In a series of seminars held recently in Berlin, Ankara, and Abu Dhabi, Germany’s Konrad Adenauer Foundation examined the “commonalities” between the social market economy and “Islamic economics.” As reported in the German daily Die Frankfurter Allgemeine Zeitung, the participants:What I find even more creepy is that the Abu Dhabi-based (sic!) correspondent of the Frankfurter Allgemeine Zeitung -- that's a "conservative" newspaper for you, Americans --, Rainer Hermann, goes so far as to state that a real estate bubble, such as formed on the U.S. housing market, would have been "impossible" in a system of "Islamic banking", which, in my opinion, shows in a nutshell the entire depth of German hatred for America and modernity.
came to the conclusion that [the commonalities] were great and that, for example, the recent financial crisis would not have broken out if today’s economic order had been oriented to the common values shared by both. The politicians present, including those from the [German] Bundestag, did not disagree.
The Konrad Adenauer Foundation is a publicly funded “political foundation” affiliated with the Christian Democratic Union, the party of German Chancellor Angela Merkel. Chancellor Merkel sits on the executive board of the foundation.
I'm not a terrific fan of Pajamas Media, but John Rosenthal's entries are always worth reading, at least for those who want to get some genuine information about Germany. He speaks fluent German, thus knows what he is talking about, and doesn't dream the American pipe dream about a conservative-at-heart Germany that is hijacked by an evil clique of leftists, as it was once hijacked by an evil clique of Nazis who were leftists anyway (don't get me started on THAT).
Here is his blog.