: :inin Kyiv (EET)

Rich Germany Has a Poverty Problem


BERLIN — The signs of Germany’s economic might are hard to miss. There are the swanky new high-rise hotels cropping up on Berlin’s main shopping mile and luxury condominium complexes spreading across the government quarter. In the southwest, Germany’s engineering heartland, auto parts factories are humming and newfound confidence is brimming.
In a little over a decade, the country has transformed from Europe’s “sick man,” as the Economist once famously called it, to the continent’s economic engine. The export industry is already the second largest in the world and outperformed expectations in February, bolstered by a weak euro. Notoriously tightfisted Germans …read more

Source: Foreign Policy

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