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Hidebound old Europe again.

by Colman Thu Jun 8th, 2006 at 10:14:51 AM EST

On top of optimisitic news about the German economy comes this news:

Germany has been ranked the best country in Europe to do business in a new report by accountancy firm Ernst & Young.

German daily Die Welt reports that Germany came out top in Europe and number three globally, after the US and China, according to a poll of over 1,000 managers from international companies.

Germany's position this year means it has overtaken Poland and India which last year stood at number three and four on the global list.

However, the Frankfurter Allgemeine Zeitung points out that Germany's market share of foreign direct investment projects in Europe still lags far behind the market leaders, the UK and France.

The study gives two main reasons for the country's improvement in the rankings - an improvement in the basic working conditions and a strong improvement in the mood of the German economy.(EUObserver)

It's amazing how quickly electing a more right-wing government makes things better.

HA, good snark.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 8th, 2006 at 10:19:05 AM EST
Something seems to be wrong with your link. Unless your source is Eurotrib that is :)
by Trond Ove on Thu Jun 8th, 2006 at 11:57:41 AM EST
I should have been linking back to specific stories in the breakfast thread.
by Colman (colman at eurotrib.com) on Thu Jun 8th, 2006 at 12:00:53 PM EST
[ Parent ]
Sounds to me like the government in power has done their job. No more "liberalization" reforms are necessary, right?

Mikhail from SF
by Tsarrio (dj_tsar@yahoo.com) on Thu Jun 8th, 2006 at 12:15:06 PM EST
I am very glad  for Germans however I refer to any such ratings very sceptically.
It is not clear what is meant - Is Germany the best place on Earth to make business for German businessmen or for foreign ones?
I suppose the former and researchers ask domestic businessmen about current climate for investments in their respective countries.
I'd like to know where to start business for ordinary Indian - what would be the answer? Which country is most suited for immigration and business?
by FarEasterner on Thu Jun 8th, 2006 at 02:33:05 PM EST
as to the repeated ascriptions of sclerosis and other bad things to Euroland, I came across a new phrase today which I treasure:  the Zombie Lie.

the Zombie Lie is the one that you keep killing and burying (as J keeps doing to the neolib slanders in FT), and it just keeps getting up and lurching around some more...

The difference between theory and practise in practise ...

by DeAnander (de_at_daclarke_dot_org) on Thu Jun 8th, 2006 at 07:33:18 PM EST
I would say, nowadays what's "good for business" is definitely worse for workers (not necessarily for society in broader sense). That's the story. But of course while this situation can be good for business for some time there is a point where if workers are worse business will have to suffer too. It's avoided for now with "globalization" (who cares for national situation while enormous profits are made for capitalists and numbers look good)...still, all (extreme) things have to come to an end. And things tend to go to extreme if not stopped smartly on time. As I said before I strongly believe all the things have "incorporated mechanism" to correct them selves. Wars, revolutions, crises those are manifestations of this rule. Let's just take care personally not to become victims in the process, if possible to avoid destiny...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Thu Jun 8th, 2006 at 10:26:33 PM EST

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