hiker said:to watch-this-drive, yes their labour laws are a bit restrictive but as you say thay have huge productivity levels. I read a report recently that showed that the French have the greatest productivity levels of all the Euro zone countries. So the question is why are productivity levels so high? Is it because the workers are well protected legally? or could these high levels of productivity pull both countries out of the doldrums if they are realeased from over-restrictive work practises?
hiker said:watch-this-drive said:
This is an interesting point. The germans are great at saving. I think on average they save about 15% of annual incomes. They appear to have maintained their exports because they export very high priced, high quality goods. the cost of living is relativly low. they seemed to be poised to expand because they have a huge labour pool dip into.
eurocrat said:I'm optimistic as well. Haivng lived in Germany and an being an Economics Graduate.
Appears - they have had unemployment of over 10% for absolutely ages - they are ****ed there economy is very export led because there is no domestic growth - a world wide recession could hurt them alot more than others.
There labour laws are mad - if you want to fire someone most times you have to pay them a years wages just get rid of them.
There unemployment benefit was huge but is at last becoming sane.
They need serious 'Anglo-Saxon' fiscal economics and to dump the social model - then they might have a chance because there productivity is actually quite impressive.
Recent figures from Germany show an upturn in the economy there. Is Agenda 2010 begining to take hold?
As it turns out seven years later, at the expense of the rest of Europe. Nothing like having the ECB on your side, yes? That recovery was a little too fast.Recent figures from Germany show an upturn in the economy there. Is Agenda 2010 begining to take hold?