The Independent - United Kingdom | Friday, May 16, 2008
Germany healthy once more
The newspaper comments Germany's surprisingly positive economic data in a leading article: "German gross national product expanded by 1.5 per cent in the first three months of this year – double the predictions of many analysts. ... Germany does seem to be proving rather more resilient ... than many other European countries, notably Britain. And these latest figures should give us pause to consider the merits of a balanced economy. ... The German state education system has traditionally counterbalanced the lure of finance by placing a strong emphasis on technical training and apprenticeships. We, on the other hand, have been content to let raw market forces decide career options. Winston Churchill remarked that he would rather see finance less proud and industry more content. That would seem a sensible prescription for the British economy once the worst of this crisis is out of the way."
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