"Socialist" Germany powers eurozone economic surge

[ErikJ]

Looks like the "socialists" are leaving us in the dust. Share this with Cons who are constantly saying Europe economy is so terrible because they are high-taxed "socialists".

LONDON (AP) — Forecast-busting economic growth in Germany and a surprise rebound in Greece helped the 17-nation eurozone start the new year with a bang, with the region growing twice as fast as the U.S. despite constant fears about debt.
The eurozone's economy expanded by a quarterly rate of 0.8 percent in the first three months of the year, according to Eurostat, the EU's statistics office on Friday.
That was more than double the 0.3 percent growth posted in the previous three-month period, ahead of analysts' expectations for a 0.6 percent increase and twice U.S. growth.
"The eurozone is therefore significantly outperforming all other major developed economies at the moment," said Chris Williamson, chief economist at Markit.


Read more: http://www.seattlepi.com/business/article/Germany-powers-eurozone-economic-surge-1377589.php#ixzz1MN7ECoxT

[OHdem10]

1. UK and Austerity not so much.

[OHdem10]

2. Germany manages their trade policy developing a strong mfg

base. Strong Unions which work with Business.

Free Traders here opened the doors and non-discrimanatly
shipped jobs out. Gutted our Mfg Base. A country that
does not make things over time fails economically.

[ErikJ]

3. Also HALF their company board of directors must be from the union!

Which makes a huge difference.