Why does Germany have such a good economy?

[EdwardBaiamonte]

Previous points aside,I think alot of Germany's strength also comes from its location in Europe with borders to Denmark, Poland, Czech Republic, Austria, Switzerland, France, Luxembourg, Belgium, Netherlands with a short link to the UK. Thats alot of markets within easy reach. It has a coastline and an excellent rail and road network. Statistics about Germany show that a large population with high education standards and good work ethic, combined with the factors above can be very successful.

Germany has no minimum wage and tries to be fiscally responsible which is why liberal Europe wants to be on German welfare. We must pray their Nazi guilt does not force them to yield to the liberals.

 

[usmcstinger]

The last GDP numbers I saw show Germany as very close to recession territory. They are an export driven economy, but there ain't a lot of buyers out there right now. If I'm not mistaken, they took steps some years ago to pare their gov't spending and keep taxes competitive.

I love people who make statements without providing a viable source. You better look at the numbers again , stupid.

 

[BakshisMouse]

The last GDP numbers I saw show Germany as very close to recession territory. They are an export driven economy, but there ain't a lot of buyers out there right now. If I'm not mistaken, they took steps some years ago to pare their gov't spending and keep taxes competitive.

I love people who make statements without providing a viable source. You better look at the numbers again , stupid.

I think that 0.5% is rather close to recession, especially considering last quarter it shrank by -0.2%.

Germany GDP Growth Rate

 

[usmcstinger]

They have a solid manufacturing base of high quality/highly sought products.
At the same time you have the German citizenry. A base of people that understand all to well that their consumer choices has a direct impact on each other. Something Americans have absolutely no clue on.
WalMart failed abysmally in Germany. Quickly opening 85 stores...they are all closed today. Every one of them.

Protectionist trade policies are not sustainable in today's world. If the eurozone folds, Germany's manufacturing base could take a major hit.

Germany's major trading partners are not in Western Europe.

 

[BakshisMouse]

Germany's major trading partners are not in Western Europe.

Is that so?

Top Ten Germany Export Destinations:

1. France
2. The Netherlands
3. China and Hong Kong
4. USA
5. Italy
6. UK
7. Austria
8. Belgium and Luxembourg
9. Switzerland
10. Poland

 

[BakshisMouse]

Google Search: German Export Destinations

Top Result:
[PDF]
German export destinations: China already overtaking USwww.hypovereinsbank.de/.../rese_publ_mont_ecsp_englisch_11031...You +1'd this publicly. Undo
File Format: PDF/Adobe Acrobat - Quick View
Mar 10, 2011 – German export destinations: China already overtaking US. This morning, the German export figure for January was released. With a minus of ...

 

[Wiseacre]

The last GDP numbers I saw show Germany as very close to recession territory. They are an export driven economy, but there ain't a lot of buyers out there right now. If I'm not mistaken, they took steps some years ago to pare their gov't spending and keep taxes competitive.

I love people who make statements without providing a viable source. You better look at the numbers again , stupid.

Germany GDP Growth Rate
The Gross Domestic Product (GDP) in Germany expanded 0.50 percent in the first quarter of 2012 over the previous quarter. Historically, from 1991 until 2012, Germany GDP Growth Rate averaged 0.3000 Percent reaching an all time high of 2.1000 Percent in June of 2010 and a record low of -3.7000 Percent in March of 2009. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Germany is the largest economy in Europe. The German economy is heavily export-oriented. In fact, exports account for more than one-third of national output. As a result, exports traditionally have been a key element in German macroeconomic expansion, accounting for over half of the economic growth in recent years
Germany GDP Growth Rate

You might wanna hold off on the insults, stupid.

 

[EdwardBaiamonte]

Previous points aside,I think alot of Germany's strength also comes from its location in Europe with borders to Denmark, Poland, Czech Republic, Austria, Switzerland, France, Luxembourg, Belgium, Netherlands with a short link to the UK. Thats alot of markets within easy reach. It has a coastline and an excellent rail and road network. Statistics about Germany show that a large population with high education standards and good work ethic, combined with the factors above can be very successful.

I had a professor who said if Germany could not conquer europe by war it would do so by business. They are far and away the most ambitious people in Europe. They are not big wine and cheese fans like the rest of Europe.

 

[usmcstinger]

a

Rather than austerity and tax reform, the real reason for Germany's prosperity the euro currency's fostering of Germany's trade surplus. Spain can be said to have managed its finances better than Germany did in the pre-crisis years.

Spain's Debt to GDP

Germany's Debt to GDP

How To Use Gross National Product As An Indicator
Gross national product (GNP), an expression used to measure economic growth and wealth, is often misleading because of its limitations. There are certain situations when using GNP is useful, but if used improperly it can confuse and deceive.

She assumed office in 2005.
Since being sworn in as chancellor on November 22nd, 2005, Merkel has led a Grand coalition consisting of the CDU, CSU, and the Social Democratic Party of Germany (SPD), while also continuing her free-market economic agenda and relationship with the United States. She has also been focusing on redesigning the German health care system and tax reform.
Prior to 2005, Germany was a typical Socialist "Nanny State".

