It's actually an existential threat for a lot of people. The German leadership just like the USA is so far detached from the normal population that they won't care, and the normal population in Germany isn't like in the middle east, so they will likely take it with some complaints.
But since you can't easily get loans like in the US in Germany I wonder what that will mean for people that can no longer afford their bills though. I've seen people being taken to jail in Germany for unpaid 20 Euro bills or not paying public transit.