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0 sats \ 2 replies \ @TomK OP 30 Jun \ parent \ on: Germany's Economic Crisis Deepens: Unemployment on the Rise econ
The problem that Germany has is that climate over-regulation, high taxation and a sprawling welfare state stifle any form of economic activity in the lower wage segments. The atrocious energy policy is driving energy-intensive companies abroad. The economy has shed around 175,000 full-time jobs in the last year. The trend will continue to accelerate if nothing changes. Regarding the statistics: of course it's all fake
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63 sats \ 1 reply \ @wingalt 30 Jun
Germany used to subsidise the southern PIGS states, who is gonna pick up the tab if Germany and France are in trouble?
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0 sats \ 0 replies \ @TomK OP 30 Jun
but you must not forget that with the introduction of the euro and the establishment of a low-wage labor market segment, Germany has run a neo-mercantilist model that has generated a huge trade surplus. the euro was at least 25% undervalued compared to D-Mark until today and that has made exporters rich.
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