Germany’s shoppers are still spending
http://dervishcom.blogspot.com/2011/12/germanys-shoppers-are-still-spending.html
BERLIN — Amid crushing unemployment, slashed benefits and deep pessimism about Europe's future stands one beacon of cheer this holiday season: Germany, where shoppers are spending more than they have in years.
The country whose leaders have the most power to address the euro crisis is also the one that has been most insulated from its effects, resulting in an unhurried pace to address the continent's problems as others gnash their teeth. While Germany preaches the virtues of governments not spending more than they have, its own means have proved expansive, with unemployment the lowest in decades and government benefits largely untouched.
Read full article >>--
Source: http://feeds.washingtonpost.com/click.phdo?i=069b1e1baf4a7c08ca3adb39494e86a8
~
Manage subscription | Powered by rssforward.com
