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Weber's thesis is reflected in the business success of the [[Yankees]] in the United States, and the Presbyterians in [[Scotland]]<ref> See Marshall (1980)</ref>, as well as by Protestant [[Germany]]. In recent years, however, Catholic southern Germany has outpaced Protestant Germany.
 
Weber's thesis is reflected in the business success of the [[Yankees]] in the United States, and the Presbyterians in [[Scotland]]<ref> See Marshall (1980)</ref>, as well as by Protestant [[Germany]]. In recent years, however, Catholic southern Germany has outpaced Protestant Germany.
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==- Europe ===
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A 2011 ''Telegraph'' article said concerning the European Financial Crisis: "Either way, not a single Protestant or Germanic EU country has so far needed a bailout" (Some Roman Catholic countries in Europe received bailouts).<ref>[http://blogs.telegraph.co.uk/news/edwest/100116846/yet-another-catholic-country-needs-a-bailout-from-the-protestant-north/ Yet another Catholic country needs a bailout from the Protestant north…]</ref>  Germany, the great economic powerhouse of Europe, was the fountainhead of the Protestant Reformation.
    
===Japan===
 
===Japan===
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