🔎 Eᴄᴏɴᴏᴍɪsᴛ ᴍᴀᴋᴇs ʙᴏᴍʙsʜᴇʟʟ confession

Former Goldman Sachs exec used to think a crash was inevitable. [New Trading View Logo]( A note from the Editor: At New Trading View, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think you’ll appreciate. [New Trading View Logo]( [It’s not about ideas. It’s about making ideas happen.”– Scott Belsky]( A note from the Editor: At New Trading View, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think you’ll appreciate. [100 Dollars]( Former Goldman Sachs exec used to think a crash was inevitable. One that could wipe out the savings of investors, seniors and retirees. There is going to be an economic crisis. But not the kind of crisis most people expect. [Read the full story here.](   You are receiving our newsletter because you opted-in for it on one of our sister websites. 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[Unsubscribe]( Law Main articles: Law of Germany, Judiciary of Germany, and Law enforcement in Germany Germany has a civil law system based on Roman law with some references to Germanic law.[136] The Bundesverfassungsgericht (Federal Constitutional Court) is the German Supreme Court responsible for constitutional matters, with power of judicial review.[137] Germany's supreme court system is specialised: for civil and criminal cases, the highest court of appeal is the inquisitorial Federal Court of Justice, and for other affairs the courts are the Federal Labour Court, the Federal Social Court, the Federal Finance Court and the Federal Administrative Court.[138] Criminal and private laws are codified on the national level in the Strafgesetzbuch and the Bürgerliches Gesetzbuch respectively. The German penal system seeks the rehabilitation of the criminal and the protection of the public.[139] Except for petty crimes, which are tried before a single professional judge, and serious political crimes, all charges are tried before mixed tribunals on which lay judges (Schöffen) sit side by side with professional judges.[140][141] Germany has a low murder rate with 1.18 murders per 100,000 as of 2016.[142] In 2018, the overall crime rate fell to its lowest since 1992.[143] Foreign relations Main article: Foreign relations of Germany Germany hosted the 2022 G7 summit at Schloss Elmau, Bavaria. Germany has a network of 227 diplomatic missions abroad[144] and maintains relations with more than 190 countries.[145] Germany is a member of NATO, the OECD, the G7, the G20, the World Bank and the IMF. It has played an influential role in the European Union since its inception and has maintained a strong alliance with France and all neighbouring countries since 1990. Germany promotes the creation of a more unified European political, economic and security apparatus.[146][147][148] The governments of Germany and the United States are close political allies.[149] Cultural ties and economic interests have crafted a bond between the two countries resulting in Atlanticism.[150] After 1990, Germany and Russia worked together to establish a "strategic partnership" in which energy development became one of the most important factors. As a result of the cooperation, Germany imported most of its natural gas and crude oil from Russia.[151][152] The development policy of Germany is an independent area of foreign policy. It is formulated by the Federal Ministry for Economic Cooperation and Development and carried out by the implementing organisations. The German government sees development policy as a joint responsibility of the international community.[153] It was the world's second-biggest aid donor in 2019 after the United States.[154] Military Main article: Bundeswehr German TPz Fuchs armoured personnel carrier Germany's military, the Bundeswehr, is organised into the Heer (Army and special forces KSK), Marine (Navy), Luftwaffe (Air Force), Zentraler Sanitätsdienst der Bundeswehr (Joint Medical Service), Streitkräftebasis (Joint Support Service) and Cyber- und Informationsraum (Cyber and Information Domain Service) branches. In absolute terms, German military expenditure is the eighth-highest in the world.[155] In 2018, military spending was at $49.5 billion, about 1.2% of the country's GDP, well below the NATO target of 2%.[156][157] However, in response to the 2022 Russian invasion of Ukraine, Chancellor Olaf Scholz announced that German military expenditure would be increased past the NATO target of 2%, along with a one-time 2022 infusion of 100 billion euros, representing almost double the 53 billion euro military budget for 2021.