For 60 years, successive German governments sought a more European Germany; but now, Chancellor Angela Merkel’s administration wants to reshape Europe's economies in Germany’s image. This would be a disaster: Far from being Europe’s most successful economy – as German officials boast – Germany’s economy is dysfunctional.
CENTRAL bankers once used to inveigh against wage inflation. Guarding against a return to the ruinous price-wage spirals of the 1970s was a constant preoccupation....
The attack on workers’ rights, wages and collective bargaining systems in Europe is continuing. The latest incident can be found in the new DG ECFIN report on labour market developments in Europe.