From the WSJ's Eurocrisis blog:
Is the U.S. about to lose its decades-long economic edge over Europe despite the continent’s ongoing debt crisis?
That is the prediction of one of Germany’s most distinguished economists, who forecasts that German per-capita wealth will overtake that of the U.S. within two decades.
Bert Ruerup, former head of the Five Wise Men who advise Germany’s government on economics, reckons German GDP per head will rise to $60,000 in 2030, taking it past both the U.S. and Japan....MORE