[158][159] As of January 2020, the Bundeswehr has a strength of 184,001 active soldiers and 80,947 civilians.[160] Reservists are available to the armed forces and participate in defence exercises and deployments abroad.[161] Until 2011, military service was compulsory for men at age 18, but this has been officially suspended and replaced with a voluntary service.[162][163] Since 2001 women may serve in all functions of service without restriction.[164] According to the Stockholm International Peace Research Institute, Germany was the fourth-largest exporter of major arms in the world from 2014 to 2018.[165] In peacetime, the Bundeswehr is commanded by the Minister of Defence. In state of defence, the Chancellor would become commander-in-chief of the Bundeswehr.[166] The role of the Bundeswehr is described in the Constitution of Germany as defensive only. But after a ruling of the Federal Constitutional Court in 1994, the term "defence" has been defined to not only include protection of the borders of Germany, but also crisis reaction and conflict prevention, or more broadly as guarding the security of Germany anywhere in the world. As of 2017, the German military has about 3,600 troops stationed in foreign countries as part of international peacekeeping forces, including about 1,200 supporting operations against Daesh, 980 in the NATO-led Resolute Support Mission in Afghanistan, and 800 in Kosovo.[167][168] Economy Main articles: Economy of Germany and Science and technology in Germany Frankfurt is a leading business centre in Europe and the seat of the European Central Bank.[169] Germany has a social market economy with a highly skilled labour force, a low level of corruption, and a high level of innovation.[4][170][171] It is the world's third-largest exporter and third-largest importer,[4] and has the largest economy in Europe, which is also the world's fourth-largest economy by nominal GDP,[172] and the fifth-largest by PPP.[173] Its GDP per capita measured in purchasing power standards amounts to 121% of the EU27 average (100%).[174] The service sector contributes approximately 69% of the total GDP, industry 31%, and agriculture 1% as of 2017.[4] The unemployment rate published by Eurostat amounts to 3.2% as of January 2020, which is the fourth-lowest in the EU.[175] Germany is part of the European single market which represents more than 450 million consumers.[176] In 2017, the country accounted for 28% of the Eurozone economy according to the International Monetary Fund.[177] Germany introduced the common European currency, the Euro, in 2002.[178] Its monetary policy is set by the European Central Bank, which is headquartered in Frankfurt.[179][169] Being home to the modern car, the automotive industry in Germany is regarded as one of the most competitive and innovative in the world,[180] and is the sixth-largest by production as of 2021. The top ten exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical equipments, pharmaceuticals, transport equipments, basic metals, food products, and rubber and plastics.[181] Of the world's 500 largest stock-market-listed companies measured by revenue in 2019, the Fortune Global 500, 29 are headquartered in Germany.[182] 30 major Germany-based companies are included in the DAX, the German stock market index which is operated by Frankfurt Stock Exchange.[183] Well-known international brands include Mercedes-Benz, BMW, Volkswagen, Audi, Siemens, Allianz, Adidas, Porsche, Bosch and Deutsche Telekom.[184] Berlin is a hub for startup companies and has become the leading location for venture capital funded firms in the European Union.[185] Germany is recognised for its large portion of specialised small and medium enterprises, known as the Mittelstand model.[186] These companies represent 48% global market leaders in their segments, labelled hidden champions.[187] Research and development efforts form an integral part of the German economy.[188] In 2018 Germany ranked fourth globally in terms of number of science and engineering research papers published.[189] Research institutions in Germany include the Max Planck Society, the Helmholtz Association, and the Fraunhofer Society and the Leibniz Association.[190] Germany is the largest contributor to the European Space Agency.[191] Infrastructure Main articles: Transport in Germany, Energy in Germany, Telecommunications in Germany, and Water supply and sanitation in Germany An ICE 3 on the Cologne–Frankfurt high-speed rail line With its central position in Europe, Germany is a transport hub for the continent.