The revival of Berlin Inc

CONVENTIONAL WISDOM has it that the capital of Europe’s most powerful economy is poor, bolshie, chronically indebted and utterly reliant on subsidies from richer states. The debacle of the construction of the Berlin-Brandenburg airport, completed in 2020 nine years late and more than €4bn ($4.7bn) over budget, confirmed every prejudice about the city. A political storm is brewing over property firms and rents.

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Reputations are hard to shed. But Berlin’s business circles are trying. During the tenure of Klaus Wowereit, mayor from 2001 to 2014, no firm in the DAX, the index of Germany’s bluest chips,

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