“The crisis... which crisis?” asks an editorialist of Frankfurter Allgemeine Zeitung (12-09-2010), detailing the forces of the German economy in the way of self-derision, so many superlatives accumulate: “German Model” (J.-C. Trichet), “Industry among the most competitive in the world” (B. Rürup), Germany “leading” for its ability to innovate (IfW Kiel), and “more flexible than we believe” (F.A.Z.). Conjuncturists usually show more scepticism...