[192] Its road network is among the densest in Europe.[193] The motorway (Autobahn) is widely known for having no general federally mandated speed limit for some classes of vehicles.[194] The Intercity Express or ICE train network serves major German cities as well as destinations in neighbouring countries with speeds up to 300 km/h (190 mph).[195] The largest German airports are Frankfurt Airport and Munich Airport.[196] The Port of Hamburg is one of the top twenty largest container ports in the world.[197] In 2015, Germany was the world's seventh-largest consumer of energy.[198] The government and the nuclear power industry agreed to phase out all nuclear power plants by 2021.[199] It meets the country's power demands using 40% renewable sources, and it has been called an "early leader" in solar and offshore wind.[200][201] Germany is committed to the Paris Agreement and several other treaties promoting biodiversity, low emission standards, and water management.[202][203][204] The country's household recycling rate is among the highest in the world—at around 65%.[205] The country's greenhouse gas emissions per capita were the ninth-highest in the EU in 2018, but these numbers have been trending downward.[206][207] The German energy transition (Energiewende) is the recognised move to a sustainable economy by means of energy efficiency and renewable energy.[208][201] Tourism Main article: Tourism in Germany Neuschwanstein Castle in Bavaria Germany is the ninth most visited country in the world as of 2017, with 37.4 million visits.[209] Domestic and international travel and tourism combined directly contribute over €105.3 billion to German GDP. Including indirect and induced impacts, the industry supports 4.2 million jobs.[210] Germany's most visited and popular landmarks include Cologne Cathedral, the Brandenburg Gate, the Reichstag, the Dresden Frauenkirche, Neuschwanstein Castle, Heidelberg Castle, the Wartburg, and Sanssouci Palace.[211] The Europa-Park near Freiburg is Europe's second most popular theme park resort.[212] Demographics Main articles: Demographics of Germany and Germans With a population of 80.2 million according to the 2011 German Census,[213] rising to 83.7 million as of 2022,[6] Germany is the most populous country in the European Union, the second most populous country in Europe after Russia, and the nineteenth most populous country in the world. Its population density stands at 227 inhabitants per square kilometre (588 per square mile). The fertility rate of 1.57 children born per woman (2022 estimates) is below the replacement rate of 2.1 and is one of the lowest fertility rates in the world.[4] Since the 1970s, Germany's death rate has exceeded its birth rate. However, Germany is witnessing increased birth rates and migration rates since the beginning of the 2010s. Germany has the third oldest population in the world, with an average age of 47.4 years.[4] A bilingual street sign in both German and Lower Sorbian languages in the city of Cottbus (Chóśebuz), Brandenburg Four sizeable groups of people are referred to as "national minorities" because their ancestors have lived in their respective regions for centuries:[214] There is a Danish minority in the northernmost state of Schleswig-Holstein;[214] the Sorbs, a Slavic population, are in the Lusatia region of Saxony and Brandenburg; the Roma and Sinti live throughout the country; and the Frisians are concentrated in Schleswig-Holstein's western coast and in the north-western part of Lower Saxony.[214] After the United States, Germany is the second most popular immigration destination in the world. The majority of migrants live in western Germany, in particular in urban areas. Of the country's residents, 18.6 million people (22.5%) were of immigrant or partially immigrant descent in 2016 (including persons descending or partially descending from ethnic German repatriates).[215] In 2015, the Population Division of the United Nations Department of Economic and Social Affairs listed Germany as host to the second-highest number of international migrants worldwide, about 5% or 12 million of all 244 million migrants.[216] As of 2019, Germany ranks seventh amongst EU countries in terms of the percentage of migrants in the country's population, at 13.1%.[217] Germany has a number of large cities. There are 11 officially recognised metropolitan regions. The country's largest city is Berlin, while its largest urban area is the Ruhr.