Blogged mainly for those people with an interest in economics, Germany or both. Quite an interesting report on Germany’s economy in the days before Chancellor Schroeder loses his job.
I’ve long felt that Germany needs to revamp it’s labour laws significantly to get back to being the powerful economy they were before unification. And the mindset needs to change; Most countries seek foreign investment to bolster their economy, but Germany resists this passionately, seeing it almost as an invasion. Recall when Vodafone wanted to buy Mannesman, a diverse German manufacturing company, just so it could grab it’s mobile wing and flog the rest. The entire country was up in arms, it was the first successful hostile take-over of a German company by a foreign investor. I believe this mindset must change to make the economy more dynamic.
But then I’m hardly a trained economist!