Anyone who says that Germany has a problem with competitiveness, that labour costs are too high or that we need to tighten our belts is contradicting the facts. Germany is still living below its means and continues to violate the rules of the EMU. Wages would have to rise more sharply than in the rest of the EMU for several years to give the other members a chance to regain at least some of the market share lost to Germany in the past.
Economics
Bill Mitchell: The Covid trade-off between health and the economy did not exist
Our health systems and labour markets have been pushed into unworkable states by the fiscal cuts, outsourcing, privatisation, casualisation, wage restraint, etc – all pursued in the name of making us all better off and […]
Economics
Danny Rodrik – The New Productivism Paradigm?
There are signs of a major reorientation toward an economic policy framework that is rooted in production, work, and localism instead of finance, consumerism, and globalism. It might just turn into a new policy model […]
EU politics
Al Jazeera: Finland’s Conservative National Coalition Party claims election victory
Finland’s right-wing opposition National Coalition Party leader Petteri Orpo has claimed victory in the Nordic country’s tightly-fought parliamentary election. Read HERE
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