Saturday, December 25, 2010

Economic Problems in Germany

Germany has been Europe's strongest economy but it still has problems. The economy is based on exporting around 50% of its GDP. Wages have fallen by 5% over the last ten years in order to keep products competitively priced for exports. Falling income is exacerbated by higher prices. Sentiment against the euro and German support for countries in the euro-zone with financial problems is strong.

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