Europe’s largest economy, which is already in choppy waters, appears to be headed for worse times as it rapidly loses its attractiveness as an industrial location. Germany’s sky-high energy prices, precipitated by a lack of cheap natural gas and improvident anti-nuclear and ‘green’ energy policies enacted by the left-liberal government, have had a devastating impact on the country’s industry, according to a new study.
The study, carried out by the consulting firm Deloitte with the support of the Federal Association of German Industry revealed on Tuesday, November 14th, that two-thirds of German companies surveyed had already relocated parts of their value-added chain abroad, the Berlin-based daily Die Welt reported.
