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Germany Buckles Under Model Relying on China and Russia

Started by Epoch-Times-Bot, Dec 11, 2022, 02:30 PM

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Epoch-Times-Bot

Dec 11, 2022, 02:30 PM
Germany Buckles Under Model Relying on China and Russia

Commentary
Last month, German chancellor Olaf Scholz admitted to something every German knew but was afraid to say: the country's business model is broken.
Germany's strategic national business model, predicated on globalization and interdependency, is backfiring. It's the nation-building equivalent of putting all of your eggs in one basket. In this case, two baskets: Russia and China. Germany depends on Russia for most of its energy needs, and it depends on China for most of its export-driven economy.
Scholz said Germany's "one-sided dependence" on China and Russia must end.
The chancellor is shifting Germany's longstanding policy. The country is committing 2 percent of its GDP to defense and bolstering NATO's eastern defenses, accelerating the move away from Russian energy, building more liquid natural gas (LNG) terminals, and committing to becoming a nuclear nation....

Source: Germany Buckles Under Model Relying on China and Russia

xenzol

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Jun 23, 2024, 12:35 PM

xenzol

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Aug 23, 2024, 04:23 AM
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