March 27th, 2012 - Posted by Human

A Bavarian Fairy Tale

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While much of the rest of Europe is mired in the financial quicksand of a sovereign debt crisis, business in Bavaria is booming, exports are rising and unemployment is at a 20-year low. How come? Well the Germans have got a word for it and only they know what it means. Mittelstand! It’s the very German secret to the success of modest family enterprises all the way to the global domination of the local auto-giants like Audi. Watch this fascinating story from Foreign Correspondent here.

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