[218] Religion Main article: Religion in Germany Cologne Cathedral is a UNESCO World Heritage Site. According to the 2011 census, Christianity was the largest religion in Germany, with 66.8% of respondents identifying as Christian, of which 3.8% were not church members.[219] 31.7% declared themselves as Protestants, including members of the Evangelical Church in Germany (which encompasses Lutheran, Reformed, and administrative or confessional unions of both traditions) and the free churches (Evangelische Freikirchen); 31.2% declared themselves as Roman Catholics, and Orthodox believers constituted 1.3%. According to data from 2016, the Catholic Church and the Evangelical Church claimed 28.5% and 27.5%, respectively, of the population.[220][221] Islam is the second-largest religion in the country.[222] In the 2011 census, 1.9% of respondents (1.52 million people) gave their religion as Islam, but this figure is deemed unreliable because a disproportionate number of adherents of this faith (and other religions, such as Judaism) are likely to have made use of their right not to answer the question.[223] Most of the Muslims are Sunnis and Alevites from Turkey, but there are a small number of Shi'ites, Ahmadiyyas and other denominations. Other religions comprise less than one percent of Germany's population.[222] A study in 2018 estimated that 38% of the population are not members of any religious organization or denomination,[224] though up to a third may still consider themselves religious. Irreligion in Germany is strongest in the former East Germany, which used to be predominantly Protestant before the enforcement of state atheism, and in major metropolitan areas.[225][226] Languages Main articles: German language and Languages of Germany German is the official and predominant spoken language in Germany.[227] It is one of 24 official and working languages of the European Union, and one of the three procedural languages of the European Commission.[228] German is the most widely spoken first language in the European Union, with around 100 million native speakers.[229] Recognised native minority languages in Germany are Danish, Low German, Low Rhenish, Sorbian, Romany, North Frisian and Saterland Frisian; they are officially protected by the European Charter for Regional or Minority Languages. The most used immigrant languages are Turkish, Arabic, Kurdish, Polish, Greek, Serbo-Croatian, Bulgarian and other Balkan languages, as well as Russian. Germans are typically multilingual: 67% of German citizens claim to be able to communicate in at least one foreign language and 27% in at least two.[227] Education Main article: Education in Germany Heidelberg University is Germany's oldest institution of higher learning and generally counted among its most renowned. Responsibility for educational supervision in Germany is primarily organised within the individual states. Optional kindergarten education is provided for all children between three and six years old, after which school attendance is compulsory for at least nine years depending on the state. Primary education usually lasts for four to six years.[230] Secondary schooling is divided into tracks based on whether students pursue academic or vocational education.[231] A system of apprenticeship called Duale Ausbildung leads to a skilled qualification which is almost comparable to an academic degree. It allows students in vocational training to learn in a company as well as in a state-run trade school.[230] This model is well regarded and reproduced all around the world.[232] Most of the German universities are public institutions, and students traditionally study without fee payment.[233] The general requirement for attending university is the Abitur. According to an OECD report in 2014, Germany is the world's third leading destination for international study.[234] The established universities in Germany include some of the oldest in the world, with Heidelberg University (established in 1386) being the oldest.[235] The Humboldt University of Berlin, founded in 1810 by the liberal educational reformer Wilhelm von Humboldt, became the academic model for many Western universities.[236][237] In the contemporary era Germany has developed eleven Universities of Excellence. Health Main article: Healthcare in Germany The Hospital of the Holy Spirit in Lübeck, established in 1286, is a precursor to modern hospitals.[238] Germany's system of hospitals, called Krankenhäuser, dates from medieval times, and today, Germany has the world's oldest universal health care system, dating from Bismarck's social legislation of the 1880s.