Germany** announced some fiscal spending decisions in November, making it the first country to fall into financial difficulties since Germany reunited. Because there is a budget deficit of more than $60 billion, it must restructure its budget to cover its fiscal deficit. However, this move has aroused dissatisfaction from all walks of life, among which farmers are the most dissatisfied, because they feel that they have violated their previous subsidy promises and violated their legitimate rights.
On the 18th, thousands of peasants drove tractors and trucks into Berlin, Germany, and unprecedented demonstrations broke out. They blocked the road around the Brandenburg Gate and shouted slogans to cash in on the subsidy program. The organizers of the event said that the march was attended by 32,000 people who came from all parts of the country, all of whom were victims of the withdrawal or postponement of subsidies. They say they owe the United States more than a billion dollars in grants that keep them alive and thriving.
German Finance Minister Lindner attended a press conference that day to appease the discontent of the farmers. In his speech, he said that Germany's finances are under much greater subsidies than ever before. He said Germany must invest its limited money in education, infrastructure and industrial development to ensure long-term gains. He added that we respect what these farmers do, but we also want them to understand and support our decisions. However, these people were not interested in his speech, they just cheered and whistled.
Analysts blame Germany's economic crisis on its foreign and economic policies. After the outbreak of the Russian-Ukrainian war, Germany imposed strict economic sanctions on Russia, which greatly hindered the economic, trade and energy cooperation between Germany and Russia. Germany is also trying to reduce its dependence on China, and has imposed a certain degree of restraint on investment, science and technology through China and Germany. Such a move has already cost Germany two of its main partners, and Germany's leading role in Europe has been undermined. Germany's tax revenues and exports have fallen sharply, creating an imbalance in the fiscal balance.
Some critics argue that Germany's actions are being carried out in a self-inflicted way, with an impact not only on its own economic development, but also on its own social stability. In order to alleviate the economic crisis, Germany may have to finance it through debt issuance. However, it will also leave Germany with higher debt and interest rates, as well as an impact on Germany's credit rating and global reputation. In order to rebuild Germany's prosperity and harmony, Germany must undergo deep introspection and adjust its foreign and economic strategy accordingly.