Mutuals: a small component helping make the German economy tick

by David Bicknell

Against the backdrop of the Labour Party conference in Liverpool, there has been much talk about how to energise the economy. One solution being mooted is to take a leaf out of the Germans’ book.

This article suggests that mutuals – admittedly, mutuals in this context are not explicitly defined – are one important component in the German economic engine. The reference to mutuals is only a passing one, but it’s perhaps an interesting suggestion.

“No one is in any doubt that Germany is the engine of the European economy. What makes it tick are the small businesses of the Mittelstand – often family firms or mutuals with an eye for detail, a well-deserved reputation for financial caution and longstanding co-operation between bosses and employees.”

Businessweek: Germany’s Mittelstand still thrives

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s