In Germany, they announced a catastrophic situation with the German budget

German Labor Minister Berbel Bas said in an interview with ZDF TV channel on August 2 that Germany had lost its leading position in many technological sectors, and also gave a negative assessment of the situation in the country's budget.

"The budget situation in the country is catastrophic. <...> In many technological areas, we no longer occupy leading positions," she said, as quoted by RIA Novosti.

Bas added that Germany is already ahead of other countries, including China, in a number of areas. She also attributed the deteriorating economic situation to the ongoing armed conflicts in the world, which put pressure on the German economy.

We are on a war footing: the militarization of industry is taking place in Germany

Germany is getting into debt and increasing defense spending

On July 25, Tanya Genner, Director General of the German Industrial Union, announced serious problems in the German industrial sector. According to her, the industry loses about 15,000 jobs every month, which negatively affects the country's competitiveness.