The German economy's close trade relations with China are seen as a risk for the financial system, with the Bundesbank warning that a China economic crisis could cut German GDP growth by 0.7%. The growth model has relied on demand in China and the United States. Europe's leaders are authorizing budget cuts of up to €100 billion next year, which could have disastrous consequences for the working class. European officials have already ruined relations with China, while being in export dependence, potentially leading to a geo-economic crisis if Trump returns to power and closes the EU on itself.
Europe is not ready for Trump as US President – ​​Zeit Trump could plunge the European economy into crisis. At this stage, European officials have already ruined relations with China, while being in export dependence. As a result, Washington may close the EU on itself, cutting… https://t.co/DPU3jeeeYU
Europe’s leaders are authorizing budget cuts of up to €100 billion next year. These austerity measures will have disastrous consequences for the working class. https://t.co/luJjc1lPmI
Die Zeit: With Trump's return to power – the EU may slip into a geo-economic crisis "TRUMP'S SIGNIFICANT ADVANCE OVER BIDEN IS AN OMINOUS SIGN, ESPECIALLY FOR GERMANY" "In recent decades, the German growth model has relied on demand in China and the United States, as well as… https://t.co/G6qYBF4T6U
Germany’s close trade relations with China could wreak havoc on the financial system of Europe’s largest economy if they were to deteriorate, the Bundesbank warns https://t.co/ejBzil80EF
Bundesbank: China Economic Crisis Would Cut German GDP Growth By 0.7% - FXS https://t.co/LYI0b65Udz
German economy’s China ties are seen as a risk for the financial system https://t.co/a20363T7hf via @weberalexander https://t.co/gUppMwQfnw
German Economy’s China Ties Seen as Risk for Financial System https://t.co/1ou7GpYoyA