GDP 2006 2.8% after a decade of stagnation
1 million people less on unemployment
3% rause in VAT will help to balance the budget
190bn trade surplus as germany is increasing its exports
Bundesbank
- Real wage cuts in form of longer working hours and wage cuts. Labour costs have fallen sharly in Germany in the last decade
- Corporate restructuring
Like the UK recovery of the 80s or the Dutch one od the 90sw, the german recovery has been in large part a matter of breaking labour's stranglehold on the economy.
All these changes are neoliberal
It is the changing reality of the economy that drives the changing philosophy and not vice versa.
Saturday, 16 June 2007
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