In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations. Read here
Why was austerity popular? “Many people would argue that the macroeconomic case for fiscal stimulus was complex, while simple analogies between governments and households were easier to grasp. However I have also argued that the […]
The French government seeks to “flexibilize” public jobs amid a climate of growing citizen discontent, which made it possible for all big unions to reach a common stand for the first time. Read here
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