Schaeuble Defends German Wage-Tariff Demands, Focus Says
It’s acceptable that wages in Germany are rising more than in other EU countries, the magazine reported, citing Schaeuble.
Germany can afford higher wage increases than other European nations because it endured years of political and economic reforms, Focus cited the finance minister as saying.
IG Metall, Europe’s biggest labor union, is demanding a 6.5 percent pay increase for its 3.6 million members as talks with employers resume on May 8 in the state of Baden-Wuerttemberg.
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