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The Euro Crisis: An Austrian (?) Perspective

I have just spent a week in Ellmau, a picturesque village in the Austrian Tirol.  I love visiting Austria.  However, it had been five years since I was last in Austria, and the changes in the make-up of my fellow holidaymakers was remarkable.   On my visits before 2007, there had been many Irish, English, Scottish, French and Italian tourists. In 2012, 95% of the tourists in our resort were German.  What does this tell us about the respective health of these European economies?  In addition, I was taken aback by the levels of freight traffic out of Austria and into Germany.  Germany (using my extremely unscientific methods) appears to be booming. 

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