SS-18 ICBM
Oscillator
Greece is kinda lonely there.
Major linguistic-cultural circles of Europe (Slavic, Romance, Germanic, etc.):
http://postimg.org/image/rvywh6glr/full/
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All Spain was an iron courtain!
it's crazy how well these lines match up with the major lines dividing the economic success of nations.
Ireland's GDP was inflated by its property bubbles & financial gimmicking. It's widely known as an economic basket case now.
Ireland's GDP was inflated by its property bubbles & financial gimmicking. It's widely known as an economic basket case now.
France's wages are a matter of distribution more than of productivity; overall GDP is obviously the more relevant measure.
Italy narrowly escaped financial collapse just 2 years ago and is far from out of the woods; anyone can be "wealthy" by borrowing beyond their ability to service debt.
With a bit of effort you'd find as many instances confirming the trend in an exaggerated way as you'd find "exceptions" like these. Net-net the correlation holds.
Even after the crisis Ireland is still one of the wealthiest countries on Earth. And it's recovering better than most.
France's per capita GDP is equivalent to that of the UK. Under no metric is it a poor country even by Western European standards.
The Italian state is a financial mess, but that doesn't change the fact that Italy, specially Northern Italy, is a very rich country. In Northern Italy worker productivity is not really different from Germany, and the people aren't any poorer.
And then you also have Austria and Belgium and large parts of Switzerland who, despite being "Germanic", are historically Catholic and thus more influenced by Latin culture, and are all some of the richest countries on Earth.
There does seem to be a problem of the distribution of wealth in Germany:
a) First, wealth in Germany is highly concentrated in the upper part of the household-income distribution.
b) Second, a large part of German wealth is not held by households and therefore must be held by the corporate sector or the government.