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20%  
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  • EU Countries Wary of 'Sick Man of Europe' (Germany)

    10/30/2002 4:35:07 PM PST · by knighthawk · 23 replies · 108+ views
    DW-World ^ | October 30 2002
    With the ink on the Red-Green coalition pact barely dry, the newly reinstalled German government is finding itself under criticism from leading EU nations concerned about the state of its economy. It's been called 'The Sick Man of Europe' by the British and 'near stagnation' by the Italians. Germany's standing in Europe is coming increasingly under fire from EU quarters as the country's Red-Green coalition fights recession with tactics popular with socialist administration's of the past. Dire warnings that Germany must brace itself for major reforms came on Tuesday in Chancellor Gerhard Schröder's presented his policy plans for the first...