Categories
economics International Affairs

Why Germany’s Economy & Power Crunch Is Important

In a rare bit of good news, the data are better than expected for some countries, most notably Germany. That country’s economy surpassed expectations by managing to grow by 0.5% during the first three months of the year. As a whole, the euro area registered stagnant growth, and without Germany its economy would have declined by 0.2%. Germany accounts for about 28% of euro-area output, yet its contribution to euro-area growth has increased markedly since 2004. It was responsible for 65% of the region’s growth in output on average since 2007. Link

Categories
economics history Warfare

How The Potato Changed European History

“German farmers produced a crop of potatoes in the mid 18th century that enabled them to avoid widespread famine and achieve victory in the Seven Years War. As a result, Prussian power grew immeasurably, and the unification of Germany in the next century was forced by Prussian arms in a war against France.”