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Eat your heart out, Europe: the Germans have never felt better!

Shiny, happy people holding hands.
Shiny, happy people holding hands.
Image: AP Photo/Thomas Kienzle
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The modern German economy has literally never looked better. Unemployment has held steady at 6.5% for three consecutive months, and that’s the lowest rate on record.

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Moreover the number of unemployed Germans has fell to the absolute lowest since reunification in January, at 2.8 million.

Image for article titled Eat your heart out, Europe: the Germans have never felt better!

And thanks to wage real wage increases due in part to declining oil prices, consumers have never felt better. A key gauge of German consumer sentiment  rose to its highest level since October 2001.

Image for article titled Eat your heart out, Europe: the Germans have never felt better!

This all most be rather galling to the large swaths of Europe that continue to face truly awful economic realities. But there it is, all the same.