Germany's economic model works admirably - for Germany. He plight of other Eurozone countries cannot be solved through a simple copy-and-paste strategy.
The new paranoid mantra dominating Europe’s economic discussion is whether the “German model” can be replicated in other countries in order to achieve the same enviable economic results. Germany has posted impressive growth rates – 3.7% and 3% in 2010 and 2011 respectively – and is expected to grow during 2012, the supposed year of the Mayan apocalypse. Unemployment hovers between six and seven percent, thus boosting consumer spending. Moreover, Germany was the first country in Europe to really concentrate on Asia in its business strategy, achieving an industrial presence and market knowledge years before the others.
Copy and paste would not work
This is just a brief list of recent German economic accomplishments. Of course, every period of success comes with problems. We should not downplay the negative side-effects of recent German economic reforms, such as a slight rise in income inequality. Living costs in Germany are rising, and the invasion of tourists in some cities has led to “anti-tourism” demonstrations by residents. Protest took a Kantian turn in 2011, when the Kreuzberg neighborhood in Berlin hosted a joint residents and tourists demonstration against rising real estate prices.