{"id":29843,"date":"2025-07-14T10:47:16","date_gmt":"2025-07-14T08:47:16","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=29843"},"modified":"2025-07-14T10:55:07","modified_gmt":"2025-07-14T08:55:07","slug":"germany-has-everything-to-lose","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/crisis-in-germany\/germany-has-everything-to-lose","title":{"rendered":"Germany has everything to lose"},"content":{"rendered":"<p data-start=\"55\" data-end=\"195\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"29846\" data-permalink=\"https:\/\/michelsanti.fr\/en\/allemagne\/lallemagne-a-tout-a-perdre\/attachment\/allemagne-3\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?fit=1900%2C1097&amp;ssl=1\" data-orig-size=\"1900,1097\" 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=\"allemagne\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?fit=1024%2C591&amp;ssl=1\" class=\"alignnone size-full wp-image-29846\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?resize=1170%2C676&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"676\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?resize=300%2C173&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?resize=1024%2C591&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?resize=768%2C443&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?resize=1536%2C887&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png?resize=1200%2C693&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p data-start=\"55\" data-end=\"195\">\n<p data-start=\"55\" data-end=\"195\"><strong>It\u2019s Germany that has the most to lose from the 30% tariffs imposed by the USA: just look at its gigantic trade surplus with Trumpian lands.<\/strong><\/p>\n<p data-start=\"197\" data-end=\"444\"><strong>For at least 20 years\u2014through hundreds of articles, countless conferences, and interviews\u2014I have been warning: <\/strong><\/p>\n<p data-start=\"197\" data-end=\"444\"><strong>Europe must not give in to German pressure, which seeks to turn it into a mega export machine, a continent reduced to mere mercantilism.<\/strong><\/p>\n<p data-start=\"197\" data-end=\"444\"><span style=\"color: #008000;\"><strong>++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++<\/strong><\/span><\/p>\n<p data-start=\"446\" data-end=\"668\"><strong>In addition, listen to and watch my <a href=\"https:\/\/www.youtube.com\/watch?v=dcL6cMcokkE&amp;t=1793s\" target=\"_blank\" rel=\"noopener\">geopolitical interview with <em data-start=\"510\" data-end=\"522\">Fronti\u00e8res<\/em><\/a>: Syria, Israel, Lebanon, Iran\u2026 everything is covered, including of course reflections on my exceptional encounters during my <em data-start=\"648\" data-end=\"668\">&#8220;Levantine Youth.&#8221;<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s Germany that has the most to lose from the 30% tariffs imposed by the USA: just look at its gigantic trade surplus with Trumpian lands. For at least 20 years\u2014through hundreds of articles, countless conferences, and interviews\u2014I have been warning: Europe must not give in to German pressure, which seeks to turn it into&hellip;<\/p>\n","protected":false},"author":4,"featured_media":29846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","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":[648942778,648942777,648941294,648941653],"tags":[],"class_list":["post-29843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crisis-in-germany","category-germany-2","category-neoliberalism","category-ordoliberalism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Germany has everything to lose - 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\/crisis-in-germany\/germany-has-everything-to-lose\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany has everything to lose - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"It\u2019s Germany that has the most to lose from the 30% tariffs imposed by the USA: just look at its gigantic trade surplus with Trumpian lands. For at least 20 years\u2014through hundreds of articles, countless conferences, and interviews\u2014I have been warning: Europe must not give in to German pressure, which seeks to turn it into&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/crisis-in-germany\/germany-has-everything-to-lose\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-14T08:47:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-14T08:55:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2025\/07\/allemagne.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1097\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Germany has everything to lose\",\"datePublished\":\"2025-07-14T08:47:16+00:00\",\"dateModified\":\"2025-07-14T08:55:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose\"},\"wordCount\":102,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/allemagne.png?fit=1900%2C1097&ssl=1\",\"articleSection\":[\"crisis in Germany\",\"Germany\",\"neoliberalism\",\"ordoliberalism\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/crisis-in-germany\\\/germany-has-everything-to-lose\",\"name\":\"Germany has everything to lose - 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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\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\/2022\/08\/empire-allemand-versailles-1871.jpg?fit=528%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?fit=528%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/08\/empire-allemand-versailles-1871.jpg?fit=528%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":27210,"url":"https:\/\/michelsanti.fr\/en\/ordoliberalism\/pitiful-germany","url_meta":{"origin":29843,"position":1},"title":"Pitiful