German companies are struggling to keep up on innovation and it is getting harder to innovate. Germany doesn't have any universities in the top 25 in the world rankings for investment in digital technologies. Venture capital investment was under 12 billion last year compared with far more than 200 billion in the US.
For decades, Germany has been the driving force of Europe’s economy. But now, as it emerges from a winter recession, the nation’s resilience is showing signs of breaking down–and that could mean trouble for the rest of the continent. Bloomberg’s William Wilkes and Jana Randow join from Frankfurt to talk about why Germany has lost its economic edge–and what it will take to get it back.
Read more: Europe’s Economic Engine Is Breaking Down
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This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producer: Federica Romaniello, Associate Producer: Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili.
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