Germany enters the global economic wars

Leonid Bershidsky
Germany Economy Minister Peter Altmaier presented a new industrial policy on Tuesday which puts the country's "industrial and technological sovereignty and capacity" at the forefront. The strategy calls for government support to ensuring the survival
Germany Economy Minister Peter Altmaier presented a new industrial policy on Tuesday which puts the country's "industrial and technological sovereignty and capacity" at the forefront. The strategy calls for government support to ensuring the survival of existing national champions.PHOTO: REUTERS
  • Published
    Feb 7, 2019, 5:00 am SGT
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With the US and China increasingly competing rather than cooperating, Europe cannot stick to the old concept of globalisation.

A draft of Germany's new industrial strategy, presented by Economy Minister Peter Altmaier on Tuesday, is all about surviving in a competitive world - an approach he wants to sell to the German public first and then to the rest of the European Union.

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A version of this article appeared in the print edition of The Straits Times on February 07, 2019, with the headline 'Germany enters the global economic wars'. Subscribe
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