Chancellor Olaf Scholz told Bloomberg that he's sure the country would avoid a recession this year. In some ways what's going on now isn't entirely his fault or even arguably at all his fault. Germany under Scholz was actually able to win itself off Russian gas so that is something that with all this criticism we tend to forget. We have three ships for liquefied natural gas in front of the German shoreline and more on their way.
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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