[239] Since the 1880s, reforms and provisions have ensured a balanced health care system. The population is covered by a health insurance plan provided by statute, with criteria allowing some groups to opt for a private health insurance contract. According to the World Health Organization (WHO), Germany's health care system was 77% government-funded and 23% privately funded as of 2013.[240] In 2014, Germany spent 11.3% of its GDP on health care.[241] Germany ranked 21st in the world in 2019 in life expectancy with 78.7 years for men and 84.8 years for women according to the WHO, and it had a very low infant mortality rate (4 per 1,000 live births). In 2019, the principal cause of death was cardiovascular disease, at 37%.[242] Obesity in Germany has been increasingly cited as a major health issue. A 2014 study showed that 52 percent of the adult German population was overweight or obese.[243] Culture Main article: Culture of Germany See also: Science and technology in Germany A typical German Weihnachtsmarkt (Christmas market) in Dresden Culture in German states has been shaped by major intellectual and popular currents in Europe, both religious and secular. Historically, Germany has been called Das Land der Dichter und Denker ('the land of poets and thinkers'),[244] because of the major role its scientists, writers and philosophers have played in the development of Western thought.[245] A global opinion poll for the BBC revealed that Germany is recognised for having the most positive influence in the world in 2013 and 2014.[246][247] Germany is well known for such folk festival traditions as the Oktoberfest and Christmas customs, which include Advent wreaths, Christmas pageants, Christmas trees, Stollen cakes, and other practices.[248][249] As of 2016 UNESCO inscribed 41 properties in Germany on the World Heritage List.[250] There are a number of public holidays in Germany determined by each state; 3 October has been a national day of Germany since 1990, celebrated as the Tag der Deutschen Einheit (German Unity Day).[251] Music Main article: Music of Germany Ludwig van Beethoven (1770–1827), composer German classical music includes works by some of the world's most well-known composers. Dieterich Buxtehude, Johann Sebastian Bach and Georg Friedrich Händel were influential composers of the Baroque period. Ludwig van Beethoven was a crucial figure in the transition between the Classical and Romantic eras. Carl Maria von Weber, Felix Mendelssohn, Robert Schumann and Johannes Brahms were significant Romantic composers. Richard Wagner was known for his operas. Richard Strauss was a leading composer of the late Romantic and early modern eras. Karlheinz Stockhausen and Wolfgang Rihm are important composers of the 20th and early 21st centuries.[252] As of 2013, Germany was the second-largest music market in Europe, and fourth-largest in the world.[253] German popular music of the 20th and 21st centuries includes the movements of Neue Deutsche Welle, pop, Ostrock, heavy metal/rock, punk, pop rock, indie, Volksmusik (folk music), schlager pop and German hip hop. German electronic music gained global influence, with Kraftwerk and Tangerine Dream pioneering in this genre.[254] DJs and artists of the techno and house music scenes of Germany have become well known (e.g. Paul van Dyk, Felix Jaehn, Paul Kalkbrenner, Robin Schulz and Scooter).[255] Art and design Main articles: German art, Architecture of Germany, and German fashion C.D. Friedrich, Wanderer above the Sea of Fog (1818) Franz Marc, Roe Deer in the Forest (1914) German painters have influenced Western art. Albrecht Dürer, Hans Holbein the Younger, Matthias Grünewald and Lucas Cranach the Elder were important German artists of the Renaissance, Johann Baptist Zimmermann of the Baroque, Caspar David Friedrich and Carl Spitzweg of Romanticism, Max Liebermann of Impressionism and Max Ernst of Surrealism. Several German art groups formed in the 20th century; Die Brücke (The Bridge) and Der Blaue Reiter (The Blue Rider) influenced the development of expressionism in Munich and Berlin. The New Objectivity arose in response to expressionism during the Weimar Republic. After World War II, broad trends in German art include neo-expressionism and the New Leipzig School.[256] Architectural contributions from Germany include the Carolingian and Ottonian styles, which were precursors of Romanesque. Brick Gothic is a distinctive medieval style that evolved in Germany. Also in Renaissance and Baroque art, regional and typically German elements evolved (e.g. Weser Renaissance).