Word: siemenses
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What's Right with Germany I hope the signs of Germany's economic turnaround, discussed in "Back on Track" [July 26], are real. But this recovery must be export driven. The country's lack of domestic consumption is not due to fear of the future but to people not having...
This time of year, work is the last thing on the minds of most Europeans. The E.U. mandates a minimum of four weeks holiday, guaranteeing a traditional summer exodus to beaches and mountains. When France adopted the 35-hour workweek in 2000, many employers met the requirement by simply adding...
Get Back to Work It was fun while it lasted, but the clock's being turned back on the 35-hour workweek. Pushed by labor unions in Germany and France who hoped it would create jobs, the measure instead jacked up the cost of doing business. Siemens just negotiated a...
Building the Lip Service Sector Do France and Germany really want to build world-class companies? Last week Jacques Chirac and Gerhard Schröder swore they did, pledging to team up to develop "the industrial champions that Europe needs," in the words of the French President. A top-level...
With each notch up in tension, the whole rebuilding enterprise becomes more difficult. The fighting has grown so intense, security costs that were supposed to account for about 10% of the $18 billion in reconstruction money through September 2004 are instead running at 25%. Major contractors like General Electric and...