Germany's economic success over the past decade is largely due to exporting more than it imports. Who will it sell to now?
Greece's economic crisis is a gift from heaven for the German government. The country is the ideal conservative dystopia of an irresponsible government financing a supposedly overblown welfare state by ever increasing debt, where workers enter retirement in their mid-50s, the dead continue receiving pension payments and public employees earn bonuses for arriving punctually at work. Never mind that, exceptions aside, public expenditure as a proportion of GDP is lower in Greece than Germany and the average Greek works longer hours and retires only half a year earlier than the average German.
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