Germany ‘in Free Fall’ as Industry Warns of Worst Crisis Since WWII

Ina FASSBENDER / AFP

"Germany’s leading industry group has warned that the country is facing its “deepest crisis” since the post-war years, urging Chancellor Friedrich Merz’s government to act faster to revive the struggling economy.

Peter Leibinger, president of the Federation of German Industries (BDI), said on Tuesday that Europe’s largest economy was “in free fall” after two years of recession, weighed down by soaring energy prices, collapsing export demand, heavy regulation, and fierce competition from China and the United States.

The BDI now expects German factory output to fall a further two percent in 2025—the fourth year of contraction—as layoffs mount across manufacturing, including at Volkswagen and Bosch. Entrepreneurs blame overregulation and fading innovation culture, warning that Germany’s industrial base is eroding.

Merz says reforms on taxes and power costs will take time to show results. The government forecasts modest growth next year, helped by higher defence and infrastructure spending."

It was the years of 1997 to 1999. 1997 was the year that began the restructuring of the Maine electricity market with the promise of lower prices from electricity generators no longer controlled by the Maine utilities, CMP and Bangor Hydro; a promise that became the gaslighted event of the century.

January 1998 and the Ice Storm of the Century devastated the physical power system of Maine.

And then, in1998 saw the establishment of the "Renewable Portfolio Standard' led by the Green Mafia King, aka, Angus King. It was so benign, after all, it called for 30% of Maine's electricity mix to be renewable which it already was, so what was the harm?, but within the document, carbon dioxide first appeared and was established as a environmental criminal element and the "New Green Scam" was off and running. 

Fast forward to today, we haven't had any more Ice Storms of the magnitude of the '98 storm. Weather hasn't changed all that much. The events that have happened since 1998 have occurred before, road washouts, falling tree parts laying out power lines, snow in the winter, heat in the summer, etc.

What has changed is the hostile takeover of electricity generation in the name of carbon dioxide influenced weather. The gaslighting of 1997 expanded to become the existential threat of our lifetime. We were doomed unless the Government could come up with something to save us and thanks to Governor King the whole plan was unfolded before the Legislative heroes:  Renewables at any cost. 

Germany, once the mightiest economy of the European Continent embraced renewables with all they had. Now they are just a fragment of what they were.

Will Maine follow in Germany's footsteps? Maine people are no longer in a benign mood as we were in 1997. Electricity prices are severely pinching budgets and yet the weather remains the weather. 

We have been fooled and it is not funny nor pleasant.