Europe’s economic engine breaking down

ISLAMABAD: Germany has been Europe’s economic engine for decades, pulling the region through one crisis after another.But that resilience is breaking down, and it spells danger for the whole continent. Decades of flawed energy policy, the demise of combustion-engine cars and a sluggish transition to new technologies are converging to pose the most fundamental threat to the nation’s prosperity since reunification. But unlike in 1990, the political class lacks the leadership to tackle structural issues gnawing at the heart of the country’s competitiveness.