good company which respects its clients and does a great job will strive.
Hello,
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Best Regards
DW - Thank you for this coverage. It is objective and thorough. To meine Freunde - At least you don't live in a country where your media offerings are a clown show. We are enjoying that here in the US.
The 56 American state.
What's the 53rd state?
@@NWer-c5u uk😉
How absurd.🙄
I don’t understand why you never get economists on here when you talk about economics
Economics is a broken profession.
Everyone agreeing to be wrong, lost in models using absurd assumptions and simplifications
Saying the thing that won’t upset the status quo in order to be invited to speak again
It has nothing to do with loosing the access to cheap energy from Russia 😂😂😂
Love the optimism of the guy who says the UK now has grown up government. 😃
Germany is still using vectoring(copper + fibre optic) to spread Internet nationwide while other countries like the Netherlands and South Korea are more ambitious by invested heavily in fully fibre optic infrastructure, right up to the last mile. Their little or no ambition, risk averse mentality and heavily investing on the wrong things like social welfare that dampen the go-getter spirit of the German people which is holding the country back.
I think Germany is still a wealthy country. They just need leaders that have the country interests rather than the US interests.
This. I live in Germany and everybody I know says the current government is destroying the economy with their green ideology.
Roman-Germanic legal system produces bureaucracy. Too much requirement, regulation, standards costs too much.
Roman = Italy, Spain, France, Portugal, Romania
Germanic = Germany, United Kingdom, Netherland, Austria, Sweden, Denmark, Finland etc
Bureaucracy in Germany is represented by impossibility to fire any municipality worker, lifetime-long job security for municipality workers, no requirements to provide the services in English, and instead, the obligation to provide the services only in German to highly-skilled immigrants who came to support your economy actually
Yeah, xenophobia here is deep.
@@trinleywangmo
But Germany doesn't owe foreigners anything, though.
you have to understand, the politician think the country need foreigners, but not the municipal workers or individual german, your fault
Rundfunkbeitrag already 19€ every month , expensive und unreliable train , expensive gas and killing diesel is the worst mistake, expensive food especially meat . Rent is out of the door ,half salary is just apartment, Rundfunkbeitrag, internet and electricity,food is another 30% ,gas and insurance? Why do I need to work in Germany when I leave all money on bills and can't save anything
I believe in Germany and all its smart, brave and resilient people, Germany will find its way back on track.
Thats what you get for following US.
When Nord Stream went down, so did Germany.
When we elect cowards who kowtow to our so-called allies we shouldn't be surprised when things go off the rails. Oh, and the media is equally to blame for not holding these sycophants accountable.
Most people especially the older ones are in denial of their current situation. Germany is lagging when it comes to modernisation and digitalization. And the older population which dominates their population are so reluctant with these changes. Imagine, they're still using mainly fax machines. Most of my coworkers aged 50 plus to 60s are so negative about paying with cards and prefer to pay cash. That's why most of the small stores, you dont have the option to pay card, only cash.
One thing no one is talking about : price-wise, german products are just not that competitive anymore. Nobody’s willing to pay the crazy premiums for a german product, when there are so many cheaper and qualitatively decent products available across industries. Germany needs to wake up and re-think this strategy.
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