You can not take all numbers at face value. One needs to do further research and look at other numbers.

http://www.tradingeconomics.com/unemployment-rates-list-by-country?c=major
Latest unemployment rates by Country:
USA 8.2
UK 8.2
France 9.8
Germany 7.4
Italy 10.20
Spain 24.4

The Gross Domestic Product per capita in Germany was last reported at 37260.16 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Germany, when adjusted by Purchasing Power Parity is equivalent to 170 percent of the world's average. Historically, from 1980 until 2010, Germany GDP per capita PPP averaged 22595.3000 USD reaching an
all time high of 37260.1600 USD in December of 2010 and a record low of 9781.3500 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Germany GDP per capita PPP.


The Gross Domestic Product per capita in Spain was last reported at 32070.08 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Spain, when adjusted by Purchasing Power Parity is equivalent to 146 percent of the world's average. Historically, from 1980 until 2010, Spain GDP per capita PPP averaged 18055.0300 USD reaching an
all time high of 33200.7700 USD in December of 2008 and a record low of 6850.2700 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Spain GDP per capita PPP.

You still have not provided a viable source to prove "Rather than austerity and tax reform, the real reason for Germany's prosperity the euro currency's fostering of Germany's trade surplus. Spain can be said to have managed its finances better than Germany did in the pre-crisis years."
Do you even have a viable resource? This is a yes or no question.

 

[Samson]

Rather than austerity and tax reform, the real reason for Germany's prosperity the euro currency's fostering of Germany's trade surplus. Spain can be said to have managed its finances better than Germany did in the pre-crisis years.

Spain's Debt to GDP

Germany's Debt to GDP

You are a perfect example of how people only choose numbers that fit in their delusional and refrain from looking at other numbers as well as rational explanations of those numbers.

How To Use Gross National Product As An Indicator
Gross national product (GNP), an expression used to measure economic growth and wealth, is often misleading because of its limitations. There are certain situations when using GNP is useful, but if used improperly it can confuse and deceive.

Latest unemployment rates by Country:
USA 8.2
UK 8.2
France 9.8
Germany 7.4
Italy 10.20
Spain 24.4
Unemployment Rates, List by Country
These numbers do not reflect the number of people who do not ever look for work or have worked but no are longer looking for work.

Angela Merkel is the current Chancellor of Germany. She assumed office in 2005.

Prior

I wonder why Spaniards are not opening taco stands all over the Cote de Azure, and selling Cerveza in Munich.

 

[BakshisMouse]

Rather than austerity and tax reform, the real reason for Germany's prosperity the euro currency's fostering of Germany's trade surplus. Spain can be said to have managed its finances better than Germany did in the pre-crisis years.

Spain's Debt to GDP

Germany's Debt to GDP

You are a perfect example of how people only choose numbers that fit in their delusional and refrain from looking at other numbers as well as rational explanations of those numbers.

How To Use Gross National Product As An Indicator
Gross national product (GNP), an expression used to measure economic growth and wealth, is often misleading because of its limitations. There are certain situations when using GNP is useful, but if used improperly it can confuse and deceive.

Latest unemployment rates by Country:
USA 8.2
UK 8.2
France 9.8
Germany 7.4
Italy 10.20
Spain 24.4
Unemployment Rates, List by Country
These numbers do not reflect the number of people who do not ever look for work or have worked but no are longer looking for work.

Angela Merkel is the current Chancellor of Germany. She assumed office in 2005.

Prior

My point was that austerity did not make Germany's economy great. The Spanish government could be said to have been more austere than the German government.

The huge disruption in capital flows is what is causing Spain's current misery.

 

[usmcstinger]

Rather than austerity and tax reform, the real reason for Germany's prosperity the euro currency's fostering of Germany's trade surplus. Spain can be said to have managed its finances better than Germany did in the pre-crisis years.

Spain's Debt to GDP

Germany's Debt to GDP

You are a perfect example of how people only choose numbers that fit in their delusional and refrain from looking at other numbers as well as rational explanations of those numbers.

How To Use Gross National Product As An Indicator
Gross national product (GNP), an expression used to measure economic growth and wealth, is often misleading because of its limitations. There are certain situations when using GNP is useful, but if used improperly it can confuse and deceive.


My point was that austerity did not make Germany's economy great. The Spanish government could be said to have been more austere than the German government.

The huge disruption in capital flows is what is causing Spain's current misery.

The Gross Domestic Product per capita in Spain was last reported at 32070.08 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Spain, when adjusted by Purchasing Power Parity is equivalent to 146 percent of the world's average. Historically, from 1980 until 2010, Spain GDP per capita PPP averaged 18055.0300 USD reaching an all time high of 33200.7700 USD in December of 2008 and a record low of 6850.2700 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Spain GDP per capita PPP.

