As Europe’s biggest economy, Germany needs to learn change if it is to help lead the rest of the Eurozone out of the fiscal mire – but can an old dog learn new tricks?
As Europe’s biggest economy, Germany needs to learn change if it is to help lead the rest of the Eurozone out of the fiscal mire – but can an old dog learn new tricks? As The Economist remarks, a decade ago Germany was "the sick man of Europe", riddled by high unemployment and slow growth. But it has since developed into the world’s second largest exporter (after China) and in spite of the recession its unemployment levels are lower than they were five years ago. This flexibility and success is laudable, but is it sustainable within the current climate? The Economist says no: "Germany is rightly proud of its ability to control costs and keep on exporting. But it also needs to recognise that its success has been won in part at the expense of its European neighbours. Germans like to believe that they made a huge sacrifice in giving up their beloved D-mark ten years ago, but they have in truth benefited more than anyone else from the euro. Almost half of Germany’s exports go to other euro-area countries that can no longer resort to devaluation to counter German competitiveness."
Giving our solar system a "slap in the face"
- A stream of galactic debris is hurtling at us, pulling dark matter along with it
- It's traveling so quickly it's been described as a hurricane of dark matter
- Scientists are excited to set their particle detectors at the onslffaught
The climate change we're witnessing is more dramatic than we might think.
A lazy buzz phrase – 'Is this the new normal?' – has been doing the rounds as extreme climate events have been piling up over the past year. To which the riposte should be: it's worse than that – we're on the road to even more frequent, more extreme events than we saw this year.
Once again, our circadian rhythm points the way.
- Seven individuals were locked inside a windowless, internetless room for 37 days.
- While at rest, they burned 130 more calories at 5 p.m. than at 5 a.m.
- Morning time again shown not to be the best time to eat.
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