Thursday, October 14, 2010

Germany and East Europe Renewal

Europe has felt the economic recession, but Germany has kicked back and is starting to rise to where to once was.  With the help of the previous Soviet Union, German exports are up and most of East Europe is recovering.
German exporters, already buoyed by demand in China, are profiting from a modest upswing in Central and Eastern Europe as well, as the economies there revive and banks slowly resume lending to companies, according to an influential industry group.
The world is globalized, particularly for Europe and the way the countries are set up.  Europe relies on each other for economic wealth, since the EU that has been more important.  The recession has shown just how global economies have become.  Everyone has fallen victim, but now Germany is becoming strong again, with help of other countries, mostly consisting of East Europe.  Exports are up everywhere there and East Europe which relies significantly on Germany's well being is bouncing back; partially by the world being flat, although it is nothing new for Europe to interact heavly.

No comments:

Post a Comment