Germany’s ‘crisis’ is something other countries should envy: View

If you were to ask business interests in the newly resurgent Eurozone what is going on, the answer would probably be ‘not a lot’. This is particularly the case in Germany, where Europe’s traditional economic powerhouse Deutschland AG is driving on ahead with growth rates that leave the increasingly fragile UK economy falling behind.

German industry isn’t in crisis – far from it. Germany’s Ifo Business Climate Index recently reported that its measure of business confidence had hit an all-time high of 117.5, with almost half of all engineering exporters working on the assumption that their share of world trade will increase in the coming months.