The town sign of Freienbrink, the industrial park of Gruenheide. Tesla plans to build its first European factory in Gruenheide in Brandenburg, near Berlin. Photo: EPA-EFE

Opinion

Macroscope by David Brown

When Tesla sets up shop in Germany, it’s a sign of things going wrong with Europe

Europe’s common market is supposed be a level playing field. But as Germany remains a magnet for foreign capital – most recently Tesla’s – the gulf between Europe’s rich and poor will only widen, fuelling the EU’s existential crisis

David Brown

Published: 3:00am, 19 Nov, 2019

Updated: 4:19am, 19 Nov, 2019

The town sign of Freienbrink, the industrial park of Gruenheide. Tesla plans to build its first European factory in Gruenheide in Brandenburg, near Berlin. Photo: EPA-EFE

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David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.