An Oct. 30, 2011 article in Deutsche Welle (DW) reported that “in the 1960s, Turkish workers arrived in Germany to fill the demand for cheap labor in a booming post-war economy. Many of them never left, creating a minority community that changed the demographics of Germany forever.” By the mid 1980s there were about 1.5 million Turks in West Germany out of a total of 2 million foreign ‘'guest workers,'’ or Gastarbeiter.
Are the tables about to be turned, under the new reality created by the collapsing Western financial system and the insane policy of sanctions against Russia?
“Germany Faces Sharp Drop in Real Income” is the headline RT put on an article today covering a report issued on Nov. 8 by the Ifo Center for Macroeconomics. Their projection is that real income loss will reach €110 billion during the 2021-2023 period, which equals 3% of Germany’s annual economic output. Germany is being forced to stop its imports of Russian oil and natural gas, and its exports to Russia are also collapsing under the weight of the sanction policy.
