Germany's Economic Future Is On The Bargaining TableGail E. Schares
After nearly a decade of labor peace, relations between German employers and the powerful trade unions have suddenly soured. As Germany's economy flags under the $100 billion cost of absorbing the East, unions are demanding fat wage hikes--around 10%. Bank workers have been on strike since Feb. 21. Three million public employees threaten to join them unless the government boosts its 3.5% offer to them.
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