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Politics
Economics

Putin Is Pushing Germany’s Economy to the Breaking Point

Russia’s squeeze on gas supplies shows the era of cheap energy is over Germany.

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Likelihood of German Recession ‘Clearly’ Increasing: Ifo’s Fuest

In Germany, some industrial furnaces have been running without interruption for decades. If they cool down suddenly, the molten materials harden and the system breaks. 

That’s the kind of concern sweeping through Europe’s largest economy as it faces an unprecedented energy crisis.