A car is seen after heavy snowfalls near Irschenberg, Germany. The German economy is getting the worst of both worlds: not only is the economy of China, Germany’s major trading partner, slowing down, the German car sector has also been hit by the EU’s latest emissions regulations. Photo: Reuters

Europe’s economic woes are more troubling than China’s

Anxiety about a global slowdown is building up in Germany and across Europe. Yet, when even Beijing is taking policy measures to support the Chinese economy, the European Central Bank is unwisely tightening its policy.