Word: germane
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...stimulus plans will not be frozen at the G-20 meeting and plans often don't last long in a crisis. German and France may find the economic situations of their countries deteriorating more than they expected. The call for issuing more debt and supporting job creation may get louder as unemployment rises into the double digits. What seem like a sustainable polity on debt and stimulus may be now, but if EU GDP begins to contract faster and harder than expected, a wave of government desperation could sweep the countries in the union. Obama may have...
...Paul Böhm, a German architect behind a new mosque planned for Cologne, minarets are a crucial part of designing a proud and honest building. "We believe this building should show its intent, and the minarets can help it do that," he says. "The Muslims of Germany have, over the last 40 or 50 years, been hiding in basements and [abandoned] manufacturing areas to pray. [Many Germans] have never recognized that they are part of society. Giving them a building which brings them up to the same status [as other faith groups] can help us understand and accept them...
...Paris, chief economist Klaus Schmidt-Hebbel argues forcefully that governments should do more to retrain workers and overhaul their labor-market policies to ensure that once recovery comes, new jobs are created in sufficient numbers to swiftly bring the jobless rate back down again. But ask him about the German short-work measures, and he's skeptical. "They can't stop rising unemployment," he says, "they just delay it." Indeed, in its latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current 8.6% to 11.6% by the end of 2010 - higher than many...
...economists' doubts, there's immense political pressure on authorities to do something to slow growing joblessness. Several national and regional governments are subsidizing job-preservation efforts along German and Japanese lines, sometimes for the first time. Regional authorities in Wales, for example, have just introduced an on-the-job-retraining scheme under which companies in trouble can receive a subsidy of up to $2,800 per worker if they keep them on the payroll and teach them new skills...
...Obama spoke in the Locarno Room, a grand, gilded space in the Foreign and Commonwealth Office that was designed at the height of Britain's colonial powers, plans were afoot to challenge a stage-managed G-20 consensus. Demonstrators took to the streets, and French President Nicolas Sarkozy and German Chancellor Angela Merkel sent out invitations to their own joint London press conference, to signal their determination to resist any Anglo-American pressure for additional fiscal stimulus and to highlight their demands for stricter financial regulation. They are not the only G-20 leaders to arrive in London with agendas...