Published on 18.07.2011
Europe’s Economic Powerhouse Drifts East
Germany has long sat at the center of the European economy, but Europe is no longer as central to Germany as it used to be.
With large parts of Europe still in an economic rut and struggling to cope with a debt crisis, Germany is increasingly deploying its money and energy outside the euro zone to fuel its robust growth.
The shift in focus, while still in its early stages, could have profound economic and political implications because it comes at a critical time when the rest of Europe is counting on Germany to continue its traditional role as the locomotive of the Continent’s economy.
Full article at NYtimes.com