Part 3/8:
In addition to the inflated energy costs, Germany faces a significant risk of de-industrialization, especially within its famous automotive sector. The high energy prices and stringent green energy mandates, including incentives for electric vehicles, have contributed to an alarming loss of around 200,000 jobs in this critical industry. The shift has diminished Germany's ability to compete in international markets, undermining its historical status as a leader in manufacturing and engineering.