The Risk of Deindustrialization of Germany

Germany has demonstrated throughout history that it can be reborn from its ashes, like the mythical phoenix bird. After two devastating world wars, the country had the ability, strength, and discipline to recover and become the undisputed leader of Europe. The advantages obtained by Germany in the last 20 years, such as ample trade, cheap energy and strong industry, made the country the strongest power in Europe and gave its political leaders a false sense of security and relaxation. In this article, I have identified several problems facing the German economy and I have emphasized the importance of taking urgent and radical measures to avoid a series of devastating long-term effects, including the risk of deindustrialization.