2024-01-01 13:51:57
Many people came together in Frankfurt in 1999 for the introduction of the euro as book money. Image: Wonge Bergmann
The monetary union is 25 years old. It caused considerable conflict, especially in the decade of this century. Today, other themes dominate – but the legacy of the past still exists.
The following analysis of Germany’s economic situation could come from a very recent observation. “The current situation in Germany is characterized not only by a pronounced economic weakness, but also by low trend growth.” This resulted in “serious problems,” which were reflected, among other things, in a long-standing low increase in productivity, is it[called
To make matters worse, there is a risk of additional burdens in the long term: “The economic consequences of an aging population on average are among the central economic and socio-political challenges of modern industrial societies. Germany is not alone in this; However, it is comparatively badly affected by demographic change – significantly more so than the USA, France or Great Britain, for example.”
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