Germany leads the way on housing

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by Chris Becker

I tend to give the Germans a hard time when it comes to their intra-European policy – i.e take the benefits of a cheaper Mark (euro), overburden southern Europeans with cheap debt, delight in the profits and massive current account surplus and then demand fiscal austerity when it all goes pear-shaped.

But they do get the majority of their domestic economic policies right, especially in education (free tertiary), the superb Mittelstand SME system, and to the surprise of many – housing.

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