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Monday, November 28, 2011

The Eurozone must not “move forward”

Surprising fact of the day: Germany is as rich as Alabama or Arkansas.

TheMoneyIllusion � The Eurozone must not “move forward”:

Many people seem to be under the illusion that Germany is a rich country.� It isn’t.� It’s a thrifty country.� German per capita income (PPP) is more than 20% below US levels, below the level of Alabama and Arkansas.� If you consider those states to be “rich,” then by all means go on calling Germany a rich country.�

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