[256] Vernacular architecture in Germany is often identified by its timber framing (Fachwerk) traditions and varies across regions, and among carpentry styles.[257] When industrialisation spread across Europe, classicism and a distinctive style of historicism developed in Germany, sometimes referred to as Gründerzeit style. Expressionist architecture developed in the 1910s in Germany and influenced Art Deco and other modern styles. Germany was particularly important in the early modernist movement: it is the home of Werkbund initiated by Hermann Muthesius (New Objectivity), and of the Bauhaus movement founded by Walter Gropius.[256] Ludwig Mies van der Rohe became one of the world's most renowned architects in the second half of the 20th century; he conceived of the glass façade skyscraper.[258] Renowned contemporary architects and offices include Pritzker Prize winners Gottfried Böhm and Frei Otto.[259] German designers became early leaders of modern product design.[260] The Berlin Fashion Week and the fashion trade fair Bread & Butter are held twice a year.[261] Literature and philosophy Main articles: German literature and German philosophy The Brothers Grimm collected and published popular German folk tales. German literature can be traced back to the Middle Ages and the works of writers such as Walther von der Vogelweide and Wolfram von Eschenbach. Well-known German authors include Johann Wolfgang von Goethe, Friedrich Schiller, Gotthold Ephraim Lessing and Theodor Fontane. The collections of folk tales published by the Brothers Grimm popularised German folklore on an international level.[262] The Grimms also gathered and codified regional variants of the German language, grounding their work in historical principles; their Deutsches Wörterbuch, or German Dictionary, sometimes called the Grimm dictionary, was begun in 1838 and the first volumes published in 1854.[263] Influential authors of the 20th century include Gerhart Hauptmann, Thomas Mann, Hermann Hesse, Heinrich Böll and Günter Grass.[264] The German book market is the third-largest in the world, after the United States and China.[265] The Frankfurt Book Fair is the most important in the world for international deals and trading, with a tradition spanning over 500 years.[266] The Leipzig Book Fair also retains a major position in Europe.[267] German philosophy is historically significant: Gottfried Leibniz's contributions to rationalism; the enlightenment philosophy by Immanuel Kant; the establishment of classical German idealism by Johann Gottlieb Fichte, Georg Wilhelm Friedrich Hegel and Friedrich Wilhelm Joseph Schelling; Arthur Schopenhauer's composition of metaphysical pessimism; the formulation of communist theory by Karl Marx and Friedrich Engels; Friedrich Nietzsche's development of perspectivism; Gottlob Frege's contributions to the dawn of analytic philosophy; Martin Heidegger's works on Being; Oswald Spengler's historical philosophy; the development of the Frankfurt School has been particularly influential.[268] Media Main articles: Media of Germany and Cinema of Germany The largest internationally operating media companies in Germany are the Bertelsmann enterprise, Axel Springer SE and ProSiebenSat.1 Media. Germany's television market is the largest in Europe, with some 38 million TV households.[269] Around 90% of German households have cable or satellite TV, with a variety of free-to-view public and commercial channels.[270] There are more than 300 public and private radio stations in Germany; Germany's national radio network is the Deutschlandradio and the public Deutsche Welle is the main German radio and television broadcaster in foreign languages.[270] Germany's print market of newspapers and magazines is the largest in Europe.[270] The papers with the highest circulation are Bild, Süddeutsche Zeitung, Frankfurter Allgemeine Zeitung and Die Welt.[270] The largest magazines include ADAC Motorwelt and Der Spiegel.[270] Germany has a large video gaming market, with over 34 million players nationwide.[271] Babelsberg Studio in Potsdam near Berlin, the world's first large-scale film studio German cinema has made major technical and artistic contributions to film. The first works of the Skladanowsky Brothers were shown to an audience in 1895. The renowned Babelsberg Studio in Potsdam was established in 1912, thus being the first large-scale film studio in the world. Early German cinema was particularly influential with German expressionists such as Robert Wiene and Friedrich Wilhelm Murnau. Director Fritz Lang's Metropolis (1927) is referred to as the first major science-fiction film. After 1945, many of the films of the immediate post-war period can be characterised as Trümmerfilm (rubble film). East German film was dominated by state-owned film studio DEFA, while the dominant genre in West Germany was the Heimatfilm ("homeland film").