Germany is dragging Europe’s financial system down — and that’s nice for crypto

Within the newest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest financial system. Based on a latest headline in The Wall Road Journal, “Germany is dragging down Europe’s financial system.“ The article explains how the nation closely is determined by manufacturing, which has been harm as overseas governments rush to guard home industries.

Based on Pechman, Germany’s gross home product (GDP) ranks fourth globally, 42% greater than France’s GDP. Furthermore, manufacturing is chargeable for almost 20% of its financial system. To make issues worse, the manufacturing business in Germany employs 10% of the workforce.

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