Sound familiar? Germany following Australia.
Does this sound familiar? Emphasise is mine.
In 2023, Scholz declared that Germany’s huge investments in green technology would return it to the glory days of post-war economic miracle. That’s not how it’s working out. Energy-intensive companies are moving operations to the U.S., another reminder of the competitive advantages that flow from America’s (relatively) low energy costs.
For the U.S. to walk away from them would be nuts. And now, the return of Donald Trump— the tariff man himself — poses a further threat to Germany’s export model. It could also encourage more German companies to relocate more manufacturing to the U.S., behind any Trump (tariff) wall.
Germany is uncompetitive even compared with some parts of the EU, meaning that companies are continuing to move production to cheaper countries such as Hungary and Spain. And when Germany’s car companies do this, so do the companies that serve them.
Oh and this:
Regulations impacting German businesses encompass some 50,000 pages, compared with 34,000 a decade ago, despite multiple rounds of legislation aimed at reducing the burden. A recent survey of more than1,700 companies by the Ifo economic institute revealed that almost half had postponed projects at home in the last two years because of such issues.
It has unfortunately and sadly become by catch phrase/sign off. However, doomed. We are doomed.
Actually, it is Australia following Germany. Albo and the Green/Teal are taking their lead from the most renewable energy reliant country in Europe, Germany, that is driving Blackout Bowen's ideology driven rush to destroy Australia's economy. They started way before us and even shut down their nuclear power. Australia, instead should be following France and install nuclear power which is less polluting and more ecologically sound as it needs a smaller footprint and is reliable.