bet365 best casino games newspaper’s comprehensive foreign media reports July 3，The official website of the German bet365 best casino games Institute published an article written by Marcel Fratzscher, director of the institute, saying，Germany’s bet365 best casino games model has been subject to some unusually harsh criticism recently。But he thinks，Germany’s problem today is not its bet365 best casino games model，It stems from inappropriate bet365 best casino games policies、Insufficiency and two deep-rooted misconceptions。

Fratzscher said，German bet365 best casino games growth has indeed slowed down recently。The German economy is highly dependent on industry，But the automobile industry, one of its pillar industries, does not adopt new technologies fast enough。In addition，Germany’s dependence on exports makes it vulnerable to a slowdown in global bet365 best casino games growth。But the bet365 best casino games model is not the root of Germany’s current problems。Opposite，The openness of the economy and its diversification of export sectors and wide range of export destinations，Not only was the key to Germany's bet365 best casino games prosperity in the decades after World War II，This is also Germany’s response to an aging population and the development of emerging markets，Important conditions for maintaining income stability and bet365 best casino games growth in the future。

The German bet365 best casino games model has two special traditional advantages。One is a medium-sized enterprise with many。These businesses are often family businesses，They are more flexible in their operations，Strong innovation ability and specialization，Have a reliable balance sheet，Occupy a stable share in the global market，There are many “unsung champions” in various industries and fields。The other is the social partnership between employers and trade unions and a sound social welfare system。

Fratzscher believes，The real problem in Germany is that the political elite has two dangerous misconceptions。First of all, it is a widespread assumption。They think，Germany does not need to change，But other European countries need to follow the German path。The consequences of this assumption are，Despite the problems of uneven bet365 best casino games development and vulnerability，Germany has implemented almost no meaningful reform measures in the past 10 years。Low levels of public and private investment contribute to low productivity in Germany’s non-traded sector。Compared with domestic investment，German export companies’ investments abroad are growing faster，This further reduces Germany’s investment attractiveness。Low productivity and the weakening of social partnerships have resulted in a massive expansion of the low-wage sector。Simplifying the tax code、Relaxation of service regulations、Modernizing the inefficient bureaucracy、Compared with important reform measures such as increasing public investment in infrastructure and education，German political elites are more inclined to appease people’s unwillingness to give up their vested interests through inappropriate relief。

The second misconception is that Germany does not need Europe。But in fact，Germany can be one of the biggest beneficiaries of building a European Monetary Union and strengthening EU institutions，Build a strong one、A united Europe will contribute to the continued success of the German bet365 best casino games and social model。

Fratzscher concluded，The unwillingness of Germany’s political elite to carry out bet365 best casino games and social reforms at home and in the EU is one of the main risks facing Europe。But it’s not too late to change direction，Germany’s bet365 best casino games and political advantages mean，It still has a chance to achieve change with its European partners。

　(Yao Xiaodan/Compiled)