http://www.handelsblatt.com/politik...-will-kurzarbeit-regelung-verlaengern;2488618 Translation : http://translate.google.com/transla...erlaengern;2488618&sl=de&tl=en&hl=de&ie=UTF-8 Everything under control in "Merkel" country. Tax cuts just a matter of "time"...
yes, while the US falls deeper into the abyss....Germany and Asia seem to be pulling out. It may be that Germany, and Asia pull the US out of the depression in a few years.
Well, all these measures do is make the downturns a lot more shallow, but a lot longer, due to a large overhang of labor.
Germany's government is subsidizing otherwise unprofitable jobs for years, delaying a big clean-out. Germany will not pull anybody out. They're buying time, hoping that their old deficit friends (USA, UK) continue to buy their exports on new debt. If that bet backfires they're back to square zero.