Saturday, March 31, 2007

FT on German growth

Bertrand Benoit writes in the FT about recent German economic success. Many French politicians take Germany as an example but forget the hard measures Germany had to go through, introduced by Schröder.

Benoit states that Germany seems to have overcome the backlog of unification by cutting labour costs. German growth is still driven by exports, although many German products are partly manufactured abroad. Germany seems to be the only contender to China in exports.

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