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German Workers Demand 6.5% Raise February 7, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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How about that! Read the whole piece and see, one of the reasons, why consumer spending was so subsidized in Greece – when a larger share should have been gone to German consumers with higher wages rewarding their higher productivity. But then again, how could such higher wages supported the enormous export boom that Germany is still having? And, as we noted previously, is able to borrow with zero or even negative interest rates – the only country in the crisis-strickej EU…

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