4 ms·
I'm German I find the recent sentiment towards Germany enjoyable but a bit surprising. Not long ago we we're the sick old man of Europe and Ireland was the Euro
by lenni 16y ago
I'm German I find the recent sentiment towards Germany enjoyable but a bit surprising. Not long ago we we're the sick old man of Europe and Ireland was the European tiger.
I like life in Germany but it all seems like flavour-of-the-month journalism.
- bd_at_rivenhill 16y agoflavour-of-the-month journalism You have a redundant adjective there.
- mhd 16y agoIreland has the same problems that the US has right now: Not enough industry. Germany actually produces a lot, which made the crisis less severe, even considering that the German finance sector basically did everything wrong they could do wrong. The boom in Ireland was founded on the service industry, with huge tax breaks to finance it. And the US has been moving more and more industrial jobs offshore. I don't want to over-simplify. The US has a higher population and thus doesn't need to export as much. But actually manufacturing something ain't that bad. Didn't someone complain recently that even Silicon Valley is doing that less and less?
- anonymousDan 16y agoDon't know about that, a large part of the boom in Ireland was founded on the construction industry, fuelled by an oversupply of cheap credit. As far as I know its service industry (and exports in general) are holding up pretty well.