Germany On Top — Again


Jim O’Neill, formerly of Goldman, has an interesting post on Bloomberg where he compares the fortune’s of Germany’s football clubs and Germany itself.

O’Neill quotes 80’s English footballer Gary Lineker, amusing take on the situation:

An English soccer star of the 1980s, Gary Lineker, once defined the sport in a way that still makes sense to Englishmen. Football: a simple game in which 22 men chase a ball for 90 minutes and at the end the Germans win. Must we accept the corollary? European monetary union: a currency system in which 17 countries strive to stay competitive and at the end the Germans win.

I’m sure all over Europe a lot of “good Europeans” are scratching their heads and wondering if the “Lineker Law” applies to economics as well. Seems like Euroeconomics is a simple game where 26 nations run around trying to chase economic power but in the end the 27th, Germany, wins.

How ironic, of course, that after decades of trying every imaginable strategy to keep Germany from ending up with all the money and power, that’s exactly what has pretty much happened in Europe. Sure, as O’Neill, points out, the German economy, especially its export sector, depends on the health of other nations to survive, but in the end you always have the feeling that, come whatever, the Germans and the Nordics will always ride out the storms and return home safely, while everyone else is left floating out on the global economic currents.

So, yes, it’s no surprise that German teams stand at the top of Europe. Why should football be any different than economics?

You can read the Bloomberg post here:

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