Tuesday, July 12, 2022

COLUMNISTS_ How Angela Merkel's Green Agenda Caused the Economic Collapse of Germany

Townhall

Townhall  -  Columnists  -  Stephen Moore

OPINION

How Angela Merkel's Green Agenda Caused the Economic Collapse of Germany

Stephen Moore
| Posted: Jul 12, 2022 12:01 AM

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.


Source: Hannibal Hanschke/Pool Photo via AP


Remember how the world, especially the American media, fawned over former German Chancellor Angela Merkel?

The adoration was so over the top that in 2015 Time magazine named Merkel its "Person of the Year." It described her as the "Chancellor of the Free World."

Time owes whatever readers it has left a solemn apology. Today, Germans are suffering the bitter fruits of nearly every major economic and geopolitical decision Merkel made as chancellor.

Start with the German economy that she attempted to reset for the 21st century, which is reminiscent of how President Joe Biden explains to inflation-weary voters that we are going through "an incredible transition."

But Merkel's Germany was ahead of us in its "transition." Today, the German economy is in tatters. A recent headline from Business Insider summarized the chaos: "German Industries Could Collapse Due to Russia Natural Gas Supply Cutbacks." The Daily Telegraph recently described Germany as "the sick man of Europe." Things are getting so desperate that the Germans are now considering rationing gas for their major industries to keep the lights on.

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READ MORE: https://townhall.com/columnists/stephenmoore/2022/07/12/how-angela-merkels-green-agenda-caused-the-economic-collapse-of-germany-n2610047

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