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While Germany Prospers, Unemployment Strangles Others
The New York Times ^ | December 9, 2011 | FLOYD NORRIS

Posted on 12/09/2011 8:44:44 PM PST by MinorityRepublican

The Euro Has Been Very Good — for Germany

DURING the first nine years of the euro’s existence, it seemed to be a great success for what are now called the peripheral countries of the euro zone. Able to borrow at low rates — in some cases for the first time — and benefiting from a buoyant global economy, many countries boomed.

But over the last five years, those countries have suffered more than others. Nowhere are the changing fortunes within the euro zone more apparent than in the unemployment statistics.

The accompanying charts show unemployment trends since the end of 2006, near the peak of growth and a year before the United States fell into a recession that spread around the world after the credit crisis worsened in late 2008.

For Germany and, to a lesser extent, the countries that some have speculated could join it in a new common currency if the euro zone collapses, recent years have been a time of relative prosperity. At the end of 2006, the unemployment rate in Germany was 9.6 percent and nearly four million people were out of work. Now the rate is down to 5.5 percent and just 2.3 million people are classified as out of work.

Both of those figures are the lowest since 1991, the year Germany was unified.

Germany has benefited from many factors. It held down its labor costs during the boom, strengthening its competitive position relative to other members of the euro zone. The fact that those countries were in the euro zone helped to depress the currency’s value relative to other currencies, which made German exporters even more competitive.

(Excerpt) Read more at nytimes.com ...


TOPICS: Germany
KEYWORDS: europeanunion; germany
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To: FW190

Well, now we know what you’re about by tarring them all as communists. Same with excusing war crimes by the Drittes Reich and being a fan of their war machine.


21 posted on 12/13/2011 11:29:39 AM PST by Olog-hai
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To: Olog-hai
"Well, now we know what you’re about by tarring them all as communists"

Fact: Retirement age 55.

Fact: Greeks want to be paid "under the table." To avoid taxes.

Fact: Greeks take six weeks of PAID vacation a year.

Fact: Greeks want someone else to pay for it!

Maybe your not really Irish, Maybe your Greek!

"Same with excusing war crimes by the Drittes Reich and being a fan of their war machine."

I never excused war crimes.....I just like their cool uniforms & aircraft..... LOL!

22 posted on 12/13/2011 12:41:22 PM PST by FW190
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To: FW190

Fact: Retirement age 55
That's the so-called "early retirement age". Most Greeks match the Germans at 65. So your "fact" is BS.

Fact: Greeks want to be paid "under the table." To avoid taxes
Fact: you're just a plain old racist, borne out by your tarring people with the same brush, and there's no place for you on FR; maybe you belong on Stormfront or DU. Maybe you can find somewhere that illegal payment under the table does not exist? because it sure ain't going to be legal in Greece never mind anywhere else!

Fact: Greeks take six weeks of PAID vacation a year
Fact: Germans take eight weeks off. Paid. Unions would only take mild concessions on that. They aren't the USA.

I never excused war crimes.....I just like their cool uniforms & aircraft
Yeah, you tell that to US families who had family members killed by those things. Go right ahead.
23 posted on 12/13/2011 1:22:32 PM PST by Olog-hai
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To: Olog-hai
"That's the so-called "early retirement age". Most Greeks match the Germans at 65. So your "fact" is BS."

I'll see your BS and raise you A double BS

Fact: you're just a plain old racist, borne out by your tarring people with the same brush, and there's no place for you on FR; maybe you belong on Stormfront or DU. Maybe you can find somewhere that illegal payment under the table does not exist? because it sure ain't going to be legal in Greece never mind anywhere else!

Who's the plain old racist.....you're the one who shows up with your Anti-German drivel hour after hour?

I'll see your racist and raise you A double racist with a PHTHZZZZZ!

24 posted on 12/13/2011 11:52:00 PM PST by FW190
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To: FW190

you're the one who shows up with your Anti-German drivel
Nobody sees it as "drivel", it's not anti-German, and it's all the truth; no German elite is denying it. I advise you stop letting it get under your skin . . . or maybe your fandom of Yank-murdering planes is too ingrained?
25 posted on 12/14/2011 8:08:59 PM PST by Olog-hai
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To: Olog-hai
"Fact: you're just a plain old racist, borne out by your tarring people with the same brush, and there's no place for you on FR; maybe you belong on Stormfront or DU.

Now that I've had some fun w/you, it's time to take you to school.

First a definition, Racism is the belief that inherent different traits in human racial groups justify discrimination. Racial groups are by Johann Friedrich Blumenbach definition, five major divisions: the Caucasoid race, Mongoloid race, Ethiopian race (later termed the Negroid race), American Indian race, and Malayan race.

Geeks are a national entity of the Caucasoid race, Germans,French, English are as well, separate national entities of the Caucasoid race. Therefore, you can not wildly proclaim racism exists between Caucasians in your Übermensch ZANY ranting.

What your tiny wittle bwain is trying to say is, Fact: you're just a plain old racist NATIONALIST.

SO WHAT! SO ARE YOU! That seems to be to only normal thing in your drivel.

I don't know of anyone who isn't a NATIONALIST.

An' since you keep ranting about Racism with respect to Germans vs other European, Caucasian countries your argument does a spectacular BELLY FLOP!

More schooling for you.....Nationalism is a political ideology that involves a strong identification of a group of individuals with a political entity defined in national terms, i.e. a nation. In the 'modernist' image of the nation, it is nationalism that creates national identity.

Hope that's not too much lern'n at one time for ya, Lassie.............AHHHHHHAHAHAH

Nobody sees it as "drivel", it's not anti-German, and it's all the truth; no German elite is denying it. I advise you stop letting it get under your skin

LOL....I saw how Berlin_Freeper, NavVet, & BfloGuy spanked you GOOD on http://www.freerepublic.com/focus/f-news/2820641/posts .

or maybe your fandom of Yank-murdering planes is too ingrained? AWWW, you're too kind.

Don't let the NAZI bed bugs bite!

26 posted on 12/16/2011 12:48:49 AM PST by FW190
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