Berliners sing and dance on top of The Berlin Wall to celebrate the opening of East-West German borders in this Nov. 10, 1989 file picture. Thousands of East German citizens moved into the West after East German authorities opened all border crossing points to the West. In the background is the Brandenburg Gate. Built in 1961 of barbed wire and concrete, the wall divided Berlin, becoming the most powerful symbol of The Cold War. Thursday, Nov. 9, 2006 marks the 17th anniversary of the fall of the Berlin Wall. (AP Photo/Thomas Kienzle, File)
AP Photo/Thomas Kienzle
Shiny, happy people holding hands.
GLÜCHLICH GLÜCHLICH

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

By Matt Phillips

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.

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

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.

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.