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Article: Getting Germany back on track: Rolf Breuer expands on how Europe largest economy can regain sustained and vigorous economic growth. (Viewpoint).
- Article from:
- The Banker
- Article date:
- February 1, 2003
- Author:
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For years, Germany's international competitiveness has been in decline. Rising unemployment, growing public deficits, social security systems which are stretched to their financial limit and the lowest economic growth in the eurozone are the visible symptoms of this development.
Though both the causes of the problems and the measures required to solve them are well known, Germany has not yet succeeded in creating the environment necessary for strong and sustained economic growth. Germany's economic policy must be more resolute in implementing radical change. Only sufficiently vigorous economic growth can enable the country to master the impending challenges posed ...