Foreign Correspondent

A Bavarian Fairy Tale

If Europe's going down the gurgler why are the good burghers of Bavaria singing, dancing, laughing and toasting their good fortune over a litre of beer or six? Well, they have a secret. They even have a word for it that only Germans really understand. It's called Mittelstand and it's made many of the businesses in this uber enterprising part of the world solid, successful, optimistic and fearlessly forging into the future. Germans have another word for how that makes them feel about the many of their basket-case neighbours in Europe: Schadenfreude - a kind of delicious pleasure at the misfortune of others. If only they didn't have to prop them up.