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TWO-EUROPES/
RTR2OHLR 
July 05, 2011 
A man looks at wristwatches on display at a shop window in Munich June 28, 2011. Contrasting fortunes... 
Munich, Germany 
To match Special Report TWO-EUROPES/ 
A man looks at wristwatches on display at a shop window in Munich June 28, 2011. Contrasting fortunes tell the story of two Europes -- and the story of the euro itself. Euro zone membership plus low labour costs were supposed to be a winning combination for Greece. In those early days of the common currency, Germany was the sick man of Europe, weighed down by the costs of reunification and an expensive labour market. Since then, rising labour costs in Greece have forced many manufacturers to shift to Asia or eastern Europe, or even to countries like Germany, where productivity is much higher. Germany, meantime, has thrived. Now, Greece is the one facing hard times. Picture taken June 28, 2011. To match Special Report TWO-EUROPES/ REUTERS/Michaela Rehle (GERMANY - Tags: BUSINESS) 
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