The energy turnaround is one of the strongest and most damaging influences on the economy of the Federal Republic, and therefore on the economy of Europe. This policy is being pursued in a double game between the Commission and Olaf Scholz's cabinet.

The bankruptcy of SIGNA Holding is sending shockwaves through the construction and retail sectors. However, it is very clear that banks, insurance companies and politicians have contributed significantly to this misery.

From the basic economics course we know that a central bank has to intervene here and raise key interest rates to push inflation down. This can work if the economy is strong enough. But if the economy is not strong enough, there is a danger of recession.

Economists are worried because after industry, the service sector is now also sliding into recession. Millions of jobs are at stake. The governments' concepts are toothless and do not tackle the root of the problem.

Germany is currently pursuing an economic policy course that is leading the country straight into a really deep crisis. All those countries whose economies are closely linked to Germany are being dragged along.