Germany needs to get lots and lots of renewable energy online. They also need to come up with partnerships to kind of import some energy from abroad. Germany's bureaucracy is really something that holds back the country, he says. He thinks there will be continued to be a kind of steady deindustrialization in Germany.
For decades, Germany has been the driving force of Europe’s economy. But now, as it emerges from a winter recession, the nation’s resilience is showing signs of breaking down–and that could mean trouble for the rest of the continent. Bloomberg’s William Wilkes and Jana Randow join from Frankfurt to talk about why Germany has lost its economic edge–and what it will take to get it back.
Read more: Europe’s Economic Engine Is Breaking Down
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