Is Germany Losing its Mojo?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 29 June 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Germany is booming, yet some commentators suggest the nation's loss of confidence on the football pitch may mirror economic angst back home.
A shortage of skilled workers, inadequate public investment, a failure to grasp new technologies - these are just some of the criticisms that Germans level at their own economic performance. And at the heart of it is a political crisis over the influx of migrants - something many economists say is sorely needed in this ageing nation.
Anna-Katarina Noryskiewicz reports from Berlin, plus presenter Rob Young speaks to Gabriel Felbermayr, director of the Ifo Centre for International Economics in Germany.
(Picture: A German fan looks dejected following defeat in the 2018 World Cup; Credit: Kevin C. Cox/Getty Images)
Transcript
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| 0:00.0 | Hello, I'm Rob Young. |
| 0:05.8 | Welcome to Business Daily from the BBC. |
| 0:08.7 | Germany is Europe's economic engine, but there's a warning all may not be well. |
| 0:14.3 | Does it have enough construction workers to build the schools and roads that it needs? |
| 0:19.3 | More than half of students who leave school go to university, |
| 0:25.4 | but there are nobody who will become an electrician or a plumber or a worker on site. |
| 0:32.7 | Some say immigrants could do the job instead, but has that been made politically impossible by the rise of the populist right? |
| 0:40.5 | This new political competition paralyzes their coalition and they are captured in infighting, |
| 0:46.3 | and that is certainly not looking good for the future of the Germany economy. |
| 0:50.0 | We'll ask if Germany could lose its place at the top of Europe's Economic League. |
| 1:20.2 | The German National anthem, a piece of music that will no longer be played during this year's World Cup. |
| 1:27.1 | The national team has, for the first time in eight decades, crashed out of the tournament in the first round. The football squads |
| 1:28.7 | fall from grace is a national humiliation, but it was expected by many fans. |
| 1:36.5 | It was really bad and they deserved to crash out. The preparation was really bad this time. |
| 1:43.0 | I hope they will learn the lesson to prepare themselves better next time. |
| 1:46.7 | The team didn't even fight, not even after the first goal, a bad match. |
| 1:53.2 | We definitely deserve to be out. |
| 1:55.7 | This has to be said clearly. |
| 1:57.3 | Certainly there have to be some changes. |
| 1:59.9 | The performance of the football team has led to much soul-searching in Germany, |
| 2:04.0 | and there's concern the performance of the national squad might be seen as a metaphor for Germany itself. |
| 2:10.9 | Thomas Matussek used to be Germany's ambassador to Britain. |
... |
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