All Posts Tagged With: "Sozialemarktwirtschaft"
Europe: Still a Laggard Economy
There have been increasing signs of optimism from European economy watchers. After some years in the doldrums, with slow growth and rising unemployment, things appear to be looking up: labor markets are more efficient; growth was good for 2006; and the euro is doing well against the dollar after years of weakness following its inception [...]
1Mar2007 | Norman Barry | 0 comments | ContinuedGermany: From the Market to Socialism and Back?
Germany is still the third biggest economy in the world, but like the second (Japan) it is suffering from rising unemployment (approaching four million or 10 percent of the workforce), massive capital flight, a growth rate approaching zero, workers who were once a legend for productivity but who are now over-educated and reluctant to do a full day’s labor without consulting a rule book of “rights” (a law restricting shopping on Saturday afternoon has only just been repealed), and enormous present and future welfare obligations.
1May2003 | mnolan | 0 comments | Continued-
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