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The European economic powerhouse is transforming into a bureaucratic black hole, with shocking new data revealing the true cost of Germany's regulatory addiction. Since 2011, Berlin's paper-pushing paradise has ballooned compliance costs to a staggering €30B annually - that's 0.7% of GDP literally burned on red tape.
Berenberg Bank's analysis exposes the brutal acceleration: €14B in one-off compliance costs (2021) skyrocketing to €21B (2023). The regulatory tsunami shows no signs of slowing, regardless of which flavor of statism is in charge - from "free market" liberal-socialist FDP to Green rainbow stalinists.
While Asian tigers and American entrepreneurs innovate, German businesses drown in forms. This isn't just bureaucracy - it's economic suicide by paperwork.
If only they had waited a couple more years to destroy the economy, they could have disguised the whole thing with Covid.
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26 sats \ 0 replies \ @TomK OP 6h
But Covid really hit the german desire to kneel down before godfather state
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Germany has long had the reputation of being the most bureaucratic in the UE, it's like a sick addiction
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10 sats \ 0 replies \ @TomK OP 9h
The state is the new religion
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48 sats \ 1 reply \ @Wefa910 9h
German is really falling.
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0 sats \ 0 replies \ @TomK OP 8h
They deserve it after moralizing the world to death
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