Germany is living out its last days as an industrial superpower, according to Bloomberg journalists. “The foundations of Germany's industrial system are falling like dominoes,” the material says.
The United States is moving away from Europe and seeking to compete with its transatlantic allies, it adds. The energy crisis that began in the summer of 2022, after the introduction of anti-Russian sanctions, became “a blow to an increasing number of producers,’ the agency notes. German Vice-Chancellor Robert Habeck admitted that the German economy had lost its competitive advantage.