of course they have restraints on their economy, their currency is the Euro and many other countries have an influence on the value of the Euro. Perversely, what Germany =seeks to do and has done is to keep the relatve value fo the Euro low(not high) since as an exporting nation a low Euro enance the value of their exports- they get more Euros for the same product than if the Euro is high. To keep it low, they oir their banks have to lend money and guarantee loans to places like Greece, Spain, Italy Portugal..... it is a tightwire act. If the Euro fails, the Germans will revert to the mark and their currency will soar- plunging them into recession.Another threat to German domination, since they are now effectively now the financial rulers of Europe, is the two sides of fiscal union. The EU and Eurozone are floundering on policies that have cannot create monetary union, whne the real money resides in a common fiscal policy. But a common fiscal policy means much stronger political ties and a real loss of national soveriegnty for all members. That won't sell in Germany or many other places, and until it does their problems may be unsolveable.
[quoteAlso, they have an industrial strategy where the companies, government and the unions work cooperatively. We could emulate some of that.
]Could we really?
I don't see much evidence that Canadian unions or industry have much interest in beiong told what to do by Harper, or any other PM. Because- in the end- fiscal policy MUST be a govt directed function, though I agree that union/corporate sensibilities must be recognized.