The Gross Domestic Product per capita in Germany was last reported at 37260.16 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Germany, when adjusted by Purchasing Power Parity is equivalent to 170 percent of the world's average. Historically, from 1980 until 2010, Germany GDP per capita PPP averaged 22595.3000 USD reaching an all time high of 37260.1600 USD in December of 2010 and a record low of 9781.3500 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Germany GDP per capita PPP.

Since being sworn in as chancellor on November 22nd, 2005, Merkel has led a Grand coalition consisting of the CDU, CSU, and the Social Democratic Party of Germany (SPD), while also continuing her free-market economic agenda and relationship with the United States. She has also been focusing on redesigning the German health care system and tax reform.

You still have not provided a viable source to prove that austerity did not make Germany's economy great.

 

[BakshisMouse]

You still have not provided a viable source to prove that austerity did not make Germany's economy great.

Just what the **** do you not understand about Spain's government consistently posting smaller budget deficits than Germany's government did.?

Spain Government Budget

Germany Government Budget

Spain's government posted budget surpluses in 2006, 2007, and 2008.

Germany's government only posted a budget surplus in 2008, and it was small compared to Spain's.

 

[usmcstinger]

Rather than austerity and tax reform, the real reason for Germany's prosperity the euro currency's fostering of Germany's trade surplus. Spain can be said to have managed its finances better than Germany did in the pre-crisis years.

Spain's Debt to GDP

Germany's Debt to GDP

You are a perfect example of how people only choose numbers that fit in their delusional and refrain from looking at other numbers as well as rational explanations of those numbers.

How To Use Gross National Product As An Indicator
Gross national product (GNP), an expression used to measure economic growth and wealth, is often misleading because of its limitations. There are certain situations when using GNP is useful, but if used improperly it can confuse and deceive.

Latest unemployment rates by Country:
USA 8.2
UK 8.2
France 9.8
Germany 7.4
Italy 10.20
Spain 24.4
Unemployment Rates, List by Country
These numbers do not reflect the number of people who do not ever look for work or have worked but no are longer looking for work.

Angela Merkel is the current Chancellor of Germany. She assumed office in 2005.

Prior

My point was that austerity did not make Germany's economy great. The Spanish government could be said to have been more austere than the German government.

The huge disruption in capital flows is what is causing Spain's current misery.

lllll

 

[BakshisMouse]

lllll

Do you have anything else to say?

 

[BakshisMouse]

lllll

Do you have anything else to say?

Even after thirty minutes of being online after this post, you still don't have an explanation for "lllll".

This is telling.

 

[usmcstinger]

You still have not provided a viable source to prove that austerity did not make Germany's economy great.

Just what the **** do you not understand about Spain's government consistently posting smaller budget deficits than Germany's government did.?

Spain Government Budget

Germany Government Budget

Spain's government posted budget surpluses in 2006, 2007, and 2008.

Germany's government only posted a budget surplus in 2008, and it was small compared to Spain's.

What about 2009 - 1st Quarter 2012? Do you think nothing has changed during this period?
The DATA exists. Obviously, your research skills are quite poor or you would have found it.

Nice language. Do you eat with that mouth?

 

[EdwardBaiamonte]

My point was that austerity did not make Germany's economy great.

The Germans obviously disagree which explains why they are urging austerity, i.e., fiscal responsibility on the World.

 

[BakshisMouse]

You still have not provided a viable source to prove that austerity did not make Germany's economy great.

Just what the **** do you not understand about Spain's government consistently posting smaller budget deficits than Germany's government did.?

Spain Government Budget

Germany Government Budget

Spain's government posted budget surpluses in 2006, 2007, and 2008.

Germany's government only posted a budget surplus in 2008, and it was small compared to Spain's.

What about 2009 - 1st Quarter 2012? Do you think nothing has changed during this period?
The DATA exists. Obviously, your research skills are quite poor or you would have found it.

Nice language. Do you eat with that mouth?

My point is that Spain was more austere than Germany under Merkel's first years was.

Read carefully:
The deficits that Spain incurred after the financial crisis was the result of the duress of the unraveling of the current Euro currency regime, which gave an advantage to Germany via exchange rates disrupted by capital flows. What I'm saying is that it is not Spain's government fault for not realizing the dangers of so much capital inflow into Spain from Germany! This was the result of the private sector seeing an opportunity in Spain! These capital flows overvalued Spain's wages, leaving them dependent on German exports!

That you blame Spain's crisis on its government rather than Merkel's government is astounding, especially when Spain had balanced budgets in 2006 and 2007, as Merkel's Germany had deficits!



Spain and Germany share the same currency! They just might have to coordinate efforts to save themselves, just like any two states in our American Union can not be vindictive against each other without risking disaster!

 

[BakshisMouse]

My point was that austerity did not make Germany's economy great.

The Germans obviously disagree which explains why they are urging austerity, i.e., fiscal responsibility on the World.

You too, had better read what I had to say.