Part 6/12:
Former German energy ministers have leaked insights that they knew this would happen but faced political pressure from Brussels and Washington that prevented any proactive measures. The official government narrative portrays the current crisis as temporary—an energy transition supported by liquefied natural gas terminals and a push towards renewables. But these solutions are riddled with problems: LNG costs far more than pipeline gas, and renewable energy cannot sustain heavy industry 24/7 due to technology gaps.
The Stark Numbers and Future Outlook
Economic data paints a grim picture. Germany’s GDP contracted in 2023, and the IMF projects it will be the worst-performing major economy worldwide—not just in Europe—surpassing even Russia, which is under sanctions.