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German Government Trio, from ‘Cash Kings’ to ‘Crash Duo’

The magazine Focus has drafted a partial list of government subsidies to Green Transition projects that failed—incinerating billions of Euros that could have gone to reasonable social investments:

€600 million for the Northvolt battery factory in North-Rhine Westphalen was totally lost, after Northvolt filed insolvency;

€10 billion for an Intel chip factory in Magdeburg, which has been postponed indefinitely:

€1 billion for the Wolfspeed semiconductors production line in Saarland, also postponed;

€5 billion for a TSMC chip making factory in Dresden—incredibly not yet postponed;

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