Elsewhere..

 
 

 For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products. 

Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.

The loss of Moscow’s cheap natural gas, an unprecedented shock to Germany’s energy-intensive industries, long the manufacturing powerhouse of Europe.

Germany risks “deindustrialization” as high energy costs and government inaction on other chronic problems threaten to send new factories and high-paying jobs elsewhere.

The cheap Russian fuel no is enjoyed by India and China. ( AP)