Germany is going through a tough time, Russia sanctions are not as expected
(Baonghean.vn)- Bloomberg news agency quoted German Chancellor Olaf Scholz as saying that the country's economy is going through difficult times, especially due to its dependence on exports.
Chancellor Scholz stressed: "Current economic growth is not satisfactory." However, despite this situation, Chancellor Scholz expressed his opposition to increasing public debt, because "I am not sure whether the EU really wants this." Chancellor Scholz recalled that Germany increased its public debt by hundreds of billions of euros in recent years to cope with the pandemic and minimize the impact of sanctions against Russia, causing energy prices to rise sharply.
Previously, commentator Albrecht Meier of the German newspaper Tagesspiegel affirmed that the economic sanctions imposed by the EU and the US have caused much less damage to the Russian economy than initially expected, and this development is being closely monitored by the Berlin government. Commentator Meier emphasized: "Western sanctions have not had a major impact on the Russian economy as many politicians in the EU and the US initially expected. According to forecasts, next year, Russia's gross domestic product (GDP) may return to the level before the conflict in Ukraine." Meanwhile, a representative of the German Ministry of Economy said that the government is "focusing on studying sanctions against Moscow" to increase their effectiveness./.
