Pan-Nordic Summit keynote speaker identifies Germany as biggest threat to Europe’s economy
Forget Greece, it is Germany that poses the greatest threat to Europe’s economy, according to the views of Göran Persson, the former prime minister of Sweden, as reported in local media today.
The comment is carried in financial newspaper Dagens Industri, which cites property investor publication Fastighetsvärlden.
“Europe’s economic problems are spelled Germany,” Persson is reported to have said.
The key driver of this problem is demography: Persson suggests that the ageing population of Germany is threatening to undermine the country’s economy, which currently is acting as the engine pulling along the entire region.
A similar challenge faces Poland, the UK and France. The biggest danger among the Mediterranean countries is found in Italy, but it is not worth being worried over the future of Greece, as it is not threatening a systemic failure.
Looking outside the EU, Persson has said that the sanctions against Russia are biting, and that this may bring an end to the Putin administration.