[272] During the 1970s and 1980s, New German Cinema directors such as Volker Schlöndorff, Werner Herzog, Wim Wenders, and Rainer Werner Fassbinder brought West German auteur cinema to critical acclaim. The Academy Award for Best Foreign Language Film ("Oscar") went to the German production The Tin Drum (Die Blechtrommel) in 1979, to Nowhere in Africa (Nirgendwo in Afrika) in 2002, and to The Lives of Others (Das Leben der Anderen) in 2007. Various Germans won an Oscar for their performances in other films. The annual European Film Awards ceremony is held every other year in Berlin, home of the European Film Academy. The Berlin International Film Festival, known as "Berlinale", awarding the "Golden Bear" and held annually since 1951, is one of the world's leading film festivals. The "Lolas" are annually awarded in Berlin, at the German Film Awards.[273] Cuisine Main article: German cuisine Bavarian Bratwurst with mustard, a pretzel and beer German cuisine varies from region to region and often neighbouring regions share some culinary similarities (e.g. the southern regions of Bavaria and Swabia share some traditions with Switzerland and Austria). International varieties such as pizza, sushi, Chinese food, Greek food, Indian cuisine and doner kebab are also popular. Bread is a significant part of German cuisine and German bakeries produce about 600 main types of bread and 1,200 types of pastries and rolls (Brötchen).[274] German cheeses account for about 22% of all cheese produced in Europe.[275] In 2012 over 99% of all meat produced in Germany was either pork, chicken or beef. Germans produce their ubiquitous sausages in almost 1,500 varieties, including Bratwursts and Weisswursts.[276] The national alcoholic drink is beer.[277] German beer consumption per person stands at 110 litres (24 imp gal; 29 US gal) in 2013 and remains among the highest in the world.[278] German beer purity regulations date back to the 16th century.[279] Wine has become popular in many parts of the country, especially close to German wine regions.[280] In 2019, Germany was the ninth-largest wine producer in the world.[281] The 2018 Michelin Guide awarded eleven restaurants in Germany three stars, giving the country a cumulative total of 300 stars.[282] Sports Main article: Sport in Germany The German national football team after winning the FIFA World Cup for the fourth time in 2014. Football is the most popular sport in Germany. Football is the most popular sport in Germany. With more than 7 million official members, the German Football Association (Deutscher Fußball-Bund) is the largest single-sport organisation worldwide,[283] and the German top league, the Bundesliga, attracts the second-highest average attendance of all professional sports leagues in the world.[284] The German men's national football team won the FIFA World Cup in 1954, 1974, 1990, and 2014,[285] the UEFA European Championship in 1972, 1980 and 1996,[286] and the FIFA Confederations Cup in 2017.[287] Germany is one of the leading motor sports countries in the world. Constructors like BMW and Mercedes are prominent manufacturers in motor sport. Porsche has won the 24 Hours of Le Mans race 19 times, and Audi 13 times (as of 2017).[288] The driver Michael Schumacher has set many motor sport records during his career, having won seven Formula One World Drivers' Championships.[289] Sebastian Vettel is also among the most successful Formula One drivers of all time.[290] Historically, German athletes have been successful contenders in the Olympic Games, ranking third in an all-time Olympic Games medal count (when combining East and West German medals). Germany was the last country to host both the summer and winter games in the same year, in 1936: the Berlin Summer Games and the Winter Games in Garmisch-Partenkirchen.[291] Munich hosted the Summer Games of 1972.[292] [New Trading View Logo]( You are receiving our newsletter because you opted-in for it on one of our sister websites. Make sure you stay up to date with finance news by [whitelisting us](. Copyright © 2023 New Trading View.com All Rights Reserved[.]( 234 5th Ave, New York, NY 10001, United States [Privacy Policy]( l [Terms & Conditions]( Thinking about unsubscribing? We hope not! But, if you must, the link is below. [Unsubscribe]( [New Trading View Logo](