Risk for the business model Germany

It is a sign of weakness: the euro, which has almost always been more valuable than the dollar for more than 20 years, has slipped to parity between the two currencies. This means that Germany, as the industrial heartland of the monetary union, is also counted.

Two other reasons underscore this: The series export world champion, admired and hated for its surpluses in the trade balance, has now reported a deficit for the first time in a long time. At the same time, the value of the entire German stock market slipped below the two percent threshold of the world stock market.

So has now come the time for another farewell to Germany’s business model?

It’s not that easy. The German economy is far from lost. First of all, it’s worth taking a look at the details: the supposed weakness of the euro is more of a dollar strength. Because compared to other currencies, the European common currency is also at a high level.