What's Wrong With Germany?
Fierce competition from China and high energy costs are just two of the reasons Germany’s famous industrial machine is sputtering. How did this crisis come to pass, and can Germany adapt in time? (Corrected to replace image of German currency at 1:17) Explore these and other related stories in more depth on Bloomberg.com: BMW Offers Severance Packages to Employees to Cut 8,000 Jobs https://www.bloomberg.com/news/articl... VW Eyes Cutting 100,000 Jobs and Closing Plants, Report Says https://www.bloomberg.com/news/articl... 00:00 Introduction 00:57 The Importance of German Industry 01:07 Title Card 02:01 Germany's Industrial Output 03:11 The Three Pillars of Germany's Economic Success 03:35 The Energy Crisis 04:52 China Shock 2.0 07:36 Rising Protectionism and Trade Fragmentation 08:11 Government Response and Fiscal Constraints 09:38 Social and Political Consequences 10:45 The European Stakes 11:22 Signs of Hope and the Road Ahead #Germany #China #IndustrialAI -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptio... Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.
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