Germany is heading for a recession that is being caused by the bureaucracy around its green energy policies, the country’s opposition party has warned.
Once one of the world’s strongest economies, Germany is now expected to have the worst performing economy of any leading nation in the world, according to stats from the International Monetary Fund and the Organisation for Economic Co-operation and Development.
Friedrich Merz, the 67-year-old leader of the Christian Democrats opposition party, claims that this slump is a direct result of the government’s overly bureaucratised green energy policies, which are being led by The Greens in coalition with Chancellor Olaf Scholz’s Social Democrats.
‘Unfortunately, 2023 will be a year of recession,’ Mr Merz told German newspaper Bild am Sonntag.
‘If the insane amount of bureaucracy isn’t stopped soon, if energy prices don’t fall quickly, then 2024 won’t be a good year either.’
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