Angela Merkel has weakened the German economy from 2005 until now

In the early 2000s, Gerhard Schröder significantly restored the German economy: marked improvement in competitiveness and profitability, improvement in the education system, corporate tax cuts, corporate modernisation. From 2005, this provided Germany with a long period of prosperity, built on this strong cost competitiveness and its consequences: growth in investment, exports, industrial production and employment, and in the employment rate. But now, the German economy is in a bad condition again: deteriorating cost competitiveness, stagnating productivity, specialisation in industries of the past and, as a result, concern about the future and precautionary savings. It has to be admitted that since she became Chancellor (November 2005), Angela Merkel has squandered the strong situation that the German economy was in at the time.