Germany","author":"Michel Santi","date":"December 17, 2024","format":false,"excerpt":"\u00a0 Germany is now heading toward early elections. Chancellor Scholz has lost the confidence vote in Parliament, signaling the end of the coalition that had already collapsed on November 6. The main issue? In short, the budget, and especially the famous \"debt brake\" that was enshrined in the German constitution\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\/2024\/11\/trade-deficit-1.jpg?fit=1200%2C710&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/trade-deficit-1.jpg?fit=1200%2C710&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/trade-deficit-1.jpg?fit=1200%2C710&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/trade-deficit-1.jpg?fit=1200%2C710&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/11\/trade-deficit-1.jpg?fit=1200%2C710&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13736,"url":"https:\/\/michelsanti.fr\/en\/germany\/the-european-illusion","url_meta":{"origin":29843,"position":2},"title":"The European illusion","author":"Michel Santi","date":"March 15, 2017","format":false,"excerpt":"The infamous Treaty of Versailles which was imposed on Germany following the First World War forced the nation to pay the astronomical sum of 132 billion Marks. This iniquitous treaty was to provoke the Occupation of the Ruhr in 1923 by France, displeased at the delays in German payments. In\u2026","rel":"","context":"In &quot;debt&quot;","block_context":{"text":"debt","link":"https:\/\/michelsanti.fr\/en\/category\/debt"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/versailles_traite.jpg?fit=848%2C730&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/versailles_traite.jpg?fit=848%2C730&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/versailles_traite.jpg?fit=848%2C730&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/versailles_traite.jpg?fit=848%2C730&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13595,"url":"https:\/\/michelsanti.fr\/en\/germany\/there-is-no-german-miracle","url_meta":{"origin":29843,"position":3},"title":"There is no German miracle","author":"Michel Santi","date":"March 14, 2015","format":false,"excerpt":"German politicians live and evolve in a parallel universe. Their trade surpluses, their fiscal and restrictive fiscal policies and their anemic domestic investment are all compelling evidence of the \u201ceconomic autism\u201d of their government elites. Those political leaders incessantly affirm in public the validity of these surpluses as if trying\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\/nein.jpg?fit=600%2C300&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/nein.jpg?fit=600%2C300&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/nein.jpg?fit=600%2C300&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":25555,"url":"https:\/\/michelsanti.fr\/en\/european-union\/germany-holds-back-europe","url_meta":{"origin":29843,"position":4},"title":"Germany holds back Europe","author":"Michel Santi","date":"January 21, 2024","format":false,"excerpt":"The most serious economic mistake of Germany in the last 20 years. Celebrated at the time as a victory for fiscal and budgetary discipline, breaking away from the carelessness attributed to the vast majority of European Union members strongly encouraged to follow suit. Engraved in the marble of the Constitution.\u2026","rel":"","context":"In &quot;European Union&quot;","block_context":{"text":"European Union","link":"https:\/\/michelsanti.fr\/en\/category\/european-union"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/01\/OS.jpg?fit=1200%2C513&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/01\/OS.jpg?fit=1200%2C513&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/01\/OS.jpg?fit=1200%2C513&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/01\/OS.jpg?fit=1200%2C513&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/01\/OS.jpg?fit=1200%2C513&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":19827,"url":"https:\/\/michelsanti.fr\/en\/germany\/germany-is-drowning-in-its-ordoliberalism","url_meta":{"origin":29843,"position":5},"title":"Germany is drowning in its ordoliberalism","author":"Michel Santi","date":"December 31, 2019","format":false,"excerpt":"Do the Germans, who in their overwhelming majority are staunchly opposed to what they call the \u201cHaftungsunion\u201d, also known as transfer union implying that their country pays too much money into Europe, live in a parallel universe? Might the Germans have become populist in that they don\u2019t hesitate to dig\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\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/12\/Ernst-Ludwig-Kirchner.jpg?fit=1050%2C700&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/29843","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=29843"}],"version-history":[{"count":4,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/29843\/revisions"}],"predecessor-version":[{"id":29853,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/29843\/revisions\/29853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/29846"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=29843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=29843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=29843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}