Single title

The German Economy during the Financial and Economic Crisis since 2008/2009

by Lothar Funk

An Unexpected Success Story Revisited

Only one decade ago, Germany was calles "the sick man of Europe". Nowadays, the same comments speak about Germany as "Europe's engine". What are the reasons behind that considerable change in the performance of the German economy and its public observation abroad? Lothar Funk from Duesseldorf University of Applied Sciences explains in his report some of the main reasons behind that change with sepcial respect to the situation of te German labour market.