Germany got cheap gas from Russia, free security from the U.S., low cost imports from China, and Southern Europe as captive markets.

Sucks when the massive free ride ends doesn’t it? https://t.co/bMKFQho02X

— Matt Stoller (@matthewstoller) October 5, 2022

Matt’s right. Germany was being subsidized in many important ways. That’s over for now. Gonna be painful for them, even if they were receiving several unwarranted boons.