The publication of the IFO business index in Germany for February, which is significantly lower than expected (84.4, the lowest level since the low point of the COVID period) after 86.3 in January, reflects the current difficulties of the German economy. But the essential question is whether these are the consequences of the current international instability and will therefore fade away in the future or a structural change affecting a country whose economic model has long been the benchmark in Europe.
Paul Valéry, in his study published in 1898 (A Methodical Conquest) described it as follows: "To ...