TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Germany is the new Greece

Chancellor Olaf Scholz is trying to keep the people hopeful, but the economy seems to have other plans

Ansh Pandey by Ansh Pandey
July 29, 2023
in Geopolitics
Germany is the new Greece
Share on FacebookShare on X

An index of purchasing managers revealed that Europe’s largest economy is in contraction mode and it is actually getting worse. If that wasn’t enough, the Munich-based Ifo Institute’s survey showed even more deterioration in the current situation and businesses’ prospects. 

Ifo President Clemens Fuest went as far as saying that the economy probably shrank more than what the government predicted in the past three months. Ouch! Looks like the slump from the first quarter is refusing to leave the party.

Also Read

EU Leaders Macron, Merz and Tusk Paraded Moldova to Ensure the Victory of Pro-Western President Ahead of Crucial Elections. What Will be Moscow’s Move?

“If you don’t like it, don’t buy it,” India’s Foreign Minister S Jaishankar’s strong message to the US and EU, defending buying Russian oil, days before the Trump tariff deadline for India

“GERMANY WILL LEAVE THE EU!” Alice Weidel Sparks Debate Over “Dexit” as AfD Becomes Germany’s Most Popular Party

Germany’s Five-Year-Old Imprisonment 

So, what’s the grand plan to save Germany from this economic mess? Well, they’ve decided to pull out the ol’ Greek playbook. You remember Greece, right? That nation faced a financial crisis and had to go through years of pain and suffering to be saved back in 2008.

Source: NY Breaking

Economy Minister Robert Habeck is warning his fellow Germans that they’re in for five tough years of a green industrial transition that’ll “put more burden” on the people. But hey, they’re still going for it and asking the government to approve fresh subsidies to keep the industrial base afloat.

And here comes the irony train! Remember how Germany played a pivotal role in shaping those Greek bailout packages? They imposed stringent austerity measures, budget cuts, and reforms on Greece, leaving the Greeks fuming with resentment and historical grievances.

Read More: Biden punishes Germany for opposing its Ukrainian plan

A Tough Pill To Swallow 

Now, Germany finds itself standing at the very same crossroads. They have to choose between sticking to their debt rules (which they once proudly created for the EU) or risking the loss of their precious industrial base. 

The Green Politician, Robert Habeck, is practically shouting from the rooftops that Germany may have to break its own debt rules to survive this economic storm. Breaking rules? Who would have thought? But hey, desperate times call for desperate measures, right?

Source: EUObserver

The options are clear, according to Habeck: borrow money or watch their industry go down the drain. Tough choices, but Germany better make them quickly, or companies will take their investments elsewhere. Say goodbye to those coveted investments if they don’t act fast!

Truly, it’s karma at its finest! Germany, once the economic powerhouse of the EU, now facing the same struggles it imposed on Greece not too long ago. The Greeks were furious, and rightly so, when Germany dictated their economic recovery. Now the tables have turned, and Germany is in the hot seat.

Read More: It’s official Germany cuts Ukraine’s arms supply

So, to all the Germans worrying about the future, welcome to the club! The economy is misbehaving, and it’s time to face the consequences. It’s a tough pill to swallow, but hey, it’s a dose of their own medicine.

The moral of the story? Be careful how you treat others when they’re down and out because you never know when the tables might turn. For now, Germany can only hope for a miracle, tighten their belts, and brace themselves for the rollercoaster ride that is the economy. Good luck, Germany! You’re going to need it.

Watch More:

Tags: DebtEuropeGeopolGeopoliticsGermanyNewsOlaf ScholzRobert HabeckUpdates
ShareTweetSend
Ansh Pandey

Ansh Pandey

Associate Editor, tfiglobalnews.com

Also Read

Portuguese President Says Trump is “a Russian Asset”

Portuguese President Says Trump is “a Russian Asset”

August 29, 2025
‘Your Purchases Killed Civilians':  US Senator Lindsey Graham blamed India, China, and Brazil for Russian oil imports for Ukraine deaths, backing Trump’s tariffs. Who is Graham and why is he targeting India?  

‘Your Purchases Killed Civilians’:  US Senator Lindsey Graham blamed India, China, and Brazil for Russian oil imports for Ukraine deaths, backing Trump’s tariffs. Who is Graham and why is he targeting India?  

August 29, 2025
Russia’s Putin and North Korea’s Kim to Attend China Military Parade: Display of Power?

Russia’s Putin and North Korea’s Kim to Attend China Military Parade: Display of Power?

August 28, 2025
Trump’s Advisor Peter Navarro Declared Ukraine ‘MODI’S WAR’ and ‘Road to Peace Runs Through New Delhi’

Trump’s Advisor Peter Navarro Declared Ukraine ‘MODI’S WAR’ and ‘Road to Peace Runs Through New Delhi’

August 28, 2025
Venezuela Seeks UN Support Against the ‘US Military Threats’. What’s Trump’s Next Move?

Venezuela Seeks UN Support Against the ‘US Military Threats’. What’s Trump’s Next Move?

August 27, 2025
Nuclear Threat to the US? Secret Missile ICBM Base Discovered in North Korea that can hit to American Mainland- Reports 

Nuclear Threat to the US? Secret Missile ICBM Base Discovered in North Korea that can hit to American Mainland- Reports 

August 27, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.