Is this VHS?
If so, is it recorded in the EP (6-hour) mode?
Have you tried adjusting the tracking manually?
Do other PAL G tapes play this way, or is the problem just with this one tape?
The last question is an attempt to determine if this is indeed a VCR problem, or just a problem with this one tape.
There are multiple things going on, judging by the various horizontal offsets that are happening at regular intervals, looking vertically down the left edge. In addition, you have the considerable wobble.
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