{"id":22725,"date":"2022-08-05T09:59:29","date_gmt":"2022-08-05T07:59:29","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=22725"},"modified":"2022-08-05T09:59:29","modified_gmt":"2022-08-05T07:59:29","slug":"germany-a-country-undone","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/germany\/germany-a-country-undone","title":{"rendered":"Germany: a country undone"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"22726\" data-permalink=\"https:\/\/michelsanti.fr\/en\/germany\/germany-a-country-undone\/attachment\/empire-allemand-versailles-1871\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?fit=528%2C400&amp;ssl=1\" data-orig-size=\"528,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"empire allemand versailles 1871\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?fit=528%2C400&amp;ssl=1\" class=\"alignnone size-medium wp-image-22726\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?resize=300%2C227&#038;ssl=1\" alt=\"\" width=\"300\" height=\"227\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?resize=300%2C227&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?resize=120%2C90&amp;ssl=1 120w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?w=528&amp;ssl=1 528w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The energy crisis is upsetting the balance of power in Europe, as we finally have realised that Germany is indeed quite fallible.<\/p>\n<p>The country\u2019s moral authority was constantly being unleashed upon Mario Draghi during his time as president of the ECB because of his active monetary policy. Germany\u2019s arrogance went as far as proposing to sell the Acropolis to the Chinese in order to finance Greece (and therefore to its own banks that were intertwined with them), and also treated the \u201cClub Med\u201d countries of Spain and Italy with suspicion. The ordoliberalism of this nation where the same word means both debt and sin (\u201cSchulde\u201d) has now been reduced to ashes so much so that the \u201cMade in Germany\u201d label now seems to have been built on fallacious grounds. Germany\u2019s prosperity was in fact built upon the backs of its low-cost workers and on Russian gas bought in abundance and at good rates.<\/p>\n<p>The leaders of Germany have clumsily fallen into a geopolitical trap, the result of which having now turned out to be catastrophic for their country that imports more than 60% of the gas it consumes from Russia. The fact that Russia has completely cut off all supply is likely to cause a depression in Germany equivalent to the ones that followed the world wars! And now Germany\u2019s economic model and its true parasitic nature are being challenged and seen for what they really are by those who once preferred to turn the other cheek, impressed by its massive trade surpluses that were in reality merely the inevitable consequence of a country dependent upon the consumption of another.<\/p>\n<p>I was at Davos in January 2005 when Gerhard Schr\u00f6der, the then Chancellor of Germany, made a resounding statement on stage at the World Economic Forum, proudly announcing to have \u201cbuilt up one of the best low wage sectors in Europe\u201d. The infamous Hartz reforms, also known as \u201cAgenda 2010\u201d, put in place in 2003 were to affect more than 40% of the German population who were reduced even to counting up their jewellery and family trinkets to determine how much in unemployment benefits they would be entitled to. The consequences of this frugality for Germany were above all harmful to itself as year after year it is coming in at around 30<sup>th<\/sup> place in the world rankings for quality of road, rail and even internet infrastructure! Have another read of <a href=\"https:\/\/michelsanti.fr\/en\/germany\/german-prosperity-a-nightmare-for-40-of-its-citizens\">German prosperity: a nightmare for 40% of its citizens &#8211; Michel Santi<\/a> to understand more.<\/p>\n<p>Today, and while its Minister for Finance keeps obsessively calling for a reduction of its deficits, Germany finds itself confronted with its interminable demons \u2013 that Marx was indeed right when he warned that, for the second time, history would repeat itself like a bad joke.<\/p>\n<p>In the face of an abnormal inflation rate in the way of 10%, Germany will therefore \u2013 logically \u2013 not play the game of increasing its workers\u2019 wages. This iron first with which its leaders rule over their citizens\u2019 incomes has been going on for some twenty years now, is unique in the annals of Europe, and has transformed the country\u2019s labour market into an ocean of low-skilled, underpaid workers worthy of the most neoliberal of economies in the world, where the market has the first and final say.<\/p>\n<p>The once proud Germany has fallen from grace. Only a few days ago it persuaded the European Commission to urge the 27 member-states to reduce their energy consumption by 15% this coming winter, and was met with a scathing dismissal by the once stigmatised Spanish \u201ccicada\u201d. Teresa Ribera, Minister of Ecological Transition, retorted that her country had done its homework and met its objectives in this regard, and that Spain (\u201cand not Germany\u201d being the underlying message) \u201cwas living within its means\u201d.<\/p>\n<p>The end of an era.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The energy crisis is upsetting the balance of power in Europe, as we finally have realised that Germany is indeed quite fallible. The country\u2019s moral authority was constantly being unleashed upon Mario Draghi during his time as president of the ECB because of his active monetary policy. Germany\u2019s arrogance went as far as proposing&hellip;<\/p>\n","protected":false},"author":4,"featured_media":22726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941253,648941294],"tags":[],"class_list":["post-22725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-germany","category-neoliberalism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Germany: a country undone - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/germany\/germany-a-country-undone\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany: a country undone - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The energy crisis is upsetting the balance of power in Europe, as we finally have realised that Germany is indeed quite fallible. 