Germany for European economy. Its people and their

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Germany is not only
central located in Europe, but is also a focal point for European economy. Its
people and their values not only drive the economy but help to solidify
Germany’s position as one of the valuable members of the EU.


Germany’s population is
91.5 percent German, with Turkish being the second largest ethnic group at 2.4
percent. The remaining 6.1 percent is made up primarily of those of Greek,
Russian, Italian, Polish, Serbo-Croatian and Spanish descent.
Germans place a high priority on structure, privacy and punctuality. The German
people embrace the values of thriftiness, hard work and industriousness and there
is great emphasis on making sure that “the trains run on time.

Despite current economic
challenges within the European Union, Germany continues to be one of the
world’s most powerful and dynamic economies. Business freedom and investment
freedom are strong. Long-term competitiveness and entrepreneurial growth are supported
by openness to global commerce, well-protected property rights, and a sound
business regulatory environment.

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In 1949, during the Cold
War, two German states were formed: the western Federal Republic of Germany and
the eastern German Democratic Republic. The decline of the USSR and the end of
the Cold War, allowed for German Unification in 1990. Ever since then, Germany
has expended considerable funds to bring eastern productivity and wages up to
western standards. Germany, and 10 other EU countries, formed a common European
currency, called the euro.

In 1945, after the Second
World War, the country was occupied by triumphant Allied Forces. Under
occupation by the Allies, German territories were split up, and the Cold War
resulted in the division of the country into democratic West Germany and
communist East Germany. Millions of ethnic Germans fled from Communist areas
into West Germany, which experienced rapid economic expansion, and became the
dominant economy in Western Europe.

The government is a
federal republic system. The country is full of river valleys, rising and
falling hills, the snow covered Alps, and bushy mountains. Germany is the
seventh largest country in Europe, with its topography ranging from low-lying
coastal flats beside the Baltic Sea.

Germany is one of the
most beautiful, richest and popular nations; attracting large numbers of visitors annually. Germany is located in central
Europe, and composed of sixteen states, sharing a border with nine other
countries: Denmark, Poland, the Czech Republic, Austria, Switzerland, France,
Belgium, Luxemburg, and the Netherlands.

Categories: Currency


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