A german friend tells me that the older german's have a lot of money, but won't spend it because they don't consume a lot because things are so expensive..so it sits in the bank.
They don't invest much in stocks.
The friend is buying a condo near Munich..the price is less than any near a major city in the US, even at today's Euro rate.
Business's won't hire people due to the high cost of benefits and the inability to fire..or they hire on a contract basis if they must.
"Business's won't hire people due to the high cost of benefits and the inability to fire..or they hire on a contract basis if they must."
What is their unemployment rate?