Germany faces a “British fiasco” in the economy if the current anti-crisis plan is implemented, analysts at the American Citibank say.
Chancellor Olaf Scholz wants to invest 200 billion euros to support the population and businesses. However, this could cause a collapse similar to what happened recently in the UK.
“The main danger is that other Europeans may follow (Berlin’s) example,” the experts noted.
The German program to combat the energy crisis will force the ECB to tighten monetary policy, and this will result in a sharp increase in interest rates on government bonds in the eurozone, Citibank warned.