independent

Friday 24 May 2013

Borussia Dortmund players celebrate after the Champions League semi-final second leg.

What Germany's football success tells us about the eurozone crisis 

LAST night we saw not just a football match between two great teams, but two very different cultural, social and economic models battling for supremacy. On one hand we had the frugal but brilliant Germans of Borussia Dortmund, on the other was the free-spending (and also brilliant) Real Madrid. This was a battle between the local, academy-based Dortmund, and the international, chequebook-driven, Real.

 

As the salt pillars of austerity crumble there will be enormous opportunities 

THE forces of austerity are in retreat all around Europe and the world. Let's make no mistake about what this means. The word 'austerity' has come to mean many things, but austerity is shorthand for the European policy of lumbering citizens with the debts of the financial markets and contending that the resulting increase in the national debts is the cause of the problem, rather than the consequence.

 

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