Keep pulling the thread on Alexander Wynaendts.
Germany has rapidly readjusted its energy supply by importing Liquefied Natural Gas (LNG) from the United States, the Middle East, and Norway.
The absence of a banking union in the European Union makes it very difficult for banks to achieve European-wide scale.
The European Union's competition policy is more focused on maintaining a level playing field internally among member states than on competing globally with China and the United States.
The combined market capitalization of Bank of America and JPMorgan is greater than that of the top 10 European banks combined.
The European Union's governance model, originally designed for seven members, has not adapted to its expansion to 27 countries, resulting in many key decisions requiring unanimous consent.
Germany's economic model has historically relied on three core pillars: cheap energy from Russia, security provided by the United States, and a large export market in China.
China has transitioned from being primarily an export market for Germany to a fierce competitor.
Germany's economic growth has flatlined for the past two years.
Alexander Wynaendts believes Germany's economic model is not broken but requires significant re-engineering.
German manufacturers are highly dependent on China for their supply chains.
Alexander Wynaendts believes that to remain competitive, Europeans need to work harder, work longer hours, be more productive, and work for more years.
A reform by French President Emmanuel Macron to increase the retirement age by two years was reversed due to a new political situation.