Today I read a few articles on how Germans feel about having the best performing economy in the eurozone, and how they feel about bailing out other countries, most notably Greece. The first article I read said that only 53% of Germans seemed to be against the bailout, which to me was very surprising because I expected there to be many more Germans. However, the last article I read, which was not dated, quoted a German man saying that about two thirds of the people in Germany oppose the bailout, which to me makes more sense. I am curious however if they know how much they rely on these other countries, mostly like Spain and Italy, and if that plays a large roll in their decision. Because, if all the other major economies are not doing well, then Germany will most likely follow because they rely heavily on exports. Another interesting thing was that A.M. was starting to lose favor within her own party over the bailout issue, and there are almost enough people in her party that are voting against the bailout, that she will possibly have to start relying on the opposing party to keep bailing out Greece.
One of the most interesting things I learned though, was that while all the other economies around them have been seeing declines and recessions, Germany has seen growth. The reason stated was that due to some prior reforms when the global recession began, Germany quickly turned it around by cutting some pensions, and in return has enjoyed continued growth. This growth has accelerated since many companies are now moving to Germany since they have lower taxes, and the economy has not felt the hardship as those around it.
http://www.reuters.com/article/2012/02/26/us-eurozone-germany-poll-idUSTRE81P0BW20120226
http://www.nbcnews.com/business/economywatch/germans-edge-key-greek-austerity-vote-nears-829606
One of the most interesting things I learned though, was that while all the other economies around them have been seeing declines and recessions, Germany has seen growth. The reason stated was that due to some prior reforms when the global recession began, Germany quickly turned it around by cutting some pensions, and in return has enjoyed continued growth. This growth has accelerated since many companies are now moving to Germany since they have lower taxes, and the economy has not felt the hardship as those around it.
http://www.reuters.com/article/2012/02/26/us-eurozone-germany-poll-idUSTRE81P0BW20120226
http://www.nbcnews.com/business/economywatch/germans-edge-key-greek-austerity-vote-nears-829606