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Paris and London are cities of the past,\u201d a German acquaintance confided to me only three years ago. It was still the golden age for a country convinced that globalization, so beneficial to its industry, would last forever. Angela Merkel, hailed as\u2026","rel":"","context":"In &quot;export machine&quot;","block_context":{"text":"export machine","link":"https:\/\/michelsanti.fr\/en\/category\/export-machine"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/chanceliers-allemands.jpg?fit=1200%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/chanceliers-allemands.jpg?fit=1200%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/chanceliers-allemands.jpg?fit=1200%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/chanceliers-allemands.jpg?fit=1200%2C750&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/chanceliers-allemands.jpg?fit=1200%2C750&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13802,"url":"https:\/\/michelsanti.fr\/en\/germany\/europe-is-sick-with-germany","url_meta":{"origin":22725,"position":1},"title":"Europe is sick with Germany","author":"Michel Santi","date":"May 28, 2018","format":false,"excerpt":"My intention here is not to fall into caricaturisation or outrage, but Germany is now being governed a bit like Ceausescu's Romania. Just before being overthrown, he managed to run up a surplus in the way of 9 billion dollars on his country\u2019s balance of payments, just like how Olaf\u2026","rel":"","context":"In &quot;Germany&quot;","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/ordolib%C3%A9ralisme-allemand-600x278.jpg?fit=600%2C278&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/ordolib%C3%A9ralisme-allemand-600x278.jpg?fit=600%2C278&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/ordolib%C3%A9ralisme-allemand-600x278.jpg?fit=600%2C278&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13730,"url":"https:\/\/michelsanti.fr\/en\/germany\/a-germany-living-on-borrowed-time","url_meta":{"origin":22725,"position":2},"title":"A Germany living on borrowed time","author":"Michel Santi","date":"February 18, 2017","format":false,"excerpt":"The narrow-minded attitude of the Germans with regards to austerity, currency and money in general is totally counterproductive in Europe\u2019s current situation. There is nevertheless one certainty: they are sincere! In fact, Germany\u2019s behaviour can only be understood in relation to its at the very least tormented history. Wasn\u2019t bread\u2026","rel":"","context":"In &quot;Germany&quot;","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/hyperinflation.jpg?fit=1200%2C511&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":21320,"url":"https:\/\/michelsanti.fr\/en\/austerity-2\/germanys-grave-historical-manipulations","url_meta":{"origin":22725,"position":3},"title":"Germany\u2019s grave historical manipulations","author":"Michel Santi","date":"April 8, 2021","format":false,"excerpt":"\u00a0 Proof that the economy is also \u2013 and maybe first and foremost \u2013 political, German economists are now trying to rewrite history. There are some big names attempting to fiddle with the historical facts, adjusting them to fit their theories, or rather their fears. These ordoliberals, bordering on the\u2026","rel":"","context":"In &quot;austerity&quot;","block_context":{"text":"austerity","link":"https:\/\/michelsanti.fr\/en\/category\/austerity-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/04\/Allemagne.jpg?fit=600%2C314&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/04\/Allemagne.jpg?fit=600%2C314&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2021\/04\/Allemagne.jpg?fit=600%2C314&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13710,"url":"https:\/\/michelsanti.fr\/en\/germany\/overcoming-the-german-autocracy","url_meta":{"origin":22725,"position":4},"title":"Overcoming the German autocracy","author":"Michel Santi","date":"May 29, 2016","format":false,"excerpt":"German households and businesses are clearly creditors and in surplus with regards to countries abroad. As for the German government, its objective is to clear its public debt and run a budget surplus. So why would it now trouble itself with the endemic deceleration of the country\u2019s domestic investment, which\u2026","rel":"","context":"In &quot;Germany&quot;","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13798,"url":"https:\/\/michelsanti.fr\/en\/germany\/german-prosperity-a-nightmare-for-40-of-its-citizens","url_meta":{"origin":22725,"position":5},"title":"German prosperity: a nightmare for 40% of its citizens","author":"Michel Santi","date":"April 12, 2018","format":false,"excerpt":"The German economic miracle has its dark side, demonstrated by a massive budget surplus of 1.2% of GDP \u2013 that being 38.2 billion euros in 2017 \u2013 that\u2019s causing the country\u2019s infrastructure to tumble, which is now the worst infrastructure of all the rich and industrialised nations. Germany\u2019s disproportionate public\u2026","rel":"","context":"In &quot;Germany&quot;","block_context":{"text":"Germany","link":"https:\/\/michelsanti.fr\/en\/category\/germany"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/wolfgang-schauble11.jpg?fit=736%2C759&ssl=1&resize=700%2C400 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/22725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=22725"}],"version-history":[{"count":1,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/22725\/revisions"}],"predecessor-version":[{"id":22728,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/22725\/revisions\/22728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/22726"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=22725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=22725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=22725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}