Is Germany secretly a BRICS country, as recently claimed? Compared to China or India, its problems are hardly similar.
Last February star editorialist Wolfgang Münchau wrote a witty piece for the FT raising the question whether Germany should behave like a BRIC. Similarly to China and India, the European country is enjoying new export records, and can rely on good companies that often enjoy the benefits of (relatively) low labor costs (laborers eventually enjoy them a little less). So it does not come by surprise if new reports about a slowdown of the actual BRICs lead to skepticism about possible problems in “wanna-be BRIC” Germany.