Romania’s economy is failing under the cold eyes of Germany

By Constantin Radut
Failing to destroy Romania’s national unity, immediately after the fall of Ceausescu, in 1989, Greater Germany (reunited) dealt strong economic blows to Romania.
The most significant is that Romania’s economy is more dependent on Germany’s than any of the other economies in the EU’s Eastern Bloc. According to AHK Romania, based on the data of the Federal Bureau of Statistics (Destatis), “With a volume of trade of EUR 16.4 billion (+ 20.5%) in the first six months of the year, Romania ranks 20th in the top to Germany’s trading partners in the first half of 2021 .” In foreign trade, Romania is configured in recent years as a mono-exporter (over 75% of exports are destined for the EU). Of Romania’s total exports, more than 20% are destined for German companies.
Unlike the policy adopted towards other Eastern states, Germany reserved for Romania the title of branch on parts and small equipment. Especially for the automotive industry. Almost a quarter of the Romanian manufacturing industry is represented by subsidiaries or subsidiary companies of the German automotive industry in Romania. Germany has car assembly plants in all Eastern EU countries. But not in Romania.
After the installation of Klaus Iohannis as president of Romania (ethnically German in Romania), many analysts predicted a change of attitude and vision of Mrs. Angela Merkel towards our country. This did not happen. Moreover, Germany has constantly advocated for the economic marginalization of Romania and its consolidation as an export market for cheap labor. The scandals related to the exploitation of Romanian workers in asparagus farms in Germany left the Berlin Chancellery cold and careless.
The Bavarian side of the German conservatives was not Romania’s best friend either. They were friends only with Klaus Iohannis.
Romania’s status as a colony of cheap labor for the German car industry also results from the results published today by Eurostat regarding the EU’s industrial production in August 2021. Romania has closely followed the evolution of the situation in Germany. Compared to August 2020, Germany’s industrial production increased by 1.9%. Among the smallest increases among developed EU countries. Romania’s industrial production was 1.1% higher than in August 2020. Among the smallest increases compared to the states of the Eastern Union. Compared to the previous month of 2021, in August the industrial production in Romania was minus. Like Germany.
Sad records for Romania’s economy led by Klaus Iohannis and his “friendly” governments, but unable to manage the country and its economic and social policies.