Germany is ‘kaput’: Why the economic model no longer works in the proud country of automobiles

Industrial production in Germany began to fall earlier and faster than in other eurozone countries, says Sander Tordoir, chief economist at the Centre for European Reform (CER) think-tank, who points out to EL PAÍS the shock that the war in Ukraine has had on the country’s economy: “The German model was based on energy from Russia and on export-driven growth thanks to demand from the United States and China. These pillars have been deeply shaken.”

...“The German economy is flexible enough to create new companies and markets, but this process is hampered by worn-out infrastructure, persistent gaps in digitalization, and slow capital markets,” Tordoir explained to EL PAÍS before the government crisis.