European leaders meet in Brussels on Tuesday and Wednesday following the U.K.’s Brexit vote. Follow all the updates on our Brexit summit live blog.
Leaders will want clarification from British Prime Minister David Cameron on what happens next after the U.K.’s vote to leave the EU. Cameron, likely to attend his last EU summit after he announced his resignation Friday, said he will leave it to his successor to decide what kind of future relationship the EU and Britain will have. More Info...
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Germany is ‘Exportweltmeister’ (world champion in exporting) as it is phrased by the German media. Between 2000 and 2013 German exports increased by 154 percent compared to 127 percent in Spain, 98 percent in the UK, 79 percent in France and 72 percent in Italy. In addition, no other European country saw such a quick rebound in export growth after the financial crisis in 2009 as Germany. As a result, many observers see Germany as a leading role model of successful adjustment from the ‘sick man of Europe’ in the 2000s to an economic powerhouse today. What has contributed to this exceptional export performance of Germany compared to other European countries?
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