The idea of Germany leaving the European Union, known as “Degxit,” is frequently mentioned in the platform of the far-right Alternative for Germany (AfD) party. Despite 87% of Germans supporting EU membership, the AfD proposes a referendum on the matter. However, experts believe that leaving the Union would have devastating consequences for Germany’s economy, DW reports.
AfD’s vision includes a “Europe of Nations” focused on a common market without the euro. Party leaders acknowledge that Degxit is highly unlikely. Economists warn that leaving the EU would cost Germany €690 billion over the next five years, lead to a 5.6% drop in GDP, and result in 2.5 million job losses.
While AfD compares Degxit to Brexit, analysts emphasize that Germany is far more integrated into the EU, making the potential consequences even more severe. Despite these warnings, AfD capitalizes on anti-EU sentiment and hopes for future shifts within the EU that might support their vision.
