Word: economice
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Given the enormous bill for reunification, such failings have inevitably given rise to a debate in Germany about the policy of propping up the east. In 2004, an informal commission headed by Klaus von Dohnanyi, a former mayor of Hamburg, concluded harshly that eastern Germany was still far from being...
Job Search Why were so many jobs lost? mainly because Halle's local businesses had been rendered uncompetitive by the currency swap and wage increases. That meant economic growth in the east often relied on direct government support, in the form of infrastructure projects, tax breaks for individual investors, direct...
German skepticism about the utility of big government-spending programs endures, bolstering Merkel's determination to resist international pressure to take more decisive action to counter the economic crisis. Among those arguing forcefully against any new stimulus packages is the Taxpayers' Federation. Holznagel says that in the early 1990s his...
That assessment may sound admirably prudent. But Germany is in bad shape. In Halle, they're feeling the pinch, again - even if the situation is (remarkably) not quite as bad as it is in west German regions such as the environs of Stuttgart, where almost half a million people have...
Recession's Long March Re your cover "Going Home" [April 27]: as a former illegal worker in the U.S., I found your article on immigration compelling. It is true we are living in difficult times, but we must avoid seeking scapegoats during the economic crisis. In the end the only...