Germany stands out as an economy that has basically done everything right. Let's look at the data.
First, note that coming our of the recession, Germany was printing some impressive annual GDP growth numbers. But, while Germany's overall growth rate is still positive, notice that it has been slowing over the last four quarters.
And while the government is running a budget deficit, it's clearly under control
In short, even with the GDP slowdown, German looks to be in decent shape.