Germany, the giant with the feet of clay

On the surface, it stands to reason to think that, as Europe’s largest economy, Germany’s position in Europe can act as the saviour to pull the Eurozone out of its current plight. By many counts, the country’s economy is doing very well. Many people argue that Germany’s model could be the key to strengthening other economies in the EU: Just think the need for Greece to go through the austerity measures demanded by Germany. However, a deeper look into the German economy reveals that it is far more vulnerable than appears on first look.