There is a great economic report over Germany over at Focus this morning, and I'd strongly recommend a read of the interview that their folks did.
The blunt and negative side of this report? Economist Bert Rürup sat down and laid out the future for Germany, and it's not pretty.
He talks a great deal to a path taken at the end of the 1990s by the SPD government in Germany....led by Gerhard Schroder....that took certain measures and created what he called the "second German economic miracle".
This 'golden era', as Rürup describes it....is coming to a closure, and the next era won't be that great for the economy.
He points at globalization changing, as part of the issue ahead. Then he also got into the topic of the German car industry, which is a major part of the success of the economy (has been since the 1950s). Then he dropped the big issue...demographics. Germany has the birth-rate problem, and it's hard to see the path out of the spiraling population.
So this makes one wonder....does Germany need a Schroder-like character to walk in and spend eight years working on the next 'economic miracle'? And if so....who is that individual? Presently from the SPD, no one really fits the bill. From the CDU? Maybe Merz from the CDU Party.
If nothing occurs over the next decade to resolve this path? Serious economic problems, with chaos in the mix? Potentially, yes.
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