Residents of Ireland, another bailed-out economy, plan to outspend the Germans more than two to one this Christmas, with an average â‚¬894 budget. In Spain, where unemployment is at 26 percent, consumers expect to spend an average â‚¬567. In recession-hobbled Italy, meanwhile, the figure is â‚¬477.
The figures, taken from a survey of 17,000 consumers by Deloitte, finds that even the reduced holiday budgets in many weaker economies are still more extravagant than those of Germans.
Timely, incisive articles delivered directly to your inbox.