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It is tempting to accept the logic of Hans-Jurgen Meltzer, head of the Germany section at Deutsche Bank Research: "It's a
German characteristic. There is permanent Schopenhauerian unease. People complain, even when things are going well. There's
aconstant pessimism, like a worn- out record." Others argue, too, that the periodic crises are themselves helpful, by forcing
Germany to adjust, and thus helping the country back on to the economic straight and narrow, just when everything seems lost.
Certainly, Germany has a high tightrope to fall from. In city and c
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